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Condensed Consolidated Statements of Shareholders’ Equity (unaudited) - USD ($)
$ in Millions
Total
Preferred Stock
Preferred stock additional capital paid-in
Common stock par value
Common stock additional capital paid-in
Retained income
Retained income
Cumulative effect of change in accounting principle
Treasury stock
Accumulated other comprehensive income (loss)
Noncontrolling Interest
Increase (decrease) in equity                    
Total equity     $ 2,248   $ 3,463 $ 48,074 $ (88) $ (29,746) $ 1,950 $ 0
Balance, beginning of period at Dec. 31, 2019     2,248   3,463 48,074 (88) (29,746) 1,950 0
Increase (decrease) in equity                    
Acquisition     0             0
Preferred stock redemption     (278)              
Forward contract on accelerated share repurchase agreement         75          
Equity incentive plans activity         3          
Net income $ 1,799         1,799       0
Dividends on common stock (declared per share of $0.81, $0.54, $1.62 and $1.08)           (343)        
Dividends on preferred stock           (62)        
Shares acquired               (902)    
Shares reissued under equity incentive plans, net               106    
Change in unrealized net capital gains and losses 715               715 0
Change in unrealized foreign currency translation adjustments (30)               (30)  
Change in unamortized pension and other postretirement prior service credit (7)               (7)  
Balance, end of period at Jun. 30, 2020 26,986 $ 0 1,970 $ 9 3,541 49,380   (30,542) 2,628 0
Increase (decrease) in equity                    
Total equity     1,970   3,519 48,326 0 (30,209) 558 0
Balance, beginning of period at Mar. 31, 2020     1,970   3,519 48,326 0 (30,209) 558 0
Increase (decrease) in equity                    
Acquisition     0             0
Preferred stock redemption     0              
Forward contract on accelerated share repurchase agreement         0          
Equity incentive plans activity         22          
Net income 1,250         1,250       0
Dividends on common stock (declared per share of $0.81, $0.54, $1.62 and $1.08)           (170)        
Dividends on preferred stock           (26)        
Shares acquired               (391)    
Shares reissued under equity incentive plans, net               58    
Change in unrealized net capital gains and losses 2,072               2,072 0
Change in unrealized foreign currency translation adjustments 9               9  
Change in unamortized pension and other postretirement prior service credit (11)               (11)  
Balance, end of period at Jun. 30, 2020 26,986 0 1,970 9 3,541 49,380   (30,542) 2,628 0
Increase (decrease) in equity                    
Total Allstate shareholders’ equity 26,986                  
Total equity 26,986 0 1,970 9 3,541 49,380   (30,542) 2,628 0
Total Allstate shareholders’ equity 30,217                  
Total equity 30,217   1,970   3,498 52,767 0 (31,331) 3,304 0
Balance, beginning of period at Dec. 31, 2020 30,217   1,970   3,498 52,767 0 (31,331) 3,304 0
Increase (decrease) in equity                    
Acquisition     450             (14)
Preferred stock redemption     (250)              
Forward contract on accelerated share repurchase agreement         113          
Equity incentive plans activity         57          
Net income 244         244       0
Dividends on common stock (declared per share of $0.81, $0.54, $1.62 and $1.08)           (490)        
Dividends on preferred stock           (57)        
Shares acquired               (1,163)    
Shares reissued under equity incentive plans, net               100    
Change in unrealized net capital gains and losses (1,016)               (1,016) (1)
Change in unrealized foreign currency translation adjustments 31               31  
Change in unamortized pension and other postretirement prior service credit (29)               (29)  
Balance, end of period at Jun. 30, 2021 28,192 0 2,170 9 3,668 52,464   (32,394) 2,290 (15)
Increase (decrease) in equity                    
Total equity     2,170   3,596 51,107 0 (31,886) 1,823 (27)
Balance, beginning of period at Mar. 31, 2021     2,170   3,596 51,107 $ 0 (31,886) 1,823 (27)
Increase (decrease) in equity                    
Acquisition     0             7
Preferred stock redemption     0              
Forward contract on accelerated share repurchase agreement         0          
Equity incentive plans activity         72          
Net income 1,631         1,631       6
Dividends on common stock (declared per share of $0.81, $0.54, $1.62 and $1.08)           (244)        
Dividends on preferred stock           (30)        
Shares acquired               (562)    
Shares reissued under equity incentive plans, net               54    
Change in unrealized net capital gains and losses 484               484 (1)
Change in unrealized foreign currency translation adjustments (3)               (3)  
Change in unamortized pension and other postretirement prior service credit (14)               (14)  
Balance, end of period at Jun. 30, 2021 28,192 0 2,170 9 3,668 52,464   (32,394) 2,290 (15)
Increase (decrease) in equity                    
Total Allstate shareholders’ equity 28,207                  
Total equity $ 28,192 $ 0 $ 2,170 $ 9 $ 3,668 $ 52,464   $ (32,394) $ 2,290 $ (15)