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Reporting Segments (Tables)
 12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Schedule of business segments revenue disclosures
Summarized revenue data for each of the Company’s reportable segments for the years ended December 31 are as follows:
($ in millions)
2016
 
2015
 
2014
Revenues
 
 
 
 
 
Property-Liability
 
 
 
 
 
Property-liability insurance premiums
 
 
 
 
 
Auto
$
21,264

 
$
20,410

 
$
19,344

Homeowners
7,257

 
7,136

 
6,904

Other personal lines
1,700

 
1,692

 
1,662

Commercial lines
506

 
510

 
476

Other business lines
580

 
561

 
542

Allstate Protection
31,307

 
30,309

 
28,928

Discontinued Lines and Coverages
—

 
—

 
1

Total property-liability insurance premiums
31,307

 
30,309

 
28,929

Net investment income
1,266

 
1,237

 
1,301

Realized capital gains and losses
(6
)
 
(237
)
 
549

Total Property-Liability
32,567

 
31,309

 
30,779

Allstate Financial
 
 
 
 
 
Life and annuity premiums and contract charges
 
 
 
 
 
  Life and annuity premiums
 
 
 
 
 
Traditional life insurance
573

 
542

 
511

Immediate annuities with life contingencies
—

 
—

 
4

Accident and health insurance
859

 
780

 
744

Total life and annuity premiums
1,432

 
1,322

 
1,259

  Contract charges
 
 
 
 
 
Interest-sensitive life insurance
829

 
822

 
879

Fixed annuities
14

 
14

 
19

Total contract charges
843

 
836

 
898

Total life and annuity premiums and contract charges
2,275

 
2,158

 
2,157

Net investment income
1,734

 
1,884

 
2,131

Realized capital gains and losses
(81
)
 
267

 
144

Total Allstate Financial
3,928

 
4,309

 
4,432

Corporate and Other
 
 
 
 
 
Service fees
4

 
3

 
5

Net investment income
42

 
35

 
27

Realized capital gains and losses
(3
)
 
—

 
1

Total Corporate and Other before reclassification of service fees
43

 
38

 
33

Reclassification of service fees (1)
(4
)
 
(3
)
 
(5
)
Total Corporate and Other
39

 
35

 
28

Consolidated revenues
$
36,534

 
$
35,653

 
$
35,239

______________________________
(1) 
For presentation in the 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 for the years ended December 31 are as follows:
($ in millions)
2016
 
2015
 
2014
Net income
 
 
 
 
 
Property-Liability
 
 
 
 
 
Underwriting income
 
 
 
 
 
Allstate Protection
$
1,317

 
$
1,614

 
$
1,887

Discontinued Lines and Coverages
(107
)
 
(55
)
 
(115
)
Total underwriting income
1,210

 
1,559

 
1,772

Net investment income
1,266

 
1,237

 
1,301

Income tax expense on operations (1)
(812
)
 
(952
)
 
(1,040
)
Realized capital gains and losses, after-tax
—

 
(154
)
 
357

Gain on disposition of operations, after-tax
—

 
—

 
37

Property-Liability net income applicable to common shareholders
1,664

 
1,690

 
2,427

Allstate Financial
 
 
 
 
 
Life and annuity premiums and contract charges
2,275

 
2,158

 
2,157

Net investment income
1,734

 
1,884

 
2,131

Periodic settlements and accruals on non-hedge derivative instruments
—

 
—

 
(1
)
Contract benefits and interest credited to contractholder funds
(2,580
)
 
(2,563
)
 
(2,663
)
Operating costs and expenses and amortization of deferred policy acquisition costs
(774
)
 
(729
)
 
(721
)
Restructuring and related charges
(1
)
 
—

 
(2
)
Income tax expense on operations
(206
)
 
(241
)
 
(294
)
Operating income
448

 
509

 
607

Realized capital gains and losses, after-tax
(54
)
 
173

 
94

Valuation changes on embedded derivatives that are not hedged, after-tax
(2
)
 
(1
)
 
(15
)
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
)
 
(3
)
Reclassification of periodic settlements and accruals on non-hedge derivative instruments, after-tax
—

 
—

 
1

Gain (loss) on disposition of operations, after-tax
3

 
2

 
(53
)
Change in accounting for investments in qualified affordable housing projects, after-tax
—

 
(17
)
 
—

Allstate Financial net income applicable to common shareholders
391

 
663

 
631

Corporate and Other
 
 
 
 
 
Service fees (2)
4

 
3

 
5

Net investment income
42

 
35

 
27

Operating costs and expenses (2)
(328
)
 
(329
)
 
(364
)
Income tax benefit on operations
106

 
109

 
124

Preferred stock dividends
(116
)
 
(116
)
 
(104
)
Operating loss
(292
)
 
(298
)
 
(312
)
Realized capital gains and losses, after-tax
(2
)
 
—

 
—

Corporate and Other net loss applicable to common shareholders
(294
)
 
(298
)
 
(312
)
Consolidated net income applicable to common shareholders
$
1,761

 
$
2,055

 
$
2,746

______________________________
(1) 
Income tax on operations for Property-Liability segment includes $28 million of expense related to the change in accounting guidance for investments in qualified affordable housing projects adopted in 2015.
(2) 
For presentation in the Consolidated Statements of Operations, service fees of the Corporate and Other segment are reclassified to operating costs and expenses.
Additional significant financial performance data
Additional significant financial performance data for each of the Company’s reportable segments for the years ended December 31 are as follows:
($ in millions)
2016
 
2015
 
2014
Amortization of DAC
 
 
 
 
 
Property-Liability
$
4,267

 
$
4,102

 
$
3,875

Allstate Financial
283

 
262

 
260

Consolidated
$
4,550

 
$
4,364

 
$
4,135

​
​
 
​
 
​
Income tax expense
 
 
 
 
 
Property-Liability
$
806

 
$
869

 
$
1,211

Allstate Financial
178

 
351

 
299

Corporate and Other
(107
)
 
(109
)
 
(124
)
Consolidated
$
877

 
$
1,111

 
$
1,386
Summarized data for total assets and investments
Summarized data for total assets and investments for each of the Company’s reportable segments as of December 31 are as follows:
($ in millions)
2016
 
2015
 
2014
Assets
 
 
 
 
 
Property-Liability
$
60,394

 
$
55,671

 
$
55,767

Allstate Financial
45,945

 
46,342

 
49,248

Corporate and Other
2,271

 
2,643

 
3,464

Consolidated
$
108,610

 
$
104,656

 
$
108,479

​
​
 
​
 
​
Investments
 
 
 
 
 
Property-Liability
$
42,722

 
$
38,479

 
$
39,083

Allstate Financial
36,840

 
36,792

 
38,809

Corporate and Other
2,237

 
2,487

 
3,221

Consolidated
$
81,799

 
$
77,758

 
$
81,113