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Condensed Consolidated Statements of Operations (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Net investment income $ 562 $ 974 $ 1,156 $ 1,682
Net gains (losses) on investments and derivatives (733) 287 (1,000) 713
Total revenues 12,220 12,646 24,557 25,097
Costs and expenses        
Property and casualty insurance claims and claims expense 9,367 7,207 17,189 13,250
Shelter-in-Place Payback expense 0 29 0 29
Accident, health and other policy benefits 269 252 538 494
Amortization of deferred policy acquisition costs 1,619 1,545 3,231 3,068
Operating costs and expenses 1,850 1,683 3,752 3,414
Pension and other postretirement remeasurement (gains) losses 259 (134) 12 (444)
Restructuring and related charges 1 71 13 122
Amortization of purchased intangibles 87 105 174 158
Interest expense 83 91 166 177
Total costs and expenses 13,535 10,849 25,075 20,268
(Loss) income from operations before income tax expense (1,315) 1,797 (518) 4,829
Income tax (benefit) expense (291) 362 (140) 988
Net (loss) income from continuing operations (1,024) 1,435 (378) 3,841
Income (loss) from discontinued operations, net of tax 0 196 0 (3,597)
Net (loss) income (1,024) 1,631 (378) 244
Less: Net (loss) income attributable to noncontrolling interest (9) 6 (19) 0
Net (loss) income attributable to Allstate (1,015) 1,625 (359) 244
Less: Preferred stock dividends 27 30 53 57
Net (loss) income applicable to common shareholders $ (1,042) $ 1,595 $ (412) $ 187
Basic        
Continuing operations (in dollars per share) $ (3.81) $ 4.68 $ (1.49) $ 12.59
Discontinued operations (in dollars per share) 0 0.66 0 (11.97)
Earnings per common share applicable to common shareholders - Basic (in dollars per share) (3.81) 5.34 (1.49) 0.62
Diluted        
Continuing operations (in dollars per share) (3.81) 4.61 (1.49) 12.41
Discontinued operations (in dollars per share) 0 0.65 0 (11.80)
Earnings per common share applicable to common shareholders - Diluted (in dollars per share) $ (3.81) $ 5.26 $ (1.49) $ 0.61
Weighted average common shares - Basic (in shares) 273.8 298.8 275.9 300.6
Weighted average common shares - Diluted (in shares) 273.8 303.3 275.9 304.9
Property and casualty insurance premiums        
Revenues        
Property and casualty insurance premiums $ 11,362 $ 10,444 $ 22,343 $ 20,751
Accident and health insurance premiums and contract charges        
Revenues        
Insurance premiums, commissions and fees 466 447 935 902
Other revenue        
Revenues        
Insurance premiums, commissions and fees $ 563 $ 494 $ 1,123 $ 1,049