XML 20 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Operations (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues        
Net investment income $ 974 $ 220 $ 1,682 $ 466
Realized capital gains (losses) 287 440 713 278
Total revenues 12,646 10,403 25,097 20,269
Costs and expenses        
Property and casualty insurance claims and claims expense 7,207 5,222 13,250 10,563
Shelter-in-Place Payback expense 29 738 29 948
Accident and health insurance policy benefits 244 123 477 264
Interest credited to contractholder funds 8 9 17 18
Amortization of deferred policy acquisition costs 1,545 1,344 3,068 2,709
Operating costs and expenses 1,683 1,394 3,414 2,732
Pension and other postretirement remeasurement (gains) losses (134) 73 (444) 391
Restructuring and related charges 71 13 122 17
Amortization of purchased intangibles 105 29 158 57
Interest expense 91 79 177 160
Total costs and expenses 10,849 9,024 20,268 17,859
Income from operations before income tax expense 1,797 1,379 4,829 2,410
Income tax expense 362 273 988 467
Net income from continuing operations 1,435 1,106 3,841 1,943
Income (loss) from discontinued operations, net of tax 196 144 (3,597) (144)
Net income 1,631 1,250 244 1,799
Less: Net income attributable to noncontrolling interest 6 0 0 0
Net income attributable to Allstate 1,625 1,250 244 1,799
Less: Preferred stock dividends 30 26 57 62
Net income applicable to common shareholders $ 1,595 $ 1,224 $ 187 $ 1,737
Basic        
Earnings per common share - Continuing operations basic (in dollars per share) $ 4.68 $ 3.44 $ 12.59 $ 5.96
Earnings per common share - Discontinued operations basic (in dollars per share) 0.66 0.46 (11.97) (0.46)
Earnings per common share - Basic (in dollars per share) 5.34 3.90 0.62 5.50
Diluted        
Earnings per common share - Continuing operations diluted (in dollars per share) 4.61 3.41 12.41 5.88
Earnings per common share - Discontinued operations diluted (in dollars per share) 0.65 0.45 (11.80) (0.45)
Earnings per common share - Diluted (in dollars per share) $ 5.26 $ 3.86 $ 0.61 $ 5.43
Weighted average common shares - Basic (in shares) 298.8 313.7 300.6 315.6
Weighted average common shares - Diluted (in shares) 303.3 317.0 304.9 319.8
Property and casualty insurance premiums        
Revenues        
Property and casualty insurance premiums $ 10,444 $ 9,223 $ 20,751 $ 18,458
Accident and health insurance premiums and contract charges        
Revenues        
Insurance premiums, commissions and fees 447 263 902 545
Other revenue        
Revenues        
Insurance premiums, commissions and fees $ 494 $ 257 $ 1,049 $ 522