Business Segments (Tables)

6 Months Ended

Jun. 30, 2013

Business Segments

Schedule of business segments revenue disclosures

($ in millions)		Three months ended June 30,						Six months ended June 30,
		2013			2012			2013			2012
Revenues
Property-Liability
Property-liability insurance premiums
Standard auto	$	4,431		$	4,296		$	8,794		$	8,565
Non-standard auto		168			184			335			367
Total auto		4,599			4,480			9,129			8,932
Homeowners		1,630			1,580			3,246			3,152
Other personal lines		633			606			1,257			1,212
Allstate Protection		6,862			6,666			13,632			13,296
Discontinued Lines and Coverages		--			--			--			--
Total property-liability insurance premiums		6,862			6,666			13,632			13,296
Net investment income		343			352			684			665
Realized capital gains and losses		305			19			417			208
Total Property-Liability		7,510			7,037			14,733			14,169
Allstate Financial
Life and annuity premiums and contract charges
Traditional life insurance		119			117			235			230
Immediate annuities with life contingencies		9			14			16			26
Accident and health insurance		179			160			359			322
Total life and annuity premiums		307			291			610			578
Interest-sensitive life insurance		268			263			541			523
Fixed annuities		4			5			7			11
Total contract charges		272			268			548			534
Total life and annuity premiums and contract charges		579			559			1,158			1,112
Net investment income		633			663			1,268			1,350
Realized capital gains and losses		57			8			76			(13	)
Total Allstate Financial		1,269			1,230			2,502			2,449
Corporate and Other
Service fees		2			1			3			2
Net investment income		8			11			15			22
Total Corporate and Other before reclassification of service fees		10			12			18			24
Reclassification of service fees (1)		(2	)		(1	)		(3	)		(2	)
Total Corporate and Other		8			11			15			22
Consolidated revenues	$	8,787		$	8,278		$	17,250		$	16,640

(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,
		2013			2012			2013			2012
Net income
Property-Liability
Underwriting income (loss)
Allstate Protection	$	273		$	138		$	735		$	664
Discontinued Lines and Coverages		(4	)		(4	)		(8	)		(7	)
Total underwriting income		269			134			727			657
Net investment income		343			352			684			665
Income tax expense on operations		(191	)		(144	)		(447	)		(409	)
Realized capital gains and losses, after-tax		197			12			270			136
Loss on disposition of operations, after-tax		(1	)		--			(1	)		--
Property-Liability net income available to common shareholders		617			354			1,233			1,049
Allstate Financial
Life and annuity premiums and contract charges		579			559			1,158			1,112
Net investment income		633			663			1,268			1,350
Periodic settlements and accruals on non-hedge derivative instruments		5			15			15			30
Contract benefits and interest credited to contractholder funds		(786	)		(824	)		(1,580	)		(1,631	)
Operating costs and expenses and amortization of deferred policy acquisition costs		(205	)		(211	)		(429	)		(439	)
Restructuring and related charges		(1	)		--			(3	)		--
Income tax expense on operations		(68	)		(64	)		(128	)		(134	)
Operating income		157			138			301			288
Realized capital gains and losses, after-tax		37			5			49			(9	)
Valuation changes on embedded derivatives that are not hedged, after-tax		3			(3	)		(3	)		(9	)
DAC and DSI amortization related to realized capital gains and losses and valuation changes on embedded derivatives that are not hedged, after-tax		(4	)		--			(3	)		(10	)
Reclassification of periodic settlements and accruals on non-hedge derivative instruments, after-tax		(4	)		(10	)		(10	)		(20	)
Gain on disposition of operations, after-tax		1			2			2			4
Allstate Financial net income available to common shareholders		190			132			336			244
Corporate and Other
Service fees (1)		2			1			3			2
Net investment income		8			11			15			22
Operating costs and expenses (1)		(108	)		(108	)		(204	)		(195	)
Income tax benefit on operations		37			33			72			67
Preferred stock dividends		--			--			--			--
Operating loss		(61	)		(63	)		(114	)		(104	)
Realized capital gains and losses, after-tax		–			--			--			--
Loss on extinguishment of debt, after-tax		(312	)		--			(312	)		--
Corporate and Other net loss available to common shareholders		(373	)		(63	)		(426	)		(104	)
Consolidated net income available to common shareholders	$	434		$	423		$	1,143		$	1,189

(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.