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Reporting Segments
 9 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
Reporting Segments
Reporting Segments
Summarized revenue data for each of the Company’s reportable segments are as follows:
($ in millions)
Three months ended September 30,
 
Nine months ended September 30,
 
2015
 
2014
 
2015
 
2014
Property-Liability
 

 
 

 
 

 
 

Property-liability insurance premiums
 

 
 

 
 

 
 

Auto
$
5,154

 
$
4,890

 
$
15,219

 
$
14,426

Homeowners
1,795

 
1,740

 
5,331

 
5,151

Other personal lines
425

 
418

 
1,268

 
1,244

Commercial lines
128

 
120

 
381

 
351

Other business lines
148

 
138

 
426

 
402

Allstate Protection
7,650

 
7,306

 
22,625

 
21,574

Discontinued Lines and Coverages
—

 
1

 
—

 
1

Total property-liability insurance premiums
7,650

 
7,307

 
22,625

 
21,575

Net investment income
307

 
344

 
957

 
1,007

Realized capital gains and losses
(161
)
 
266

 
(84
)
 
569

Total Property-Liability
7,796

 
7,917

 
23,498

 
23,151

Allstate Financial
 

 
 

 
 

 
 

Life and annuity premiums and contract charges
 

 
 

 
 

 
 

Life and annuity premiums
 
 
 
 
 
 
 
Traditional life insurance
135

 
126

 
398

 
378

Immediate annuities with life contingencies
—

 
—

 
—

 
5

Accident and health insurance
194

 
182

 
585

 
564

Total life and annuity premiums
329

 
308

 
983

 
947

Contract charges
 
 
 
 
 
 
 
Interest-sensitive life insurance
205

 
200

 
618

 
676

Fixed annuities
4

 
4

 
10

 
14

Total contract charges
209

 
204

 
628

 
690

Total life and annuity premiums and contract charges
538

 
512

 
1,611

 
1,637

Net investment income
491

 
473

 
1,464

 
1,651

Realized capital gains and losses
194

 
28

 
364

 
19

Total Allstate Financial
1,223

 
1,013

 
3,439

 
3,307

Corporate and Other
 

 
 

 
 

 
 

Service fees
—

 
1

 
2

 
4

Net investment income
9

 
6

 
25

 
22

Total Corporate and Other before reclassification of service fees
9

 
7

 
27

 
26

Reclassification of service fees (1)
—

 
(1
)
 
(2
)
 
(4
)
Total Corporate and Other
9

 
6

 
25

 
22

Consolidated revenues
$
9,028

 
$
8,936

 
$
26,962

 
$
26,480

_______________
(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.










Summarized financial performance data for each of the Company’s reportable segments are as follows:
($ in millions)
Three months ended September 30,
 
Nine months ended September 30,
 
2015
 
2014
 
2015
 
2014
Property-Liability
 

 
 

 
 

 
 

Underwriting income
 

 
 

 
 

 
 

Allstate Protection
$
540

 
$
579

 
$
1,001

 
$
1,146

Discontinued Lines and Coverages
(49
)
 
(105
)
 
(53
)
 
(111
)
Total underwriting income
491

 
474

 
948

 
1,035

Net investment income
307

 
344

 
957

 
1,007

Income tax expense on operations
(256
)
 
(276
)
 
(653
)
 
(686
)
Realized capital gains and losses, after-tax
(104
)
 
173

 
(55
)
 
368

(Loss) gain on disposition of operations, after-tax
(1
)
 
(1
)
 
—

 
37

Property-Liability net income available to common shareholders
437

 
714

 
1,197

 
1,761

Allstate Financial
 

 
 

 
 

 
 

Life and annuity premiums and contract charges
538

 
512

 
1,611

 
1,637

Net investment income
491

 
473

 
1,464

 
1,651

Periodic settlements and accruals on non-hedge derivative instruments
—

 
—

 
—

 
(1
)
Contract benefits and interest credited to contractholder funds
(651
)
 
(633
)
 
(1,921
)
 
(2,033
)
Operating costs and expenses and amortization of deferred policy acquisition costs
(173
)
 
(171
)
 
(545
)
 
(540
)
Restructuring and related charges
(1
)
 
1

 
(3
)
 
(2
)
Income tax expense on operations
(66
)
 
(57
)
 
(195
)
 
(233
)
Operating income
138

 
125

 
411

 
479

Realized capital gains and losses, after-tax
125

 
19

 
235

 
13

Valuation changes on embedded derivatives that are not hedged, after-tax
(2
)
 
2

 
(3
)
 
(12
)
DAC and DSI amortization related to realized capital gains and losses and valuation changes on embedded derivatives that are not hedged, after-tax
(1
)
 
(3
)
 
(3
)
 
(3
)
Reclassification of periodic settlements and accruals on non-hedge derivative instruments, after-tax
—

 
—

 
—

 
1

Gain (loss) on disposition of operations, after-tax
2

 
(27
)
 
1

 
(55
)
Change in accounting for investments in qualified affordable housing projects, after-tax
—

 
—

 
(17
)
 
—

Allstate Financial net income available to common shareholders
262

 
116

 
624

 
423

Corporate and Other
 

 
 

 
 

 
 
Service fees (1)
—

 
1

 
2

 
4

Net investment income
9

 
6

 
25

 
22

Operating costs and expenses (1)
(86
)
 
(84
)
 
(248
)
 
(276
)
Income tax benefit on operations
28

 
28

 
82

 
92

Preferred stock dividends
(29
)
 
(31
)
 
(87
)
 
(75
)
Operating loss
(78
)
 
(80
)
 
(226
)
 
(233
)
Realized capital gains and losses, after-tax
—

 
—

 
—

 
—

Corporate and Other net loss available to common shareholders
(78
)
 
(80
)
 
(226
)
 
(233
)
Consolidated net income available to common shareholders
$
621

 
$
750

 
$
1,595

 
$
1,951

_______________
(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.