ALLSTATE CORP

The proposal requests that the Board commission and publish a report, at reasonable expense and omitting proprietary information, assessing the potential risks to shareholder value, corporate reputation and legal compliance associated with using ESG and DEI metrics in executive compensation. The proponent argues that such metrics can be subjective, ideologically divisive, legally risky, and may divert executive focus from core financial performance and profitability. The submission cites Allstate’s prior use of an Inclusive Diversity and Equity metric in a three-year performance cycle (noting a pause in 2025) and requests transparency on whether such measures will resume and how they affect pay outcomes. The report is intended to provide shareholders with a clearer business case and risk assessment related to incorporating non-financial metrics into senior pay plans.