Reportable Segments (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of Reportable Segments Financial Performance

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)	2023		2022		2023		2022
Underwriting income (loss) by segment
Allstate Protection	$	(331)	$	(1,170)	$	(3,421)	$	(1,749)
Run-off Property-Liability	(83)		(122)		(88)		(127)
Total Property-Liability	(414)		(1,292)		(3,509)		(1,876)

Adjusted net income (loss) by segment, after-tax
Protection Services	27		35		102		131
Allstate Health and Benefits	69		63		182		187
Corporate and Other	(110)		(104)		(310)		(322)

Reconciling items
Property-Liability net investment income	627		632		1,680		1,696
Net gains (losses) on investments and derivatives	(86)		(167)		(223)		(1,167)
Pension and other postretirement remeasurement gains (losses)	(149)		(79)		(56)		(91)

Amortization of purchased intangibles (1)	(23)		(29)		(71)		(86)

Gain (loss) on disposition	(5)		(5)		(4)		6
Non-recurring costs (2)	—		—		(90)		—
Income tax benefit on reconciling items	25		246		501		396
Total reconciling items	389		598		1,737		754

Less: Net income (loss) attributable to noncontrolling interest (3)	2		(15)		(22)		(35)

Net loss applicable to common shareholders	$	(41)	$	(685)	$	(1,776)	$	(1,091)

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

Schedule of Reportable Segments Revenue Information


Reportable segments revenue information
($ in millions)	Three months ended September 30,				Nine months ended September 30,
	2023		2022		2023		2022
Property-Liability
Insurance premiums
Auto	$	8,345	$	7,545	$	24,374	$	21,974
Homeowners	2,969		2,642		8,662		7,698
Other personal lines	608		540		1,757		1,616
Commercial lines	194		296		628		874
Other business lines	154		134		405		367
Allstate Protection	12,270		11,157		35,826		32,529
Run-off Property-Liability	—		—		—		—
Total Property-Liability insurance premiums	12,270		11,157		35,826		32,529
Other revenue	393		364		1,135		1,066
Net investment income	627		632		1,680		1,696
Net gains (losses) on investments and derivatives	(62)		(123)		(185)		(988)
Total Property-Liability	13,228		12,030		38,456		34,303

Protection Services
Protection plans	392		330		1,126		961
Roadside assistance	51		50		148		152
Finance and insurance products	126		124		382		362
Intersegment premiums and service fees (1)	34		39		102		118
Other revenue	75		84		243		269
Net investment income	19		13		53		34
Net gains (losses) on investments and derivatives	(8)		(13)		(13)		(56)
Total Protection Services	689		627		2,041		1,840

Allstate Health and Benefits
Employer voluntary benefits	253		257		753		777
Group health	111		96		328		285
Individual health	99		110		298		334
Other revenue	104		90		306		277
Net investment income	20		17		60		50
Net gains (losses) on investments and derivatives	(2)		(6)		1		(25)
Total Allstate Health and Benefits	585		564		1,746		1,698

Corporate and Other
Other revenue	20		23		66		72
Net investment income	23		28		81		66
Net gains (losses) on investments and derivatives	(14)		(25)		(26)		(98)
Total Corporate and Other	29		26		121		40

Intersegment eliminations (1)	(34)		(39)		(102)		(118)
Consolidated revenues	$	14,497	$	13,208	$	42,262	$	37,763

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