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Reporting Segments (Tables)
 6 Months Ended
Jun. 30, 2016
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 June 30,
 
Six months ended June 30,
 
2016
 
2015
 
2016
 
2015
Property-Liability
 

 
 

 
 

 
 

Property-liability insurance premiums
 

 
 

 
 

 
 

Auto
$
5,306

 
$
5,086

 
$
10,526

 
$
10,065

Homeowners
1,815

 
1,775

 
3,625

 
3,536

Other personal lines
424

 
423

 
845

 
843

Commercial lines
127

 
128

 
256

 
253

Other business lines
142

 
137

 
285

 
278

Allstate Protection
7,814

 
7,549

 
15,537

 
14,975

Discontinued Lines and Coverages
—

 
—

 
—

 
—

Total property-liability insurance premiums
7,814

 
7,549

 
15,537

 
14,975

Net investment income
316

 
292

 
618

 
650

Realized capital gains and losses
26

 
49

 
(73
)
 
77

Total Property-Liability
8,156

 
7,890

 
16,082

 
15,702

Allstate Financial
 

 
 

 
 

 
 

Life and annuity premiums and contract charges
 

 
 

 
 

 
 

Life and annuity premiums
 
 
 
 
 
 
 
Traditional life insurance
139

 
131

 
277

 
263

Accident and health insurance
214

 
195

 
430

 
391

Total life and annuity premiums
353

 
326

 
707

 
654

Contract charges
 
 
 
 
 
 
 
Interest-sensitive life insurance
208

 
207

 
417

 
413

Fixed annuities
3

 
3

 
6

 
6

Total contract charges
211

 
210

 
423

 
419

Total life and annuity premiums and contract charges
564

 
536

 
1,130

 
1,073

Net investment income
435

 
489

 
854

 
973

Realized capital gains and losses
—

 
59

 
(49
)
 
170

Total Allstate Financial
999

 
1,084

 
1,935

 
2,216

Corporate and Other
 

 
 

 
 

 
 

Service fees
1

 
1

 
2

 
2

Net investment income
11

 
8

 
21

 
16

Realized capital gains and losses
(2
)
 
—

 
(3
)
 
—

Total Corporate and Other before reclassification of service fees
10

 
9

 
20

 
18

Reclassification of service fees (1)
(1
)
 
(1
)
 
(2
)
 
(2
)
Total Corporate and Other
9

 
8

 
18

 
16

Consolidated revenues
$
9,164

 
$
8,982

 
$
18,035

 
$
17,934

_______________
(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 June 30,
 
Six months ended June 30,
 
2016
 
2015
 
2016
 
2015
Property-Liability
 

 
 

 
 

 
 

Underwriting income
 

 
 

 
 

 
 

Allstate Protection
$
(64
)
 
$
(8
)
 
$
63

 
$
461

Discontinued Lines and Coverages
(2
)
 
(2
)
 
(4
)
 
(4
)
Total underwriting (loss) income
(66
)
 
(10
)
 
59

 
457

Net investment income
316

 
292

 
618

 
650

Income tax expense on operations (1)
(70
)
 
(92
)
 
(211
)
 
(397
)
Realized capital gains and losses, after-tax
18

 
31

 
(46
)
 
49

Gain on disposition of operations, after-tax
—

 
1

 
—

 
1

Property-Liability net income applicable to common shareholders
198

 
222

 
420

 
760

Allstate Financial
 

 
 

 
 

 
 

Life and annuity premiums and contract charges
564

 
536

 
1,130

 
1,073

Net investment income
435

 
489

 
854

 
973

Contract benefits and interest credited to contractholder funds
(633
)
 
(637
)
 
(1,272
)
 
(1,270
)
Operating costs and expenses and amortization of deferred policy acquisition costs
(189
)
 
(180
)
 
(383
)
 
(372
)
Restructuring and related charges
(1
)
 
(2
)
 
(1
)
 
(2
)
Income tax expense on operations
(56
)
 
(67
)
 
(104
)
 
(129
)
Operating income
120

 
139

 
224

 
273

Realized capital gains and losses, after-tax
—

 
38

 
(32
)
 
110

Valuation changes on embedded derivatives that are not hedged, after-tax
(4
)
 
4

 
(8
)
 
(1
)
DAC and DSI amortization related to realized capital gains and losses and valuation changes on embedded derivatives that are not hedged, after-tax
(1
)
 
(2
)
 
(2
)
 
(2
)
Gain (loss) on disposition of operations, after-tax
1

 
—

 
2

 
(1
)
Change in accounting for investments in qualified affordable housing projects, after-tax
—

 
—

 
—

 
(17
)
Allstate Financial net income applicable to common shareholders
116

 
179

 
184

 
362

Corporate and Other
 

 
 

 
 

 
 
Service fees (2)
1

 
1

 
2

 
2

Net investment income
11

 
8

 
21

 
16

Operating costs and expenses (2)
(80
)
 
(83
)
 
(160
)
 
(162
)
Income tax benefit on operations
26

 
28

 
51

 
54

Preferred stock dividends
(29
)
 
(29
)
 
(58
)
 
(58
)
Operating loss
(71
)
 
(75
)
 
(144
)
 
(148
)
Realized capital gains and losses, after-tax
(1
)
 
—

 
(1
)
 
—

Corporate and Other net loss applicable to common shareholders
(72
)
 
(75
)
 
(145
)
 
(148
)
Consolidated net income applicable to common shareholders
$
242

 
$
326

 
$
459

 
$
974

_______________
(1) 
Income tax on operations for the Property-Liability segment includes $28 million of expense for the six months ended June 30, 2015 related to the change in accounting guidance for investments in qualified affordable housing projects.
(2) 
For presentation in the Condensed Consolidated Statements of Operations, service fees of the Corporate and Other segment are reclassified to operating costs and expenses.