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Condensed Consolidated Statements of Operations (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues    
Net investment income $ 708 $ 246
Realized capital gains (losses) 426 (162)
Total revenues 12,451 9,866
Costs and expenses    
Property and casualty insurance claims and claims expense 6,043 5,341
Shelter-in-Place Payback expense 0 210
Accident and health insurance policy benefits 233 141
Interest credited to contractholder funds 9 9
Amortization of deferred policy acquisition costs 1,523 1,365
Operating costs and expenses 1,731 1,338
Pension and other postretirement remeasurement (gains) losses (310) 318
Restructuring and related charges 51 4
Amortization of purchased intangibles 53 28
Interest expense 86 81
Total costs and expenses 9,419 8,835
Income from operations before income tax expense 3,032 1,031
Income tax expense 626 194
Net income from continuing operations 2,406 837
Loss from discontinued operations, net of tax (3,793) (288)
Net (loss) income (1,387) 549
Less: Net loss attributable to noncontrolling interest (6) 0
Net (loss) income attributable to Allstate (1,381) 549
Less: Preferred stock dividends 27 36
Net (loss) income applicable to common shareholders $ (1,408) $ 513
Basic    
Earnings per common share - Continuing operations basic (in dollars per share) $ 7.88 $ 2.52
Earnings per common share - Discontinued operations basic (in dollars per share) (12.53) (0.90)
Earnings per common share - Basic (in dollars per share) (4.65) 1.62
Diluted    
Earnings per common share - Continuing operations diluted (in dollars per share) 7.78 2.48
Earnings per common share - Discontinued operations diluted (in dollars per share) (12.38) (0.89)
Earnings per common share - Diluted (in dollars per share) $ (4.60) $ 1.59
Weighted average common shares - Basic (in shares) 302.5 317.4
Weighted average common shares - Diluted (in shares) 306.4 322.4
Property and casualty insurance premiums    
Revenues    
Property and casualty insurance premiums $ 10,307 $ 9,235
Accident and health insurance premiums and contract charges    
Revenues    
Insurance premiums, commissions and fees 455 282
Other revenue    
Revenues    
Insurance premiums, commissions and fees $ 555 $ 265