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Reportable Segments (Tables)
3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Schedule of business segments revenue disclosures
Reportable segments revenue information
($ in millions)
 
Three months ended March 31,
 
2020
 
2019
Property-Liability
 
 

 
 

Insurance premiums
 
 

 
 

Auto
 
$
6,154

 
$
5,930

Homeowners
 
2,038

 
1,935

Other personal lines
 
471

 
459

Commercial lines
 
218

 
183

Allstate Protection
 
8,881

 
8,507

Discontinued Lines and Coverages
 

 

Total Property-Liability insurance premiums
 
8,881

 
8,507

Other revenue
 
181

 
176

Net investment income
 
202

 
291

Realized capital gains (losses)
 
(103
)
 
497

Total Property-Liability
 
9,161

 
9,471

 
 
 
 
 
Service Businesses
 
 
 
 
Consumer product protection plans
 
206

 
145

Roadside assistance
 
51

 
63

Finance and insurance products
 
97

 
87

Intersegment premiums and service fees (1)
 
38

 
33

Other revenue
 
52

 
47

Net investment income
 
10

 
9

Realized capital gains (losses)
 
(24
)
 
8

Total Service Businesses
 
430

 
392

 
 
 
 
 
Allstate Life
 
 
 
 
Traditional life insurance premiums
 
153

 
154

Interest-sensitive life insurance contract charges
 
180

 
183

Other revenue
 
32

 
27

Net investment income
 
128

 
127

Realized capital gains (losses)
 
(31
)
 
(5
)
Total Allstate Life
 
462

 
486

 
 
 
 
 
Allstate Benefits
 
 
 
 
Traditional life insurance premiums
 
9

 
9

Accident and health insurance premiums
 
244

 
250

Interest-sensitive life insurance contract charges
 
29

 
29

Net investment income
 
20

 
19

Realized capital gains (losses)
 
(14
)
 
4

Total Allstate Benefits
 
288

 
311

 
 
 
 
 
Allstate Annuities
 
 
 
 
Fixed annuities contract charges
 
2

 
3

Net investment income
 
47

 
190

Realized capital gains (losses)
 
(269
)
 
156

Total Allstate Annuities
 
(220
)
 
349

 
 
 
 
 
Corporate and Other
 
 

 
 

Net investment income
 
14

 
12

Realized capital gains (losses)
 
(21
)
 
2

Total Corporate and Other
 
(7
)
 
14

 
 
 
 
 
Intersegment eliminations (1)
 
(38
)
 
(33
)
Consolidated revenues
 
$
10,076

 
$
10,990


(1) 
Intersegment insurance premiums and service fees are primarily related to Arity and Allstate Roadside Services and are eliminated in the condensed consolidated financial statements.
Schedule of business segments net income disclosures
Reportable segments financial performance
 
 
Three months ended March 31,
($ in millions)
 
2020
 
2019
Property-Liability
 
 
 
 
Allstate Protection (1)
 
$
1,348

 
$
703

Discontinued Lines and Coverages
 
(3
)
 
(3
)
Total underwriting income
 
1,345

 
700

Net investment income
 
202

 
291

Income tax expense on operations
 
(303
)
 
(202
)
Realized capital gains (losses), after-tax
 
(82
)
 
393

Property-Liability net income applicable to common shareholders
 
1,162

 
1,182

 
 
 
 
 
Service Businesses
 
 
 
 
Adjusted net income
 
37

 
11

Realized capital gains (losses), after-tax
 
(19
)
 
7

Amortization of purchased intangibles, after-tax
 
(21
)
 
(24
)
Service Businesses net loss applicable to common shareholders
 
(3
)
 
(6
)
 
 
 
 
 
Allstate Life
 
 
 
 
Adjusted net income
 
80

 
73

Realized capital gains (losses), after-tax
 
(25
)
 
(4
)
Valuation changes on embedded derivatives not hedged, after-tax

 
12

 

DAC and DSI amortization related to realized capital gains and losses, after-tax
 
(3
)
 
(2
)
Allstate Life net income applicable to common shareholders
 
64

 
67

 
 
 
 
 
Allstate Benefits
 
 
 
 
Adjusted net income
 
24

 
31

Realized capital gains (losses), after-tax
 
(10
)
 
3

Allstate Benefits net income applicable to common shareholders
 
14

 
34

 
 
 
 
 
Allstate Annuities
 
 
 
 
Adjusted net loss
 
(139
)
 
(25
)
Realized capital gains (losses), after-tax
 
(213
)
 
124

Valuation changes on embedded derivatives not hedged, after-tax
 
2

 
(3
)
Gain on disposition of operations, after-tax
 
1

 
1

Allstate Annuities net (loss) income applicable to common shareholders
 
(349
)
 
97

 
 
 
 
 
Corporate and Other
 
 
 
 
Adjusted net loss
 
(107
)
 
(103
)
Realized capital gains (losses), after-tax
 
(17
)
 
1

Pension and other postretirement remeasurement gains (losses), after-tax
 
(251
)
 
(11
)
Corporate and Other net loss applicable to common shareholders
 
(375
)
 
(113
)
 
 
 
 
 
Consolidated net income applicable to common shareholders
 
$
513

 
$
1,261


(1) 
During the first quarter of 2020, the Company announced a Shelter-in-Place Payback of over $600 million to customers, as the significant decline in the number of auto accidents contributed favorably to the underwriting results. $210 million of this cost was accrued in first quarter 2020 and the remainder will be recognized in second quarter 2020.