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Condensed Consolidated Statements of Operations (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues        
Other revenue $ 592 $ 561 $ 1,750 $ 1,684
Net investment income 689 690 1,874 1,846
Net gains (losses) on investments and derivatives (86) (167) (223) (1,167)
Total revenues 14,497 13,208 42,262 37,763
Costs and expenses        
Property and casualty insurance claims and claims expense 10,237 10,073 32,290 27,262
Accident, health and other policy benefits (including remeasurement (gains) losses of $0, $(4), $0 and $(4)) 262 252 785 785
Amortization of deferred policy acquisition costs 1,841 1,683 5,374 4,909
Operating costs and expenses 1,771 1,842 5,273 5,594
Pension and other postretirement remeasurement (gains) losses 149 79 56 91
Restructuring and related charges 87 14 141 27
Amortization of purchased intangibles 83 90 246 264
Interest expense 88 85 272 251
Total costs and expenses 14,518 14,118 44,437 39,183
Loss from operations before income tax expense (21) (910) (2,175) (1,420)
Income tax benefit (17) (236) (475) (374)
Net loss (4) (674) (1,700) (1,046)
Less: Net income (loss) attributable to noncontrolling interest 1 (15) (23) (34)
Net loss attributable to Allstate (5) (659) (1,677) (1,012)
Less: Preferred stock dividends 36 26 99 79
Net loss applicable to common shareholders, basic (41) (685) (1,776) (1,091)
Net loss applicable to common shareholders, diluted $ (41) $ (685) $ (1,776) $ (1,091)
Earnings per common share:        
Net loss applicable to common shareholders per common share - Basic (in dollars per share) $ (0.16) $ (2.55) $ (6.76) $ (3.99)
Weighted average common shares - Basic (in shares) 261.8 268.7 262.6 273.5
Net loss applicable to common shareholders per common share - Diluted (in dollars per share) $ (0.16) $ (2.55) $ (6.76) $ (3.99)
Weighted average common shares - Diluted (in shares) 261.8 268.7 262.6 273.5
Property and casualty insurance premiums        
Revenues        
Insurance premiums and contract charges $ 12,839 $ 11,661 $ 37,482 $ 34,004
Accident and health insurance premiums and contract charges        
Revenues        
Insurance premiums and contract charges $ 463 $ 463 $ 1,379 $ 1,396