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Condensed Consolidated Statements of Operations (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues        
Net investment income $ 764 $ 464 $ 2,446 $ 930
Realized capital gains (losses) 105 319 818 597
Total revenues 12,480 10,678 37,577 30,947
Costs and expenses        
Property and casualty insurance claims and claims expense 8,264 6,072 21,514 16,635
Shelter-in-Place Payback expense 0 0 29 948
Accident and health insurance policy benefits 269 128 746 392
Interest credited to contractholder funds 8 8 25 26
Amortization of deferred policy acquisition costs 1,582 1,386 4,650 4,095
Operating costs and expenses 1,890 1,322 5,304 4,054
Pension and other postretirement remeasurement (gains) losses 40 (71) (404) 320
Restructuring and related charges 23 196 145 213
Amortization of purchased intangibles 109 31 267 88
Interest expense 69 78 246 238
Total costs and expenses 12,254 9,150 32,522 27,009
Income from operations before income tax expense 226 1,528 5,055 3,938
Income tax expense 20 312 1,008 779
Net income from continuing operations 206 1,216 4,047 3,159
Income (loss) from discontinued operations, net of tax 325 (63) (3,272) (207)
Net income 531 1,153 775 2,952
Less: Net loss attributable to noncontrolling interest (7) 0 (7) 0
Net income attributable to Allstate 538 1,153 782 2,952
Less: Preferred stock dividends 30 27 87 89
Net income applicable to common shareholders $ 508 $ 1,126 $ 695 $ 2,863
Basic        
Earnings per common share - Continuing operations basic (in dollars per share) $ 0.62 $ 3.82 $ 13.31 $ 9.77
Earnings per common share - Discontinued operations basic (in dollars per share) 1.11 (0.20) (10.98) (0.66)
Earnings per common share - Basic (in dollars per share) 1.73 3.62 2.33 9.11
Diluted        
Earnings per common share - Continuing operations diluted (in dollars per share) 0.62 3.78 13.11 9.66
Earnings per common share - Discontinued operations diluted (in dollars per share) 1.09 (0.20) (10.81) (0.65)
Earnings per common share - Diluted (in dollars per share) $ 1.71 $ 3.58 $ 2.30 $ 9.01
Weighted average common shares - Basic (in shares) 293.1 311.2 298.1 314.1
Weighted average common shares - Diluted (in shares) 297.9 314.1 302.6 317.9
Property and casualty insurance premiums        
Revenues        
Property and casualty insurance premiums $ 10,615 $ 9,336 $ 31,366 $ 27,794
Accident and health insurance premiums and contract charges        
Revenues        
Insurance premiums, commissions and fees 460 287 1,362 832
Other revenue        
Revenues        
Insurance premiums, commissions and fees $ 536 $ 272 $ 1,585 $ 794