Business Segments (Tables)

6 Months Ended

Jun. 30, 2012

Business Segments

Schedule of business segments revenue disclosures

($ in millions)		Three months ended June 30,						Six months ended June 30,
		2012			2011			2012			2011
Revenues
Property-Liability
Property-liability insurance premiums
Standard auto	$	4,296		$	4,093		$	8,565		$	8,181
Non-standard auto		184			206			367			417
Total auto		4,480			4,299			8,932			8,598
Homeowners		1,580			1,548			3,152			3,087
Other personal lines		606			610			1,212			1,221
Allstate Protection		6,666			6,457			13,296			12,906
Discontinued Lines and Coverages		--			--			--			(1	)
Total property-liability insurance premiums		6,666			6,457			13,296			12,905
Net investment income		352			310			665			594
Realized capital gains and losses		19			(8	)		208			49
Total Property-Liability		7,037			6,759			14,169			13,548
Allstate Financial
Life and annuity premiums and contract charges
Traditional life insurance		117			109			230			217
Immediate annuities with life contingencies		14			15			26			58
Accident and health insurance		160			162			322			323
Total life and annuity premiums		291			286			578			598
Interest-sensitive life insurance		263			253			523			501
Fixed annuities		5			8			11			17
Total contract charges		268			261			534			518
Total life and annuity premiums and contract charges		559			547			1,112			1,116
Net investment income		663			694			1,350			1,378
Realized capital gains and losses		8			62			(13	)		101
Total Allstate Financial		1,230			1,303			2,449			2,595
Corporate and Other
Service fees		1			2			2			4
Net investment income		11			16			22			30
Realized capital gains and losses		--			3			--			3
Total Corporate and Other before reclassification of service fees		12			21			24			37
Reclassification of service fees (1)		(1	)		(2	)		(2	)		(4	)
Total Corporate and Other		11			19			22			33
Consolidated revenues	$	8,278		$	8,081		$	16,640		$	16,176

(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

($ in millions)		Three months ended June 30,								Six months ended June 30,
		2012				2011				2012				2011
Net income
Property-Liability
Underwriting income (loss)
Allstate Protection	$		138		$		(1,498	)	$		664		$		(1,164	)
Discontinued Lines and Coverages		(4		)		(4		)		(7		)		(10		)
Total underwriting income (loss)		134				(1,502		)		657				(1,174		)
Net investment income		352				310				665				594
Income tax (expense) benefit on operations		(144		)		461				(409		)		279
Realized capital gains and losses, after-tax		12				(6		)		136				32
Property-Liability net income (loss)		354				(737		)		1,049				(269		)
Allstate Financial
Life and annuity premiums and contract charges		559				547				1,112				1,116
Net investment income		663				694				1,350				1,378
Periodic settlements and accruals on non-hedge derivative instruments		15				19				30				36
Contract benefits and interest credited to contractholder funds		(824		)		(834		)		(1,631		)		(1,713		)
Operating costs and expenses and amortization of deferred policy acquisition costs		(211		)		(222		)		(439		)		(449		)
Restructuring and related charges		--				--				--				2
Income tax expense on operations		(64		)		(69		)		(134		)		(122		)
Operating income		138				135				288				248
Realized capital gains and losses, after-tax		5				40				(9		)		65
Valuation changes on embedded derivatives that are not hedged, after-tax		(3		)		(3		)		(9		)		5
DAC and DSI amortization related to realized capital gains and losses and valuation changes on embedded derivatives that are not hedged, after-tax		--				(5		)		(10		)		(27		)
DAC and DSI unlocking related to realized capital gains and losses, after-tax		--				--				--				3
Reclassification of periodic settlements and accruals on non-hedge derivative instruments, after-tax		(10		)		(11		)		(20		)		(23		)
Gain (loss) on disposition of operations, after-tax		2				5				4				(8		)
Allstate Financial net income		132				161				244				263
Corporate and Other
Service fees (1)		1				2				2				4
Net investment income		11				16				22				30
Operating costs and expenses (1)		(108		)		(100		)		(195		)		(193		)
Income tax benefit on operations		33				32				67				63
Operating loss		(63		)		(50		)		(104		)		(96		)
Realized capital gains and losses, after-tax		--				2				--				2
Corporate and Other net loss		(63		)		(48		)		(104		)		(94		)
Consolidated net income (loss)	$		423		$		(624	)	$		1,189		$		(100	)

(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.