Business Segments (Tables)

3 Months Ended

Mar. 31, 2012

Business Segments

Schedule of business segments revenue disclosures

Summarized revenue data for each of the Company’s reportable segments for the three months ended March 31 are as follows:

($ in millions)		2012		2011
Revenues
Property-Liability
Property-liability insurance premiums
Standard auto	$	4,269	$	4,088
Non-standard auto		183		211
Total auto		4,452		4,299
Homeowners		1,572		1,539
Other personal lines		606		611
Allstate Protection		6,630		6,449
Discontinued Lines and Coverages		--		(1)
Total property-liability insurance premiums		6,630		6,448
Net investment income		313		284
Realized capital gains and losses		189		57
Total Property-Liability		7,132		6,789
Allstate Financial
Life and annuity premiums and contract charges
Traditional life insurance		113		108
Immediate annuities with life contingencies		12		43
Accident and health insurance		162		161
Total life and annuity premiums		287		312
Interest-sensitive life insurance		260		248
Fixed annuities		6		9
Total contract charges		266		257
Total life and annuity premiums and contract charges		553		569
Net investment income		687		684
Realized capital gains and losses		(21)		39
Total Allstate Financial		1,219		1,292
Corporate and Other
Service fees		1		2
Net investment income		11		14
Realized capital gains and losses		--		--
Total Corporate and Other before reclassification of service fees		12		16
Reclassification of service fees (1)		(1)		(2)
Total Corporate and Other		11		14
Consolidated revenues	$	8,362	$	8,095

(1) For presentation in the Condensed 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

Summarized financial performance data for each of the Company’s reportable segments for the three months ended March 31 are as follows:

($ in millions)		2012		2011
Net income
Property-Liability
Underwriting income (loss)
Allstate Protection	$	526	$	334
Discontinued Lines and Coverages		(3)		(6)
Total underwriting income		523		328
Net investment income		313		284
Income tax expense on operations		(265)		(182)
Realized capital gains and losses, after-tax		124		38
Property-Liability net income		695		468
Allstate Financial
Life and annuity premiums and contract charges		553		569
Net investment income		687		684
Periodic settlements and accruals on non-hedge derivative instruments		15		17
Contract benefits and interest credited to contractholder funds		(807)		(879)
Operating costs and expenses and amortization of deferred policy acquisition costs		(228)		(227)
Restructuring and related charges		--		2
Income tax expense on operations		(70)		(53)
Operating income		150		113
Realized capital gains and losses, after-tax		(14)		25
Valuation changes on embedded derivatives that are not hedged, after-tax		(6)		8
DAC and DSI amortization relating to realized capital gains and losses and valuation changes on embedded derivatives that are not hedged, after-tax		(10)		(22)
DAC and DSI unlocking relating to realized capital gains and losses, after-tax		--		3
Reclassification of periodic settlements and accruals on non-hedge derivative instruments, after-tax		(10)		(12)
Gain (loss) on disposition of operations, after-tax		2		(13)
Allstate Financial net income		112		102
Corporate and Other
Service fees (1)		1		2
Net investment income		11		14
Operating costs and expenses (1)		(87)		(93)
Income tax benefit on operations		34		31
Operating loss		(41)		(46)
Realized capital gains and losses, after-tax		--		--
Corporate and Other net loss		(41)		(46)
Consolidated net income	$	766	$	524

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