Allstate 2014 Annual Report Download - page 47
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9MAR201204034531
23MAR201512264225
15MAR201517143126
Executive Compensation — Design
• The 2015-2017 PSA award will be measured in a single three-year measurement period. The performance
measure is calculated as follows:
Average for the three
years in the performance
cycle.
Adjusted to reflect a
minimum or maximum
amount of catastrophe
losses if the average of
actual after-tax catastrophe
losses in the three-year
cycle is less than or
exceeds those amounts.
Average of common
shareholders’ equity
excluding unrealized
gains and losses, after-tax,
at December 31, 2014,
and at the end of each year
in the performance cycle.
Committee considered
historical and expected
performance, market
expectaions, and industry
trends when approving
ran
g
e of performance.
Single Three-Year Measurement Period
Adjusted
Operating Income*
Catastrophe
Losses
Adjusted Common
Shareholders’ Equity**
PSA Performance
Measure
* Adjusted operating income for the 2015-2017 PSA award has the same definition as the 2014-2016 award as disclosed on
page 62-63.
** Adjusted common shareholders’ equity for the 2015-2017 PSA award has the same definition as the 2014-2016 award as
disclosed on page 63.
Three-Year Average
Adjusted Operating
Income Return on Equity
6.0% 13.5% 14.5%
Payout 0% 100% 200%
Subject to
positive net
income hurdle
37
PROXY STATEMENT
2015-2017 Performance Stock Award Range of Performance
Threshold Target Maximum
2015-2017 Measurement Period
The Allstate Corporation