Reportable Segments (Tables)

6 Months Ended

Jun. 30, 2022

Schedule of business segments net income disclosures

A reconciliation of these measures to net income (loss) applicable to common shareholders is provided below.


Reportable segments financial performance
	Three months ended June 30,				Six months ended June 30,
($ in millions)	2022		2021		2022		2021
Underwriting income (loss) by segment
Allstate Protection	$	(861)	$	431	$	(579)	$	2,091
Run-off Property-Liability	(3)		(2)		(5)		(5)
Total Property-Liability	(864)		429		(584)		2,086

Adjusted net income (loss) by segment, after-tax
Protection Services	43		56		96		105
Allstate Health and Benefits	65		62		118		127
Corporate and Other	(107)		(112)		(218)		(235)

Reconciling items
Property-Liability net investment income	506		931		1,064		1,604
Net gains (losses) on investments and derivatives	(733)		287		(1,000)		713
Pension and other postretirement remeasurement gains (losses)	(259)		134		(12)		444

Business combination expenses and amortization of purchased intangibles (1)	(28)		(34)		(57)		(90)
Business combination fair value adjustment	—		6		—		6
Gain (loss) on disposition of operations	27		—		11		—
Income tax benefit (expense) on reconciling items	298		(354)		150		(976)
Total reconciling items	(189)		970		156		1,701

Income (loss) from discontinued operations	—		493		—		(3,670)
Income tax benefit (expense) from discontinued operations	—		(297)		—		73
Total from discontinued operations	$	—	$	196	$	—	$	(3,597)

Less: Net (loss) income attributable to noncontrolling interest (2)	(10)		6		(20)		—

Net (loss) income applicable to common shareholders	$	(1,042)	$	1,595	$	(412)	$	187

(1)Excludes amortization of purchased intangibles in Property-Liability, which is included above in underwriting income.

(2)Reflects net (loss) income attributable to noncontrolling interest in Property-Liability.

Schedule of business segments revenue disclosures


Reportable segments revenue information
($ in millions)	Three months ended June 30,				Six months ended June 30,
	2022		2021		2022		2021
Property-Liability
Insurance premiums
Auto	$	7,348	$	6,883	$	14,429	$	13,692
Homeowners	2,686		2,411		5,289		4,803
Other personal lines	545		519		1,076		1,024
Commercial lines	295		196		578		386
Allstate Protection	10,874		10,009		21,372		19,905
Run-off Property-Liability	—		—		—		—
Total Property-Liability insurance premiums	10,874		10,009		21,372		19,905
Other revenue	355		321		702		706
Net investment income	506		931		1,064		1,604
Net gains (losses) on investments and derivatives	(662)		265		(865)		669
Total Property-Liability	11,073		11,526		22,273		22,884

Protection Services
Protection plans	318		279		631		539
Roadside assistance	49		47		102		94
Finance and insurance products	121		109		238		213
Intersegment premiums and service fees (1)	38		46		79		87
Other revenue	91		88		185		178
Net investment income	12		12		21		22
Net gains (losses) on investments and derivatives	(30)		6		(43)		16
Total Protection Services	599		587		1,213		1,149

Allstate Health and Benefits
Employer voluntary benefits	257		255		523		518
Group health	95		87		189		170
Individual health	114		105		223		214
Other revenue	92		83		187		163
Net investment income	16		19		33		38
Net gains (losses) on investments and derivatives	(12)		4		(19)		6
Total Allstate Health and Benefits	562		553		1,136		1,109

Corporate and Other
Other revenue	25		2		49		2
Net investment income	28		12		38		18
Net gains (losses) on investments and derivatives	(29)		12		(73)		22
Total Corporate and Other	24		26		14		42

Intersegment eliminations (1)	(38)		(46)		(79)		(87)
Consolidated revenues	$	12,220	$	12,646	$	24,557	$	25,097

(1)Intersegment insurance premiums and service fees are primarily related to Arity and Allstate Roadside and are eliminated in the condensed consolidated financial statements.