Business Segments (Tables)

9 Months Ended

Sep. 30, 2012

Business Segments

Schedule of business segments revenue disclosures

($ in millions)		Three months ended September 30,				Nine months ended September 30,
		2012		2011		2012		2011
Revenues
Property-Liability
Property-liability insurance premiums
Standard auto	$	4,310	$	4,070	$	12,875	$	12,251
Non-standard auto		177		196		544		613
Total auto		4,487		4,266		13,419		12,864
Homeowners		1,595		1,553		4,747		4,640
Other personal lines		614		613		1,826		1,834
Allstate Protection		6,696		6,432		19,992		19,338
Discontinued Lines and Coverages		1		--		1		(1)
Total property-liability insurance premiums		6,697		6,432		19,993		19,337
Net investment income		299		298		964		892
Realized capital gains and losses		(16)		24		192		73
Total Property-Liability		6,980		6,754		21,149		20,302
Allstate Financial
Life and annuity premiums and contract charges
Traditional life insurance		117		111		347		328
Immediate annuities with life contingencies		10		16		36		74
Accident and health insurance		164		160		486		483
Total life and annuity premiums		291		287		869		885
Interest-sensitive life insurance		267		258		790		759
Fixed annuities		5		7		16		24
Total contract charges		272		265		806		783
Total life and annuity premiums and contract charges		563		552		1,675		1,668
Net investment income		632		682		1,982		2,060
Realized capital gains and losses		(56)		219		(69)		320
Total Allstate Financial		1,139		1,453		3,588		4,048
Corporate and Other
Service fees		1		1		3		5
Net investment income		9		14		31		44
Realized capital gains and losses		--		21		--		24
Total Corporate and Other before reclassification of service fees		10		36		34		73
Reclassification of service fees (1)		(1)		(1)		(3)		(5)
Total Corporate and Other		9		35		31		68
Consolidated revenues	$	8,128	$	8,242	$	24,768	$	24,418

(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 September 30,				Nine months ended September 30,
		2012		2011		2012		2011
Net income
Property-Liability
Underwriting income (loss)
Allstate Protection	$	701	$	(297)	$	1,365	$	(1,461)
Discontinued Lines and Coverages		(42)		(12)		(49)		(22)
Total underwriting income (loss)		659		(309)		1,316		(1,483)
Net investment income		299		298		964		892
Income tax (expense) benefit on operations		(308)		37		(717)		316
Realized capital gains and losses, after-tax		(11)		15		125		47
Property-Liability net income (loss)		639		41		1,688		(228)
Allstate Financial
Life and annuity premiums and contract charges		563		552		1,675		1,668
Net investment income		632		682		1,982		2,060
Periodic settlements and accruals on non-hedge derivative instruments		15		18		45		54
Contract benefits and interest credited to contractholder funds		(810)		(850)		(2,441)		(2,563)
Operating costs and expenses and amortization of deferred policy acquisition costs		(264)		(212)		(703)		(661)
Restructuring and related charges		--		--		--		2
Income tax expense on operations		(39)		(61)		(173)		(183)
Operating income		97		129		385		377
Realized capital gains and losses, after-tax		(36)		142		(45)		207
Valuation changes on embedded derivatives that are not hedged, after-tax		97		(4)		88		1
DAC and DSI amortization related to realized capital gains and losses and valuation changes on embedded derivatives that are not hedged, after-tax		(28)		(65)		(38)		(92)
DAC and DSI unlocking related to realized capital gains and losses, after-tax		4		--		4		3
Reclassification of periodic settlements and accruals on non-hedge derivative instruments, after-tax		(9)		(12)		(29)		(35)
Gain (loss) on disposition of operations, after-tax		6		2		10		(6)
Allstate Financial net income		131		192		375		455
Corporate and Other
Service fees (1)		1		1		3		5
Net investment income		9		14		31		44
Operating costs and expenses (1)		(91)		(117)		(286)		(310)
Income tax benefit on operations		34		31		101		94
Operating loss		(47)		(71)		(151)		(167)
Realized capital gains and losses, after-tax		--		13		--		15
Corporate and Other net loss		(47)		(58)		(151)		(152)
Consolidated net income	$	723	$	175	$	1,912	$	75

(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.