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Reporting Segments
 3 Months Ended
Mar. 31, 2017
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 March 31,
 
2017
 
2016
Property-Liability
 

 
 

Property-liability insurance premiums
 

 
 

Auto
$
5,388

 
$
5,220

Homeowners
1,815

 
1,810

Other personal lines
431

 
421

Commercial lines
125

 
129

Other business lines
141

 
143

SquareTrade
59

 
—

Allstate Protection
7,959

 
7,723

Discontinued Lines and Coverages
—

 
—

Total property-liability insurance premiums
7,959

 
7,723

Net investment income
311

 
302

Realized capital gains and losses
135

 
(99
)
Total Property-Liability
8,405

 
7,926

Allstate Financial
 

 
 

Life and annuity premiums and contract charges
 

 
 

Premiums
 
 
 
Traditional life insurance
149

 
138

Accident and health insurance
232

 
216

Total premiums
381

 
354

Contract charges
 
 
 
Interest-sensitive life insurance
209

 
209

Fixed annuities
3

 
3

Total contract charges
212

 
212

Total life and annuity premiums and contract charges
593

 
566

Net investment income
426

 
419

Realized capital gains and losses
(1
)
 
(49
)
Total Allstate Financial
1,018

 
936

Corporate and Other
 

 
 

Service fees
1

 
1

Net investment income
11

 
10

Realized capital gains and losses
—

 
(1
)
Total Corporate and Other before reclassification of service fees
12

 
10

Reclassification of service fees (1)
(1
)
 
(1
)
Total Corporate and Other
11

 
9

Consolidated revenues
$
9,434

 
$
8,871

_______________
(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 March 31,
 
2017
 
2016
Property-Liability
 

 
 

Underwriting income
 

 
 

Allstate Protection
$
509

 
$
127

Discontinued Lines and Coverages
(2
)
 
(2
)
Total underwriting income
507

 
125

Net investment income
311

 
302

Income tax expense on operations
(255
)
 
(141
)
Realized capital gains and losses, after-tax
89

 
(64
)
Property-Liability net income applicable to common shareholders
652

 
222

Allstate Financial
 

 
 

Life and annuity premiums and contract charges
593

 
566

Net investment income
426

 
419

Contract benefits and interest credited to contractholder funds
(647
)
 
(639
)
Operating costs and expenses and amortization of deferred policy acquisition costs
(210
)
 
(194
)
Income tax expense on operations
(52
)
 
(48
)
Operating income
110

 
104

Realized capital gains and losses, after-tax
(1
)
 
(32
)
Valuation changes on embedded derivatives that are not hedged, after-tax
—

 
(4
)
DAC and DSI amortization related to realized capital gains and losses and valuation changes on embedded derivatives that are not hedged, after-tax
(3
)
 
(1
)
Gain on disposition of operations, after-tax
2

 
1

Allstate Financial net income applicable to common shareholders
108

 
68

Corporate and Other
 

 
 

Service fees (1)
1

 
1

Net investment income
11

 
10

Operating costs and expenses (1)
(94
)
 
(80
)
Income tax benefit on operations
30

 
25

Preferred stock dividends
(29
)
 
(29
)
Operating loss
(81
)
 
(73
)
Realized capital gains and losses, after-tax
—

 
—

Business combination expenses, after-tax
(13
)
 
—

Corporate and Other net loss applicable to common shareholders
(94
)
 
(73
)
Consolidated net income applicable to common shareholders
$
666

 
$
217

_______________
(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.