Reportable Segments (Tables)

6 Months Ended

Jun. 30, 2023

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)	2023		2022		2023		2022
Underwriting income (loss) by segment
Allstate Protection	$	(2,092)	$	(861)	$	(3,090)	$	(579)
Run-off Property-Liability	(2)		(3)		(5)		(5)
Total Property-Liability	(2,094)		(864)		(3,095)		(584)

Adjusted net income (loss) by segment, after-tax
Protection Services	41		43		75		96
Allstate Health and Benefits	57		67		113		124
Corporate and Other	(111)		(107)		(200)		(218)

Reconciling items
Property-Liability net investment income	544		506		1,053		1,064
Net gains (losses) on investments and derivatives	(151)		(733)		(137)		(1,000)
Pension and other postretirement remeasurement gains (losses)	40		(259)		93		(12)

Amortization of purchased intangibles (1)	(24)		(28)		(48)		(57)

Gain (loss) on disposition	(8)		27		1		11
Non-recurring costs (2)	(90)		—		(90)		—
Income tax benefit on reconciling items	384		298		476		150
Total reconciling items	695		(189)		1,348		156

Less: Net loss attributable to noncontrolling interest (3)	(23)		(10)		(24)		(20)

Net loss applicable to common shareholders	$	(1,389)	$	(1,040)	$	(1,735)	$	(406)

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

(2)Relates to settlement costs for non-recurring litigation that is outside of the ordinary course of business. See Note 14 for additional details.

(3)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 June 30,				Six months ended June 30,
	2023		2022		2023		2022
Property-Liability
Insurance premiums
Auto	$	8,121	$	7,348	$	16,029	$	14,429
Homeowners	2,883		2,566		5,693		5,056
Other personal lines	587		545		1,149		1,076
Commercial lines	202		295		434		578
Other business lines	128		120		251		233
Allstate Protection	11,921		10,874		23,556		21,372
Run-off Property-Liability	—		—		—		—
Total Property-Liability insurance premiums	11,921		10,874		23,556		21,372
Other revenue	389		355		742		702
Net investment income	544		506		1,053		1,064
Net gains (losses) on investments and derivatives	(135)		(662)		(123)		(865)
Total Property-Liability	12,719		11,073		25,228		22,273

Protection Services
Protection plans	373		318		734		631
Roadside assistance	48		49		97		102
Finance and insurance products	128		121		256		238
Intersegment premiums and service fees (1)	35		38		68		79
Other revenue	84		91		168		185
Net investment income	18		12		34		21
Net gains (losses) on investments and derivatives	(4)		(30)		(5)		(43)
Total Protection Services	682		599		1,352		1,213

Allstate Health and Benefits
Employer voluntary benefits	245		257		500		520
Group health	110		95		217		189
Individual health	98		113		199		224
Other revenue	101		92		202		187
Net investment income	21		16		40		33
Net gains (losses) on investments and derivatives	1		(12)		3		(19)
Total Allstate Health and Benefits	576		561		1,161		1,134

Corporate and Other
Other revenue	23		25		46		49
Net investment income	27		28		58		38
Net gains (losses) on investments and derivatives	(13)		(29)		(12)		(73)
Total Corporate and Other	37		24		92		14

Intersegment eliminations (1)	(35)		(38)		(68)		(79)
Consolidated revenues	$	13,979	$	12,219	$	27,765	$	24,555

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