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Reportable Segments (Tables)
 9 Months Ended
Sep. 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 September 30,
 
Nine months ended September 30,
 
2017
 
2016
 
2017
 
2016
Property-Liability
 

 
 

 
 

 
 

Property-liability insurance premiums
 

 
 

 
 

 
 

Auto
$
5,502

 
$
5,353

 
$
16,327

 
$
15,879

Homeowners
1,832

 
1,813

 
5,462

 
5,438

Other personal lines
439

 
426

 
1,306

 
1,271

Commercial lines
124

 
127

 
367

 
383

Other business lines
146

 
150

 
429

 
435

SquareTrade
78

 
—

 
207

 
—

Allstate Protection
8,121

 
7,869

 
24,098

 
23,406

Discontinued Lines and Coverages
—

 
—

 
—

 
—

Total property-liability insurance premiums
8,121

 
7,869

 
24,098

 
23,406

Net investment income
372

 
310

 
1,074

 
928

Realized capital gains and losses
82

 
53

 
302

 
(20
)
Total Property-Liability
8,575

 
8,232

 
25,474

 
24,314

Allstate Financial
 

 
 

 
 

 
 

Life and annuity premiums and contract charges
 

 
 

 
 

 
 

Premiums
 
 
 
 
 
 
 
Traditional life insurance
153

 
145

 
450

 
422

Accident and health insurance
232

 
216

 
697

 
646

Total premiums
385

 
361

 
1,147

 
1,068

Contract charges
 
 
 
 
 
 
 
Interest-sensitive life insurance
204

 
206

 
620

 
623

Fixed annuities
4

 
4

 
10

 
10

Total contract charges
208

 
210

 
630

 
633

Total life and annuity premiums and contract charges
593

 
571

 
1,777

 
1,701

Net investment income
461

 
427

 
1,383

 
1,281

Realized capital gains and losses
21

 
(21
)
 
16

 
(70
)
Total Allstate Financial
1,075

 
977

 
3,176

 
2,912

Corporate and Other
 

 
 

 
 

 
 

Net investment income
10

 
11

 
31

 
32

Realized capital gains and losses
—

 
1

 
—

 
(2
)
Total Corporate and Other
10

 
12

 
31

 
30

Consolidated revenues
$
9,660

 
$
9,221

 
$
28,681

 
$
27,256
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 September 30,
 
Nine months ended September 30,
 
2017
 
2016
 
2017
 
2016
Property-Liability
 

 
 

 
 

 
 

Underwriting income
 

 
 

 
 

 
 

Allstate Protection
$
517

 
$
455

 
$
1,258

 
$
518

Discontinued Lines and Coverages
(88
)
 
(100
)
 
(95
)
 
(104
)
Total underwriting income
429

 
355

 
1,163

 
414

Net investment income
372

 
310

 
1,074

 
928

Income tax expense on operations
(252
)
 
(218
)
 
(703
)
 
(429
)
Realized capital gains and losses, after-tax
54

 
36

 
199

 
(10
)
Gain on disposition of operations, after-tax
1

 
—

 
7

 
—

Property-Liability net income applicable to common shareholders
604

 
483

 
1,740

 
903

Allstate Financial
 

 
 

 
 

 
 

Life and annuity premiums and contract charges
593

 
571

 
1,777

 
1,701

Net investment income
461

 
427

 
1,383

 
1,281

Contract benefits and interest credited to contractholder funds
(629
)
 
(667
)
 
(1,935
)
 
(1,939
)
Operating costs and expenses and amortization of deferred policy acquisition costs
(188
)
 
(194
)
 
(597
)
 
(577
)
Restructuring and related charges
(1
)
 
—

 
(2
)
 
(1
)
Income tax expense on operations
(79
)
 
(43
)
 
(206
)
 
(147
)
Operating income
157

 
94

 
420

 
318

Realized capital gains and losses, after-tax
13

 
(14
)
 
9

 
(46
)
Valuation changes on embedded derivatives that are not hedged, after-tax
(1
)
 
—

 
(2
)
 
(8
)
DAC and DSI amortization related to realized capital gains and losses and valuation changes on embedded derivatives that are not hedged, after-tax
(2
)
 
(1
)
 
(8
)
 
(3
)
Gain on disposition of operations, after-tax
1

 
1

 
3

 
3

Allstate Financial net income applicable to common shareholders
168

 
80

 
422

 
264

Corporate and Other
 

 
 

 
 

 
 
Net investment income
10

 
11

 
31

 
32

Operating costs and expenses
(175
)
 
(80
)
 
(360
)
 
(238
)
Income tax benefit on operations
60

 
26

 
121

 
77

Preferred stock dividends
(29
)
 
(29
)
 
(87
)
 
(87
)
Operating loss
(134
)
 
(72
)
 
(295
)
 
(216
)
Realized capital gains and losses, after-tax
—

 
—

 
—

 
(1
)
Business combination expenses, after-tax
(1
)
 
—

 
(14
)
 
—

Corporate and Other net loss applicable to common shareholders
(135
)
 
(72
)
 
(309
)
 
(217
)
Consolidated net income applicable to common shareholders
$
637

 
$
491

 
$
1,853

 
$
950