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CONSOLIDATED STATEMENTS OF SHAREHOLDER'S EQUITY - USD ($)
$ in Millions
Total
Common stock
Additional capital paid-in
Retained income
Retained income
Cumulative effect of change in accounting principle
Accumulated other comprehensive income
Balance, beginning of year at Dec. 31, 2018     $ 2,024 $ 4,410   $ 253
Increase (decrease) in equity            
Net (loss) income $ 530     530    
Dividends       (75)    
Change in unrealized net capital gains and losses 679         679
Change in unrealized foreign currency translation adjustments (17)         (17)
Balance, end of year at Dec. 31, 2019 7,809 $ 5 2,024 4,865 $ (49) 915
Increase (decrease) in equity            
Gain (losses) on reinsurance with affiliates     59      
Net (loss) income 136     136    
Change in unrealized net capital gains and losses 282         282
Change in unrealized foreign currency translation adjustments 10         10
Balance, end of year at Dec. 31, 2020 8,247 5 2,083 4,952   1,207
Increase (decrease) in equity            
Capital contribution into Allstate Life Insurance Company of New York (“ALNY”) prior to sale     660      
Disposition of ALNY     (660)      
Gain (losses) on reinsurance with affiliates     2 (35)    
Gain on investment transactions between affiliates       184    
Contribution of Everlake Assurance Company     15      
Net (loss) income (165)     (165)    
Dividends (1,990)     (1,992)    
Deferred taxes charged to equity       (46)    
Change in unrealized net capital gains and losses (787)         (787)
Change in unrealized foreign currency translation adjustments 3         3
Balance, end of year at Dec. 31, 2021 $ 5,426 $ 5 $ 2,100 $ 2,898   $ 423