Reportable Segments (Tables)

9 Months Ended

Sep. 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 September 30,				Nine months ended September 30,
($ in millions)	2022		2021		2022		2021
Underwriting income (loss) by segment
Allstate Protection	$	(1,170)	$	(421)	$	(1,749)	$	1,670
Run-off Property-Liability	(122)		(113)		(127)		(118)
Total Property-Liability	(1,292)		(534)		(1,876)		1,552

Adjusted net income (loss) by segment, after-tax
Protection Services	35		45		131		150
Allstate Health and Benefits	54		33		172		160
Corporate and Other	(104)		(95)		(322)		(330)

Reconciling items
Property-Liability net investment income	632		710		1,696		2,314
Net gains (losses) on investments and derivatives	(167)		105		(1,167)		818
Pension and other postretirement remeasurement gains (losses)	(79)		(40)		(91)		404

Business combination expenses and amortization of purchased intangibles (1)	(29)		(34)		(86)		(124)
Business combination fair value adjustment	—		—		—		6
Gain (loss) on disposition of operations	(5)		—		6		—
Income tax benefit (expense) on reconciling items	246		(14)		396		(990)
Total reconciling items	598		727		754		2,428

Income (loss) from discontinued operations	—		235		—		(3,435)
Income tax benefit from discontinued operations	—		90		—		163
Total from discontinued operations	$	—	$	325	$	—	$	(3,272)

Less: Net loss attributable to noncontrolling interest (2)	(15)		(7)		(35)		(7)

Net (loss) income applicable to common shareholders	$	(694)	$	508	$	(1,106)	$	695

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

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

Schedule of business segments revenue disclosures


Reportable segments revenue information
($ in millions)	Three months ended September 30,				Nine months ended September 30,
	2022		2021		2022		2021
Property-Liability
Insurance premiums
Auto	$	7,545	$	6,912	$	21,974	$	20,604
Homeowners	2,776		2,522		8,065		7,325
Other personal lines	540		521		1,616		1,545
Commercial lines	296		204		874		590
Allstate Protection	11,157		10,159		32,529		30,064
Run-off Property-Liability	—		—		—		—
Total Property-Liability insurance premiums	11,157		10,159		32,529		30,064
Other revenue	364		365		1,066		1,071
Net investment income	632		710		1,696		2,314
Net gains (losses) on investments and derivatives	(123)		94		(988)		763
Total Property-Liability	12,030		11,328		34,303		34,212

Protection Services
Protection plans	330		295		961		834
Roadside assistance	50		50		152		144
Finance and insurance products	124		111		362		324
Intersegment premiums and service fees (1)	39		46		118		133
Other revenue	84		85		269		263
Net investment income	13		10		34		32
Net gains (losses) on investments and derivatives	(13)		4		(56)		20
Total Protection Services	627		601		1,840		1,750

Allstate Health and Benefits
Employer voluntary benefits	257		251		780		769
Group health	96		90		285		260
Individual health	110		119		333		333
Other revenue	90		85		277		248
Net investment income	17		18		50		56
Net gains (losses) on investments and derivatives	(6)		(1)		(25)		5
Total Allstate Health and Benefits	564		562		1,700		1,671

Corporate and Other
Other revenue	23		1		72		3
Net investment income	28		26		66		44
Net gains (losses) on investments and derivatives	(25)		8		(98)		30
Total Corporate and Other	26		35		40		77

Intersegment eliminations (1)	(39)		(46)		(118)		(133)
Consolidated revenues	$	13,208	$	12,480	$	37,765	$	37,577

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