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Condensed Consolidated Statements of Operations (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Net investment income $ 690 $ 764 $ 1,846 $ 2,446
Net gains (losses) on investments and derivatives (167) 105 (1,167) 818
Total revenues 13,208 12,480 37,765 37,577
Costs and expenses        
Property and casualty insurance claims and claims expense 10,073 8,264 27,262 21,514
Shelter-in-Place Payback expense 0 0 0 29
Accident, health and other policy benefits 263 277 801 771
Amortization of deferred policy acquisition costs 1,682 1,582 4,913 4,650
Operating costs and expenses 1,842 1,890 5,594 5,304
Pension and other postretirement remeasurement (gains) losses 79 40 91 (404)
Restructuring and related charges 14 23 27 145
Amortization of purchased intangibles 90 109 264 267
Interest expense 85 69 251 246
Total costs and expenses 14,128 12,254 39,203 32,522
(Loss) income from operations before income tax expense (920) 226 (1,438) 5,055
Income tax (benefit) expense (237) 20 (377) 1,008
Net (loss) income from continuing operations (683) 206 (1,061) 4,047
Income (loss) from discontinued operations, net of tax 0 325 0 (3,272)
Net (loss) income (683) 531 (1,061) 775
Less: Net loss attributable to noncontrolling interest (15) (7) (34) (7)
Net (loss) income attributable to Allstate (668) 538 (1,027) 782
Less: Preferred stock dividends 26 30 79 87
Net (loss) income applicable to common shareholders $ (694) $ 508 $ (1,106) $ 695
Basic        
Continuing operations (in dollars per share) $ (2.58) $ 0.62 $ (4.04) $ 13.31
Discontinued operations (in dollars per share) 0 1.11 0 (10.98)
Earnings per common share applicable to common shareholders - Basic (in dollars per share) (2.58) 1.73 (4.04) 2.33
Diluted        
Continuing operations (in dollars per share) (2.58) 0.62 (4.04) 13.11
Discontinued operations (in dollars per share) 0 1.09 0 (10.81)
Earnings per common share applicable to common shareholders - Diluted (in dollars per share) $ (2.58) $ 1.71 $ (4.04) $ 2.30
Weighted average common shares - Basic (in shares) 268.7 293.1 273.5 298.1
Weighted average common shares - Diluted (in shares) 268.7 297.9 273.5 302.6
Property and casualty insurance premiums        
Revenues        
Property and casualty insurance premiums $ 11,661 $ 10,615 $ 34,004 $ 31,366
Accident and health insurance premiums and contract charges        
Revenues        
Insurance premiums, commissions and fees 463 460 1,398 1,362
Other revenue        
Revenues        
Insurance premiums, commissions and fees $ 561 $ 536 $ 1,684 $ 1,585