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Reporting Segments (Tables)
 12 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
Schedule of business segments revenue disclosures
Summarized revenue data for each of the Company’s reportable segments for the years ended December 31 are as follows:
($ in millions)
2015
 
2014
 
2013
Revenues
 
 
 
 
 
Property-Liability
 
 
 
 
 
Property-liability insurance premiums
 
 
 
 
 
Auto
$
20,410

 
$
19,344

 
$
18,449

Homeowners
7,136

 
6,904

 
6,613

Other personal lines
1,692

 
1,662

 
1,629

Commercial lines
510

 
476

 
456

Other business lines
561

 
542

 
471

Allstate Protection
30,309

 
28,928

 
27,618

Discontinued Lines and Coverages
—

 
1

 
—

Total property-liability insurance premiums
30,309

 
28,929

 
27,618

Net investment income
1,237

 
1,301

 
1,375

Realized capital gains and losses
(237
)
 
549

 
519

Total Property-Liability
31,309

 
30,779

 
29,512

Allstate Financial
 
 
 
 
 
Life and annuity premiums and contract charges
 
 
 
 
 
  Life and annuity premiums
 
 
 
 
 
Traditional life insurance
542

 
511

 
491

Immediate annuities with life contingencies
—

 
4

 
37

Accident and health insurance
780

 
744

 
720

Total life and annuity premiums
1,322

 
1,259

 
1,248

  Contract charges
 
 
 
 
 
Interest-sensitive life insurance
822

 
879

 
1,086

Fixed annuities
14

 
19

 
18

Total contract charges
836

 
898

 
1,104

Total life and annuity premiums and contract charges
2,158

 
2,157

 
2,352

Net investment income
1,884

 
2,131

 
2,538

Realized capital gains and losses
267

 
144

 
74

Total Allstate Financial
4,309

 
4,432

 
4,964

Corporate and Other
 
 
 
 
 
Service fees
3

 
5

 
9

Net investment income
35

 
27

 
30

Realized capital gains and losses
—

 
1

 
1

Total Corporate and Other before reclassification of service fees
38

 
33

 
40

Reclassification of service fees (1)
(3
)
 
(5
)
 
(9
)
Total Corporate and Other
35

 
28

 
31

Consolidated revenues
$
35,653

 
$
35,239

 
$
34,507

______________________________
(1) 
For presentation in the Consolidated Statements of Operations, service fees of the Corporate and Other segment are reclassified to operating costs and expenses
Schedule of business segments net income disclosures
Summarized financial performance data for each of the Company’s reportable segments for the years ended December 31 are as follows:
($ in millions)
2015
 
2014
 
2013
Net income
 
 
 
 
 
Property-Liability
 
 
 
 
 
Underwriting income
 
 
 
 
 
Allstate Protection
$
1,614

 
$
1,887

 
$
2,361

Discontinued Lines and Coverages
(55
)
 
(115
)
 
(143
)
Total underwriting income
1,559

 
1,772

 
2,218

Net investment income
1,237

 
1,301

 
1,375

Income tax expense on operations (1)
(952
)
 
(1,040
)
 
(1,177
)
Realized capital gains and losses, after-tax
(154
)
 
357

 
339

Gain (loss) on disposition of operations, after-tax
—

 
37

 
(1
)
Property-Liability net income applicable to common shareholders
1,690

 
2,427

 
2,754

Allstate Financial
 
 
 
 
 
Life and annuity premiums and contract charges
2,158

 
2,157

 
2,352

Net investment income
1,884

 
2,131

 
2,538

Periodic settlements and accruals on non-hedge derivative instruments
—

 
(1
)
 
17

Contract benefits and interest credited to contractholder funds
(2,563
)
 
(2,663
)
 
(3,171
)
Operating costs and expenses and amortization of deferred policy acquisition costs
(729
)
 
(721
)
 
(895
)
Restructuring and related charges
—

 
(2
)
 
(7
)
Income tax expense on operations
(241
)
 
(294
)
 
(246
)
Operating income
509

 
607

 
588

Realized capital gains and losses, after-tax
173

 
94

 
46

Valuation changes on embedded derivatives that are not hedged, after-tax
(1
)
 
(15
)
 
(16
)
DAC and DSI amortization related to realized capital gains and losses and valuation changes on embedded derivatives that are not hedged, after-tax
(3
)
 
(3
)
 
(5
)
DAC and DSI unlocking related to realized capital gains and losses, after-tax
—

 
—

 
7

Reclassification of periodic settlements and accruals on non-hedge derivative instruments, after-tax
—

 
1

 
(11
)
Gain (loss) on disposition of operations, after-tax
2

 
(53
)
 
(514
)
Change in accounting for investments in qualified affordable housing projects, after-tax
(17
)
 
—

 
—

Allstate Financial net income applicable to common shareholders
663

 
631

 
95

Corporate and Other
 
 
 
 
 
Service fees (2)
3

 
5

 
9

Net investment income
35

 
27

 
30

Operating costs and expenses (2)
(329
)
 
(364
)
 
(627
)
Income tax benefit on operations
109

 
124

 
220

Preferred stock dividends
(116
)
 
(104
)
 
(17
)
Operating loss
(298
)
 
(312
)
 
(385
)
Realized capital gains and losses, after-tax
—

 
—

 
—

Loss on extinguishment of debt, after-tax
—

 
—

 
(319
)
Postretirement benefits curtailment gain, after-tax
—

 
—

 
118

Corporate and Other net loss applicable to common shareholders
(298
)
 
(312
)
 
(586
)
Consolidated net income applicable to common shareholders
$
2,055

 
$
2,746

 
$
2,263

______________________________
(1) 
Income tax on operations for Property-Liability segment includes $28 million of expense related to the change in accounting guidance for investments in qualified affordable housing projects adopted in 2015.
(2) 
For presentation in the Consolidated Statements of Operations, service fees of the Corporate and Other segment are reclassified to operating costs and expenses.
Additional significant financial performance data
Additional significant financial performance data for each of the Company’s reportable segments for the years ended December 31 are as follows:
($ in millions)
2015
 
2014
 
2013
Amortization of DAC
 
 
 
 
 
Property-Liability
$
4,102

 
$
3,875

 
$
3,674

Allstate Financial
262

 
260

 
328

Consolidated
$
4,364

 
$
4,135

 
$
4,002

​
​
 
​
 
​
Income tax expense
 
 
 
 
 
Property-Liability
$
869

 
$
1,211

 
$
1,357

Allstate Financial
351

 
299

 
87

Corporate and Other
(109
)
 
(124
)
 
(328
)
Consolidated
$
1,111

 
$
1,386

 
$
1,116
Summarized data for total assets and investments
Summarized data for total assets and investments for each of the Company’s reportable segments as of December 31 are as follows:
($ in millions)
2015
 
2014
 
2013
Assets
 
 
 
 
 
Property-Liability
$
55,671

 
$
55,767

 
$
54,726

Allstate Financial
46,342

 
49,248

 
65,707

Corporate and Other
2,643

 
3,464

 
3,027

Consolidated
$
104,656

 
$
108,479

 
$
123,460

​
​
 
​
 
​
Investments
 
 
 
 
 
Property-Liability
$
38,479

 
$
39,083

 
$
39,638

Allstate Financial
36,792

 
38,809

 
39,105

Corporate and Other
2,487

 
3,221

 
2,412

Consolidated
$
77,758

 
$
81,113

 
$
81,155