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Reporting Segments (Tables)
 12 Months Ended
Dec. 31, 2014
Reporting Segments  
Schedule of business segments revenue disclosures

 

 

($ in millions)
   2014   2013   2012  

Revenues

                    

Property-Liability

                    

Property-liability insurance premiums

                    

Auto

   $ 19,344   $ 18,449   $ 17,928  

Homeowners

     6,904     6,613     6,359  

Other personal lines

     1,662     1,629     1,594  

Commercial lines

     476     456     462  

Other business lines

     542     471     394  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Allstate Protection

     28,928     27,618     26,737  

Discontinued Lines and Coverages

     1     —     —  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total property-liability insurance premiums

     28,929     27,618     26,737  

Net investment income

     1,301     1,375     1,326  

Realized capital gains and losses

     549     519     335  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total Property-Liability

     30,779     29,512     28,398  

Allstate Financial

    
 		    
 		    
 		  

Life and annuity premiums and contract charges

                    

Traditional life insurance

     511     491     470  

Immediate annuities with life contingencies

     4     37     45  

Accident and health insurance

     744     720     653  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total life and annuity premiums

     1,259     1,248     1,168  

Interest-sensitive life insurance

     879     1,086     1,055  

Fixed annuities

     19     18     18  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total contract charges

     898     1,104     1,073  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total life and annuity premiums and contract charges

     2,157     2,352     2,241  

Net investment income

     2,131     2,538     2,647  

Realized capital gains and losses

     144     74     (13 )
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total Allstate Financial

     4,432     4,964     4,875  

Corporate and Other

    
 		    
 		    
 		  

Service fees

     5     9     4  

Net investment income

     27     30     37  

Realized capital gains and losses

     1     1     5  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total Corporate and Other before reclassification of service fees

     33     40     46  

Reclassification of service fees (1)

     (5 )   (9 )   (4 )
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total Corporate and Other

     28     31     42  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Consolidated revenues

   $ 35,239   $ 34,507   $ 33,315  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
(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)
   2014   2013   2012  

Net income

                    

Property-Liability

                    

Underwriting income

                    

Allstate Protection

   $ 1,887   $ 2,361   $ 1,253  

Discontinued Lines and Coverages

     (115 )   (143 )   (53 )
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total underwriting income

     1,772     2,218     1,200  

Net investment income

     1,301     1,375     1,326  

Income tax expense on operations

     (1,040 )   (1,177 )   (779 )

Realized capital gains and losses, after-tax

     357     339     221  

Gain (loss) on disposition of operations, after-tax           

     37     (1 )   —  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Property-Liability net income available to common shareholders

     2,427     2,754     1,968  

Allstate Financial

    
 		    
 		    
 		  

Life and annuity premiums and contract charges

     2,157     2,352     2,241  

Net investment income

     2,131     2,538     2,647  

Periodic settlements and accruals on non-hedge derivative instruments

     (1 )   17     55  

Contract benefits and interest credited to contractholder funds

     (2,663 )   (3,171 )   (3,252 )

Operating costs and expenses and amortization of deferred policy acquisition costs

     (721 )   (895 )   (926 )

Restructuring and related charges

     (2 )   (7 )   —  

Income tax expense on operations

     (294 )   (246 )   (236 )
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Operating income

     607     588     529  

Realized capital gains and losses, after-tax

     94     46     (8 )

Valuation changes on embedded derivatives that are not hedged, after-tax

     (15 )   (16 )   82  

DAC and DSI amortization related to realized capital gains and losses and valuation changes on embedded derivatives that are not hedged, after-tax

     (3 )   (5 )   (42 )

DAC and DSI unlocking related to realized capital gains and losses, after-tax

     —     7     4  

Reclassification of periodic settlements and accruals on non-hedge derivative instruments, after-tax

     1     (11 )   (36 )

Loss on disposition of operations, after-tax

     (53 )   (514 )   12  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Allstate Financial net income available to common shareholders

     631     95     541  

Corporate and Other

    
 		    
 		    
 		  

Service fees (1)

     5     9     4  

Net investment income

     27     30     37  

Operating costs and expenses (1)

     (364 )   (627 )   (383 )

Income tax benefit on operations

     124     220     136  

Preferred stock dividends

     (104 )   (17 )   —  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Operating loss

     (312 )   (385 )   (206 )

Realized capital gains and losses, after-tax

     —     —     3  

Loss on extinguishment of debt, after-tax

     —     (319 )   —  

Postretirement benefits curtailment gain, after-tax           

     —     118     —  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Corporate and Other net loss available to common shareholders

     (312 )   (586 )   (203 )
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Consolidated net income available to common shareholders

   $ 2,746   $ 2,263   $ 2,306  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
(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)
   2014   2013   2012  

Amortization of DAC

                    

Property-Liability

   $ 3,875   $ 3,674   $ 3,483  

Allstate Financial

     260     328     401  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Consolidated

   $ 4,135   $ 4,002   $ 3,884  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Income tax expense

                    

Property-Liability

   $ 1,211   $ 1,357   $ 893  

Allstate Financial

     299     87     241  

Corporate and Other

     (124 )   (328 )   (134 )
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Consolidated

   $ 1,386   $ 1,116   $ 1,000  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Summarized data for total assets and investments

 

 

($ in millions)
   2014   2013   2012  

Assets

                    

Property-Liability

   $ 55,767   $ 54,726   $ 52,201  

Allstate Financial

     49,248     65,707     72,368  

Corporate and Other

     3,518     3,087     2,378  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Consolidated

   $ 108,533   $ 123,520   $ 126,947  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Investments

                    

Property-Liability

   $ 39,083   $ 39,638   $ 38,215  

Allstate Financial

     38,809     39,105     56,999  

Corporate and Other

     3,221     2,412     2,064  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Consolidated

   $ 81,113   $ 81,155   $ 97,278  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​