Reporting Segments (Tables)

12 Months Ended

Dec. 31, 2012

Reporting Segments

Schedule of business segments revenue disclosures

($ in millions)	2012			2011			2010
Revenues
Property-Liability
Property-liability insurance premiums
Standard auto	$	17,213		$	16,500		$	16,530
Non-standard auto		715			799			905
Total auto		17,928			17,299			17,435
Homeowners		6,359			6,200			6,078
Other personal lines		2,450			2,443			2,442
Allstate Protection		26,737			25,942			25,955
Discontinued Lines and Coverages		—			—			2
Total property-liability insurance premiums		26,737			25,942			25,957
Net investment income		1,326			1,201			1,189
Realized capital gains and losses		335			85			(321	)
Total Property-Liability		28,398			27,228			26,825
Allstate Financial
Life and annuity premiums and contract charges
Traditional life insurance		470			441			420
Immediate annuities with life contingencies		45			106			97
Accident and health insurance		653			643			621
Total life and annuity premiums		1,168			1,190			1,138
Interest-sensitive life insurance		1,055			1,015			991
Fixed annuities		18			33			39
Total contract charges		1,073			1,048			1,030
Total life and annuity premiums and contract charges		2,241			2,238			2,168
Net investment income		2,647			2,716			2,853
Realized capital gains and losses		(13	)		388			(517	)
Total Allstate Financial		4,875			5,342			4,504
Corporate and Other
Service fees		4			7			11
Net investment income		37			54			60
Realized capital gains and losses		5			30			11
Total Corporate and Other before reclassification of service fees		46			91			82
Reclassification of service fees (1)		(4	)		(7	)		(11	)
Total Corporate and Other		42			84			71
Consolidated revenues	$	33,315		$	32,654		$	31,400

(1)

For presentation in the Consolidated Statements of Operations, service fees of the Corporate and Other segment are reclassified to operating costs and expenses.

Schedule of business segments net income disclosures

($ in millions)	2012			2011			2010
Net income
Property-Liability
Underwriting income (loss)
Allstate Protection	$	1,253		$	(857	)	$	525
Discontinued Lines and Coverages		(53	)		(25	)		(31	)
Total underwriting income (loss)		1,200			(882	)		494
Net investment income		1,326			1,201			1,189
Income tax (expense) benefit on operations		(779	)		30			(426	)
Realized capital gains and losses, after-tax		221			54			(207	)
Gain on disposition of operations, after-tax		—			—			3
Property-Liability net income		1,968			403			1,053
Allstate Financial
Life and annuity premiums and contract charges		2,241			2,238			2,168
Net investment income		2,647			2,716			2,853
Periodic settlements and accruals on non-hedge derivative instruments		55			70			51
Contract benefits and interest credited to contractholder funds		(3,252	)		(3,378	)		(3,613	)
Operating costs and expenses and amortization of deferred policy acquisition costs		(926	)		(898	)		(804	)
Restructuring and related charges		—			(1	)		3
Income tax expense on operations		(236	)		(240	)		(214	)
Operating income		529			507			444
Realized capital gains and losses, after-tax		(8	)		250			(337	)
Valuation changes on embedded derivatives that are not hedged, after-tax		82			(12	)		—
DAC and DSI amortization related to realized capital gains and losses and valuation changes on embedded derivatives that are not hedged, after-tax		(42	)		(108	)		(29	)
DAC and DSI unlocking related to realized capital gains and losses, after-tax		4			3			(12	)
Reclassification of periodic settlements and accruals on non-hedge derivative instruments, after-tax		(36	)		(45	)		(33	)
Gain (loss) on disposition of operations, after-tax		12			(5	)		9
Allstate Financial net income		541			590			42
Corporate and Other
Service fees (1)		4			7			11
Net investment income		37			54			60
Operating costs and expenses (1)		(383	)		(403	)		(390	)
Income tax benefit on operations		136			126			128
Operating loss		(206	)		(216	)		(191	)
Realized capital gains and losses, after-tax		3			20			7
Business combination expenses, after-tax		—			(10	)		—
Corporate and Other net loss		(203	)		(206	)		(184	)
Consolidated net income	$	2,306		$	787		$	911

(1)

For presentation in the Consolidated Statements of Operations, service fees of the Corporate and Other segment are reclassified to operating costs and expenses.

Additional significant financial performance data

($ in millions)	2012			2011			2010
Amortization of DAC
Property-Liability	$	3,483		$	3,477		$	3,517
Allstate Financial		401			494			290
Consolidated	$	3,884		$	3,971		$	3,807
Income tax expense
Property-Liability	$	893		$	1		$	314
Allstate Financial		241			289			(1	)
Corporate and Other		(134	)		(118	)		(124	)
Consolidated	$	1,000		$	172		$	189

Summarized data for total assets and investments

($ in millions)	2012		2011		2010
Assets
Property-Liability	$	52,201	$	49,791	$	47,536
Allstate Financial		72,368		72,526		78,732
Corporate and Other		2,378		2,876		4,232
Consolidated	$	126,947	$	125,193	$	130,500
Investments
Property-Liability	$	38,215	$	35,998	$	35,048
Allstate Financial		56,999		57,373		61,582
Corporate and Other		2,064		2,247		3,853
Consolidated	$	97,278	$	95,618	$	100,483