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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues      
Accident and health insurance premiums and contract charges $ 52,516 $ 47,736 $ 44,052
Other revenue 2,400 2,344 2,172
Net investment income 2,478 2,403 3,293
Net gains (losses) on investments and derivatives (300) (1,072) 1,084
Total revenues 57,094 51,411 50,601
Costs and expenses      
Property and casualty insurance claims and claims expense 41,070 37,264 29,318
Shelter-in-Place Payback expense 0 0 29
Accident, health and other policy benefits (including remeasurement (gains) losses of $0, $(4), and $(11)) 1,071 1,042 1,060
Amortization of deferred policy acquisition costs 7,278 6,634 6,236
Operating costs and expenses 7,137 7,446 7,260
Pension and other postretirement remeasurement (gains) losses 9 116 (644)
Restructuring and related charges 169 51 170
Amortization of purchased intangibles 329 353 376
Interest expense 379 335 330
Total costs and expenses 57,442 53,241 44,135
(Loss) income from operations before income tax expense (348) (1,830) 6,466
Income tax (benefit) expense (135) (488) 1,292
Net (loss) income from continuing operations (213) (1,342) 5,174
Loss from discontinued operations, net of tax 0 0 (3,593)
Net (loss) income (213) (1,342) 1,581
Less: Net loss attributable to noncontrolling interest (25) (53) (33)
Net (loss) income attributable to Allstate (188) (1,289) 1,614
Less: Preferred stock dividends 128 105 114
Net (loss) income applicable to common shareholders, basic (316) (1,394) 1,500
Net (loss) income applicable to common shareholders, diluted $ (316) $ (1,394) $ 1,500
Basic      
Continuing operations (in dollars per share) $ (1.20) $ (5.14) $ 17.28
Discontinued operations (in dollars per share) 0 0 (12.19)
Total (in dollars per share) (1.20) (5.14) 5.09
Diluted      
Continuing operations (in dollars per share) (1.20) (5.14) 17.03
Discontinued operations (in dollars per share) 0 0 (12.02)
Total (in dollars per share) $ (1.20) $ (5.14) $ 5.01
Weighted average common shares - Basic (in shares) 262.5 271.2 294.8
Weighted average common shares - Diluted (in shares) 262.5 271.2 299.1
Property and casualty insurance premiums      
Revenues      
Accident and health insurance premiums and contract charges $ 50,670 $ 45,904 $ 42,218
Accident and health insurance premiums and contract charges      
Revenues      
Accident and health insurance premiums and contract charges $ 1,846 $ 1,832 $ 1,834