XML 58 R39.htm IDEA: XBRL DOCUMENT v3.19.1
Reporting Segments (Tables)
 12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
Schedule of business segments revenue disclosures

Reportable segments revenue information
 
 
For the years ended December 31,

($ in millions)
 
2018
 
2017
 
2016
Property-Liability
 
 
 
 
 
 
Insurance premiums
 
 
 
 
 
 
Auto
 
$
22,970

 
$
21,878

 
$
21,264

Homeowners
 
7,517

 
7,310

 
7,257

Other personal lines
 
1,808

 
1,750

 
1,700

Commercial lines
 
655

 
495

 
506

Allstate Protection
 
32,950

 
31,433

 
30,727

Discontinued Lines and Coverages
 
—

 
—

 
—

Total Property-Liability insurance premiums
 
32,950

 
31,433

 
30,727

Other revenue
 
738

 
703

 
688

Net investment income
 
1,464

 
1,478

 
1,253

Realized capital gains and losses
 
(639
)
 
401

 
(6
)
Total Property-Liability
 
34,513

 
34,015

 
32,662

 
 
 
 
 
 
 
Service Businesses
 
 
 
 
 
 
Consumer product protection plans
 
503

 
295

 
—

Roadside assistance
 
263

 
268

 
310

Finance and insurance products
 
332

 
304

 
270

Intersegment premiums and service fees (1)
 
122

 
110

 
105

Other revenue
 
82

 
66

 
64

Net investment income
 
27

 
16

 
13

Realized capital gains and losses
 
(11
)
 
—

 
—

Total Service Businesses
 
1,318

 
1,059

 
762

 
 
 
 
 
 
 
Allstate Life
 
 
 
 
 
 
Traditional life insurance premiums
 
600

 
568

 
533

Accident and health insurance premiums
 
2

 
2

 
2

Interest-sensitive life insurance contract charges
 
713

 
710

 
715

Other revenue
 
119

 
114

 
113

Net investment income
 
505

 
489

 
482

Realized capital gains and losses
 
(14
)
 
5

 
(38
)
Total Allstate Life
 
1,925

 
1,888

 
1,807

 
 
 
 
 
 
 
Allstate Benefits
 
 
 
 
 
 
Traditional life insurance premiums
 
44

 
42

 
40

Accident and health insurance premiums
 
980

 
928

 
857

Interest-sensitive life insurance contract charges
 
111

 
114

 
114

Net investment income
 
77

 
72

 
71

Realized capital gains and losses
 
(9
)
 
1

 
(5
)
Total Allstate Benefits
 
1,203

 
1,157

 
1,077

 
 
 
 
 
 
 
Allstate Annuities
 
 
 
 
 
 
Fixed annuities contract charges
 
15

 
14

 
14

Net investment income
 
1,096

 
1,305

 
1,181

Realized capital gains and losses
 
(166
)
 
44

 
(38
)
Total Allstate Annuities
 
945

 
1,363

 
1,157

 
 
 
 
 
 
 
Corporate and Other
 
 
 
 
 
 
Net investment income
 
71

 
41

 
42

Realized capital gains and losses
 
(38
)
 
(6
)
 
(3
)
Total Corporate and Other
 
33

 
35

 
39

Intersegment eliminations (1)
 
(122
)
 
(110
)
 
(105
)
Consolidated revenues
 
$
39,815

 
$
39,407

 
$
37,399


(1) Intersegment insurance premiums and service fees are primarily related to Arity and Allstate Roadside Services and are eliminated in the consolidated financial statements.
Schedule of business segments net income disclosures

Reportable segments financial performance
 
 
For the years ended December 31,
($ in millions)
 
2018
 
2017
 
2016
Property-Liability
 
 
 
 
 
 
Allstate Protection
 
$
2,343

 
$
2,304

 
$
1,477

Discontinued Lines and Coverages
 
(90
)
 
