XML 119 R78.htm IDEA: XBRL DOCUMENT v3.24.0.1
Summary of Significant Accounting Policies - Schedule of Consolidated Statements of Operations (Details) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2023
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues                      
Accident and health insurance premiums and contract charges                 $ 52,516 $ 47,736 $ 44,052
Total revenues $ 14,832 $ 14,497 $ 13,979 $ 13,786 $ 13,648 $ 13,208 $ 12,219 $ 12,336 57,094 51,411 50,601
Costs and expenses                      
Accident, health and other policy benefits                 1,071 1,042 1,060
Amortization of deferred policy acquisition costs                 7,278 6,634 6,236
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
Net (loss) income                 (213) (1,342) 1,581
Net (loss) income attributable to Allstate                 (188) (1,289) 1,614
Net (loss) income applicable to common shareholders, basic 1,460 (41) (1,389) (346) (303) (685) (1,040) 634 (316) (1,394) 1,500
Net (loss) income applicable to common shareholders, diluted $ 1,460 $ (41) $ (1,389) $ (346) $ (303) $ (685) $ (1,040) $ 634 $ (316) $ (1,394) $ 1,500
Earnings per common share:                      
Net income (loss) applicable to common shareholders per common share - Basic (in dollars per share) $ 5.57 $ (0.16) $ (5.29) $ (1.31) $ (1.15) $ (2.55) $ (3.80) $ 2.28 $ (1.20) $ (5.14) $ 5.09
Net income (loss) applicable to common shareholders per common share - Diluted (in dollars per share) $ 5.52 $ (0.16) $ (5.29) $ (1.31) $ (1.15) $ (2.55) $ (3.80) $ 2.25 (1.20) (5.14) 5.01
Net income from continuing operations applicable to common shareholders per common share - Basic (in dollars per share)                 (1.20) (5.14) 17.28
Net income from continuing operations applicable to common shareholders per common share - Diluted (in dollars per share)                 $ (1.20) $ (5.14) $ 17.03
As reported                      
Revenues                      
Total revenues                   $ 51,412 $ 50,588
Costs and expenses                      
Accident, health and other policy benefits                   1,061 1,049
Amortization of deferred policy acquisition costs                   6,644 6,252
Total costs and expenses                   53,270 44,140
(Loss) income from operations before income tax expense                   (1,858) 6,448
Income tax (benefit) expense                   (494) 1,289
Net (loss) income from continuing operations                     5,159
Net (loss) income                   (1,364) 1,566
Net (loss) income attributable to Allstate                   (1,311) 1,599
Net (loss) income applicable to common shareholders, basic                   (1,416) 1,485
Net (loss) income applicable to common shareholders, diluted                   $ (1,416) $ 1,485
Earnings per common share:                      
Net income (loss) applicable to common shareholders per common share - Basic (in dollars per share)                   $ (5.22) $ 5.04
Net income (loss) applicable to common shareholders per common share - Diluted (in dollars per share)                   $ (5.22) 4.96
Net income from continuing operations applicable to common shareholders per common share - Basic (in dollars per share)                     17.23
Net income from continuing operations applicable to common shareholders per common share - Diluted (in dollars per share)                     $ 16.98
Impact of change                      
Revenues                      
Total revenues                   $ (1) $ 13
Costs and expenses                      
Accident, health and other policy benefits                   (19) 11
Amortization of deferred policy acquisition costs                   (10) (16)
Total costs and expenses                   (29) (5)
(Loss) income from operations before income tax expense                   28 18
Income tax (benefit) expense                   6 3
Net (loss) income from continuing operations                     15
Net (loss) income                   22 15
Net (loss) income attributable to Allstate                   22 15
Net (loss) income applicable to common shareholders, basic                   22 15
Net (loss) income applicable to common shareholders, diluted                   $ 22 $ 15
Earnings per common share:                      
Net income (loss) applicable to common shareholders per common share - Basic (in dollars per share)                   $ 0.08 $ 0.05
Net income (loss) applicable to common shareholders per common share - Diluted (in dollars per share)                   $ 0.08 0.05
Net income from continuing operations applicable to common shareholders per common share - Basic (in dollars per share)                     0.05
Net income from continuing operations applicable to common shareholders per common share - Diluted (in dollars per share)                     $ 0.05
Accident and health insurance premiums and contract charges                      
Revenues                      
Accident and health insurance premiums and contract charges                 $ 1,846 $ 1,832 $ 1,834
Accident and health insurance premiums and contract charges | As reported                      
Revenues                      
Accident and health insurance premiums and contract charges                   1,833 1,821
Accident and health insurance premiums and contract charges | Impact of change                      
Revenues                      
Accident and health insurance premiums and contract charges                   $ (1) $ 13