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Reporting Segments (Tables)
 6 Months Ended
Jun. 30, 2017
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,
 
2017
 
2016
 
2017
 
2016
Property-Liability
 

 
 

 
 

 
 

Property-liability insurance premiums
 

 
 

 
 

 
 

Auto
$
5,437

 
$
5,306

 
$
10,825

 
$
10,526

Homeowners
1,815

 
1,815

 
3,630

 
3,625

Other personal lines
436

 
424

 
867

 
845

Commercial lines
118

 
127

 
243

 
256

Other business lines
142

 
142

 
283

 
285

SquareTrade
70

 
—

 
129

 
—

Allstate Protection
8,018

 
7,814

 
15,977

 
15,537

Discontinued Lines and Coverages
—

 
—

 
—

 
—

Total property-liability insurance premiums
8,018

 
7,814

 
15,977

 
15,537

Net investment income
391

 
316

 
702

 
618

Realized capital gains and losses
85

 
26

 
220

 
(73
)
Total Property-Liability
8,494

 
8,156

 
16,899

 
16,082

Allstate Financial
 

 
 

 
 

 
 

Life and annuity premiums and contract charges
 

 
 

 
 

 
 

Premiums
 
 
 
 
 
 
 
Traditional life insurance
148

 
139

 
297

 
277

Accident and health insurance
233

 
214

 
465

 
430

Total premiums
381

 
353

 
762

 
707

Contract charges
 
 
 
 
 
 
 
Interest-sensitive life insurance
207

 
208

 
416

 
417

Fixed annuities
3

 
3

 
6

 
6

Total contract charges
210

 
211

 
422

 
423

Total life and annuity premiums and contract charges
591

 
564

 
1,184

 
1,130

Net investment income
496

 
435

 
922

 
854

Realized capital gains and losses
(4
)
 
—

 
(5
)
 
(49
)
Total Allstate Financial
1,083

 
999

 
2,101

 
1,935

Corporate and Other
 

 
 

 
 

 
 

Net investment income
10

 
11

 
21

 
21

Realized capital gains and losses
—

 
(2
)
 
—

 
(3
)
Total Corporate and Other
10

 
9

 
21

 
18

Consolidated revenues
$
9,587

 
$
9,164

 
$
19,021

 
$
18,035
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,
 
2017
 
2016
 
2017
 
2016
Property-Liability
 

 
 

 
 

 
 

Underwriting income
 

 
 

 
 

 
 

Allstate Protection
$
232

 
$
(64
)
 
$
741

 
$
63

Discontinued Lines and Coverages
(5
)
 
(2
)
 
(7
)
 
(4
)
Total underwriting income (loss)
227

 
(66
)
 
734

 
59

Net investment income
391

 
316

 
702

 
618

Income tax expense on operations
(196
)
 
(70
)
 
(451
)
 
(211
)
Realized capital gains and losses, after-tax
56

 
18

 
145

 
(46
)
Gain on disposition of operations, after-tax
6

 
—

 
6

 
—

Property-Liability net income applicable to common shareholders
484

 
198

 
1,136

 
420

Allstate Financial
 

 
 

 
 

 
 

Life and annuity premiums and contract charges
591

 
564

 
1,184

 
1,130

Net investment income
496

 
435

 
922

 
854

Contract benefits and interest credited to contractholder funds
(659
)
 
(633
)
 
(1,306
)
 
(1,272
)
Operating costs and expenses and amortization of deferred policy acquisition costs
(199
)
 
(189
)
 
(409
)
 
(383
)
Restructuring and related charges
(1
)
 
(1
)
 
(1
)
 
(1
)
Income tax expense on operations
(75
)
 
(56
)
 
(127
)
 
(104
)
Operating income
153

 
120

 
263

 
224

Realized capital gains and losses, after-tax
(3
)
 
—

 
(4
)
 
(32
)
Valuation changes on embedded derivatives that are not hedged, after-tax
(1
)
 
(4
)
 
(1
)
 
(8
)
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
)
 
(6
)
 
(2
)
Gain on disposition of operations, after-tax
—

 
1

 
2

 
2

Allstate Financial net income applicable to common shareholders
146

 
116

 
254

 
184

Corporate and Other
 

 
 

 
 

 
 
Net investment income
10

 
11

 
21

 
21

Operating costs and expenses
(92
)
 
(79
)
 
(185
)
 
(158
)
Income tax benefit on operations
31

 
26

 
61

 
51

Preferred stock dividends
(29
)
 
(29
)
 
(58
)
 
(58
)
Operating loss
(80
)
 
(71
)
 
(161
)
 
(144
)
Realized capital gains and losses, after-tax
—

 
(1
)
 
—

 
(1
)
Business combination expenses, after-tax
—

 
—

 
(13
)
 
—

Corporate and Other net loss applicable to common shareholders
(80
)
 
(72
)
 
(174
)
 
(145
)
Consolidated net income applicable to common shareholders
$
550

 
$
242

 
$
1,216

 
$
459