(99
)
 
(107
)
Total underwriting income
 
2,253

 
2,205

 
1,370

Net investment income
 
1,464

 
1,478

 
1,253

Income tax expense on operations
 
(747
)
 
(1,187
)
 
(865
)
Realized capital gains and losses, after-tax
 
(500
)
 
272

 
—

Gain on disposition of operations, after-tax
 
—

 
9

 
—

Tax Legislation (expense) benefit
 
(5
)
 
36

 
—

Property-Liability net income applicable to common shareholders
 
2,465

 
2,813

 
1,758

 
 
 
 
 
 
 
Service Businesses
 
 
 
 
 
 
Adjusted net income (loss)
 
8

 
(54
)
 
5

Realized capital gains and losses, after-tax
 
(9
)
 
—

 
—

Amortization of purchased intangible assets, after-tax
 
(74
)
 
(60
)
 
—

Tax Legislation (expense) benefit
 
(4
)
 
137

 
—

Service Businesses net (loss) income applicable to common shareholders
 
(79
)
 
23

 
5

 
 
 
 
 
 
 
Allstate Life
 
 
 
 
 
 
Adjusted net income
 
295

 
259

 
251

Realized capital gains and losses, after-tax
 
(11
)
 
2

 
(24
)
DAC and DSI amortization related to realized capital gains and losses, after-tax
 
(8
)
 
(10
)
 
(4
)
Tax Legislation (expense) benefit
 
(16
)
 
338

 
—

Allstate Life net income applicable to common shareholders
 
260

 
589

 
223

 
 
 
 
 
 
 
Allstate Benefits
 
 
 
 
 
 
Adjusted net income
 
124

 
100

 
103

Realized capital gains and losses, after-tax
 
(7
)
 
—

 
(4
)
DAC and DSI amortization related to realized capital gains and losses, after-tax
 
1

 
—

 
—

Tax Legislation benefit
 
—

 
54

 
—

Allstate Benefits net income applicable to common shareholders
 
118

 
154

 
99

 
 
 
 
 
 
 
Allstate Annuities
 
 
 
 
 
 
Adjusted net income
 
131

 
205

 
102

Realized capital gains and losses, after-tax
 
(131
)
 
28

 
(26
)
Valuation changes on embedded derivatives not hedged, after-tax
 
3

 
—

 
(2
)
Gain on disposition of operations, after-tax
 
4

 
4

 
3

Tax Legislation benefit
 
69

 
182

 
—

Allstate Annuities net income applicable to common shareholders
 
76

 
419

 
77

 
 
 
 
 
 
 
Corporate and Other
 
 
 
 
 
 
Adjusted net loss
 
(406
)
 
(320
)
 
(293
)
Realized capital gains and losses, after-tax
 
(30
)
 
(4
)
 
(2
)
Pension and other postretirement remeasurement gains and losses, after-tax
 
(370
)
 
141

 
(175
)
Goodwill impairment
 
—

 
(125
)
 
—

Business combination expenses, after-tax
 
(7
)
 
(14
)
 
—

Tax Legislation expense
 
(15
)
 
(238
)
 
—

Corporate and Other net loss applicable to common shareholders
 
(828
)
 
(560
)
 
(470
)
 
 
 
 
 
 
 
Consolidated net income applicable to common shareholders
 
$
2,012

 
$
3,438

 
$
1,692



Additional significant financial performance data
 
 
 
 
 
 
 
 
For the years ended December 31,
($ in millions)
 
2018
 
2017
 
2016
Amortization of DAC
 
 
 
 
 
 
Property-Liability
 
$
4,475

 
$
4,205

 
$
4,053

Service Businesses
 
463

 
296

 
214

Allstate Life
 
132

 
134

 
131

Allstate Benefits
 
145

 
142

 
145

Allstate Annuities
 
7

 
7

 
7

Consolidated
 
$
5,222

 
$
4,784

 
$
4,550

 
 
