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Reporting Segments (Tables)
3 Months Ended
Mar. 31, 2015
Segment Reporting [Abstract]  
Schedule of business segments revenue disclosures
Summarized revenue data for each of the Company’s reportable segments are as follows:
($ in millions)
Three months ended March 31,
 
2015
 
2014
Property-Liability
 

 
 

Property-liability insurance premiums
 

 
 

Auto
$
4,979

 
$
4,712

Homeowners
1,761

 
1,697

Other personal lines
420

 
412

Commercial lines
125

 
110

Other business lines
141

 
133

Allstate Protection
7,426

 
7,064

Discontinued Lines and Coverages

 

Total property-liability insurance premiums
7,426

 
7,064

Net investment income
358

 
312

Realized capital gains and losses
28

 
53

Total Property-Liability
7,812

 
7,429

Allstate Financial
 

 
 

Life and annuity premiums and contract charges
 

 
 

Traditional life insurance
132

 
127

Immediate annuities with life contingencies

 
5

Accident and health insurance
196

 
195

Total life and annuity premiums
328

 
327

Interest-sensitive life insurance
206

 
274

Fixed annuities
3

 
6

Total contract charges
209

 
280

Total life and annuity premiums and contract charges
537

 
607

Net investment income
484

 
640

Realized capital gains and losses
111

 
1

Total Allstate Financial
1,132

 
1,248

Corporate and Other
 

 
 

Service fees
1

 
2

Net investment income
8

 
7

Total Corporate and Other before reclassification of service fees
9

 
9

Reclassification of service fees (1)
(1
)
 
(2
)
Total Corporate and Other
8

 
7

Consolidated revenues
$
8,952

 
$
8,684

_______________
(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 are as follows:
($ in millions)
Three months ended March 31,
 
2015
 
2014
Property-Liability
 

 
 

Underwriting income
 

 
 

Allstate Protection
$
469

 
$
375

Discontinued Lines and Coverages
(2
)
 
(3
)
Total underwriting income
467

 
372

Net investment income
358

 
312

Income tax expense on operations
(305
)
 
(225
)
Realized capital gains and losses, after-tax
18

 
34

Property-Liability net income available to common shareholders
538

 
493

Allstate Financial
 

 
 

Life and annuity premiums and contract charges
537

 
607

Net investment income
484

 
640

Contract benefits and interest credited to contractholder funds
(633
)
 
(779
)
Operating costs and expenses and amortization of deferred policy acquisition costs
(192
)
 
(192
)
Restructuring and related charges

 
(2
)
Income tax expense on operations
(62
)
 
(85
)
Operating income
134

 
189

Realized capital gains and losses, after-tax
72

 

Valuation changes on embedded derivatives that are not hedged, after-tax
(5
)
 
(11
)
Loss on disposition of operations, after-tax
(1
)
 
(16
)
Change in accounting for investments in qualified affordable housing projects, after-tax
(17
)
 

Allstate Financial net income available to common shareholders
183

 
162

Corporate and Other
 

 
 

Service fees (1)
1

 
2

Net investment income
8

 
7

Operating costs and expenses (1)
(79
)
 
(97
)
Income tax benefit on operations
26

 
32

Preferred stock dividends
(29
)
 
(13
)
Operating loss
(73
)
 
(69
)
Realized capital gains and losses, after-tax

 
1

Corporate and Other net loss available to common shareholders
(73
)
 
(68
)
Consolidated net income available to common shareholders
$
648

 
$
587

_______________
(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.