XML 121 R80.htm IDEA: XBRL DOCUMENT v3.24.0.1
Summary of Significant Accounting Policies - Schedule of Consolidated Statements of Financial Position (Details) - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Assets        
Deferred policy acquisition costs $ 5,940 $ 5,442 $ 4,738 $ 3,776
Reinsurance and indemnification recoverables, net 8,809 9,619    
Deferred income taxes 219 382    
Other assets, net 6,051 5,904    
Total assets 103,362 97,989    
Liabilities        
Reserve for future policy benefits 1,347 1,322    
Contractholder funds 888 879 890 857
Unearned premiums 24,709 22,299    
Total liabilities 85,732 80,626    
Equity        
Retained income 49,716 50,970    
Accumulated other comprehensive income:        
Unrealized net capital gains and losses (604) (2,255)    
Discount rate for reserve for future policy benefits (11) (1)    
Total accumulated other comprehensive loss (700) (2,392)    
Total Allstate shareholders’ equity 17,770 17,488 24,944  
Total equity 17,630 17,363 24,892 $ (298)
Total liabilities and equity $ 103,362 97,989    
As reported        
Assets        
Deferred policy acquisition costs   5,418    
Reinsurance and indemnification recoverables, net   9,606    
Deferred income taxes   386    
Other assets, net   5,905    
Total assets   97,957    
Liabilities        
Reserve for future policy benefits   1,273    
Contractholder funds   897    
Unearned premiums   22,311    
Total liabilities   80,607    
Equity        
Retained income   50,954    
Accumulated other comprehensive income:        
Unrealized net capital gains and losses   (2,253)    
Discount rate for reserve for future policy benefits   0    
Total accumulated other comprehensive loss   (2,389)    
Total Allstate shareholders’ equity   17,475 25,179  
Total equity   17,350 25,127  
Total liabilities and equity   97,957    
Impact of change        
Assets        
Deferred policy acquisition costs   24    
Reinsurance and indemnification recoverables, net   13    
Deferred income taxes   (4)    
Other assets, net   (1)    
Total assets   32    
Liabilities        
Reserve for future policy benefits   49    
Contractholder funds   (18)    
Unearned premiums   (12)    
Total liabilities   19    
Equity        
Retained income   16    
Accumulated other comprehensive income:        
Unrealized net capital gains and losses   (2)    
Discount rate for reserve for future policy benefits   (1)    
Total accumulated other comprehensive loss   (3)    
Total Allstate shareholders’ equity   13 (235)  
Total equity   13 $ (235)  
Total liabilities and equity   $ 32