 
 
 
 
 
Income tax expense (benefit)
 
 
 
 
 
 
Property-Liability
 
$
613

 
$
1,285

 
$
859

Service Businesses
 
(19
)
 
(194
)
 
2

Allstate Life
 
75

 
(226
)
 
94

Allstate Benefits
 
32

 
1

 
52

Allstate Annuities
 
(66
)
 
(58
)
 
36

Corporate and Other
 
(167
)
 
187

 
(201
)
Consolidated
 
$
468

 
$
995

 
$
842
Additional significant financial performance data
Additional significant financial performance data
 
 
 
 
 
 
 
 
For the years ended December 31,
($ in millions)
 
2018
 
2017
 
2016
Amortization of DAC
 
 
 
 
 
 
Property-Liability
 
$
4,475

 
$
4,205

 
$
4,053

Service Businesses
 
463

 
296

 
214

Allstate Life
 
132

 
134

 
131

Allstate Benefits
 
145

 
142

 
145

Allstate Annuities
 
7

 
7

 
7

Consolidated
 
$
5,222

 
$
4,784

 
$
4,550

 
 
 
 
 
 
 
Income tax expense (benefit)
 
 
 
 
 
 
Property-Liability
 
$
613

 
$
1,285

 
$
859

Service Businesses
 
(19
)
 
(194
)
 
2

Allstate Life
 
75

 
(226
)
 
94

Allstate Benefits
 
32

 
1

 
52

Allstate Annuities
 
(66
)
 
(58
)
 
36

Corporate and Other
 
(167
)
 
187

 
(201
)
Consolidated
 
$
468

 
$
995

 
$
842


Impacts of Tax Legislation
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income tax expense (benefit) before Tax Legislation
 
Tax Legislation expense (benefit)
 
Income tax expense (benefit) after Tax Legislation
 
 
For the years ended December 31,
($ in millions)
 
2018
 
2017
 
2018
 
2017
 
2018
 
2017
Income tax expense (benefit)
 
 
 
 
 
 
 
 
 
 
 
 
Property-Liability
 
$
608

 
$
1,321

 
$
5

 
$
(36
)
 
$
613

 
$
1,285

Service Businesses
 
(23
)
 
(57
)
 
4

 
(137
)
 
(19
)
 
(194
)
Allstate Life
 
59

 
112

 
16

 
(338
)
 
75

 
(226
)
Allstate Benefits
 
32

 
55

 
—

 
(54
)
 
32

 
1

Allstate Annuities
 
3

 
124

 
(69
)
 
(182
)
 
(66
)
 
(58
)
Corporate and Other
 
(182
)
 
(51
)
 
15

 
238

 
(167
)
 
187

Consolidated
 
$
497

 
$
1,504

 
$
(29
)
 
$
(509
)
 
$
468

 
$
995
Summarized data for total assets and investments
Reportable segment total assets and investments (1)
 
 
 
 
 
 
As of December 31,
($ in millions)
 
2018
 
2017
Assets
 
 
 
 
Property-Liability
 
$
61,947

 
$
60,197

Service Businesses
 
5,473

 
4,531

Allstate Life
 
13,613

 
14,107

Allstate Benefits
 
2,822

 
2,766

Allstate Annuities
 
26,798

 
28,836

Corporate and Other
 
1,596

 
1,985

Consolidated
 
$
112,249

 
$
112,422

​
 
 
 
​
Investments
 
 
 
 
Property-Liability
 
$
43,634

 
$
43,183

Service Businesses
 
1,203

 
954

Allstate Life
 
10,809

 
11,210

Allstate Benefits
 
1,809

 
1,776

Allstate Annuities
 
22,336

 
23,722

Corporate and Other
 
1,469

 
1,958

Consolidated
 
$
81,260

 
$
82,803


(1) 
The balances reflect the elimination of related party investments between segments.