XML 44 R3.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues      
Insurance premiums $ 44,039 $ 38,167 $ 37,221
Net investment income 3,293 1,590 1,728
Net gains (losses) on investments and derivatives 1,084 1,087 1,538
Total revenues 50,588 41,909 41,541
Costs and expenses      
Property and casualty insurance claims and claims expense (net of reinsurance ceded and indemnification programs of $3,484, $530 and $524) 29,318 22,001 23,976
Shelter-in-Place Payback expense 29 948 0
Accident and health insurance policy benefits (net of reinsurance ceded of $85, $15 and $12) 1,015 516 601
Interest credited to contractholder funds (net of reinsurance ceded of $1, zero and zero) 34 33 34
Amortization of deferred policy acquisition costs 6,252 5,477 5,353
Operating costs and expenses 7,260 5,494 5,422
Pension and other postretirement remeasurement (gains) losses (644) (51) 114
Restructuring and related charges 170 253 39
Amortization of purchased intangibles 376 118 126
Impairment of purchased intangibles 0 0 106
Interest expense 330 318 327
Total costs and expenses 44,140 35,107 36,098
Income from operations before income tax expense 6,448 6,802 5,443
Income tax expense 1,289 1,373 1,116
Net income from continuing operations 5,159 5,429 4,327
(Loss) income from discontinued operations, net of tax (3,593) 147 520
Net income 1,566 5,576 4,847
Less: Net loss attributable to noncontrolling interest (33) 0 0
Net income attributable to Allstate 1,599 5,576 4,847
Less: Preferred stock dividends 114 115 169
Net income applicable to common shareholders $ 1,485 $ 5,461 $ 4,678
Basic      
Continuing operations (in dollars per share) $ 17.23 $ 17.06 $ 12.67
Discontinued operations (in dollars per share) (12.19) 0.47 1.58
Earnings per common share - Basic (in dollars per share) 5.04 17.53 14.25
Diluted      
Continuing operations (in dollars per share) 16.98 16.84 12.47
Discontinued operations (in dollars per share) (12.02) 0.47 1.56
Earnings per common share - Diluted (in dollars per share) $ 4.96 $ 17.31 $ 14.03
Weighted average common shares - Basic (in shares) 294.8 311.6 328.2
Weighted average common shares - Diluted (in shares) 299.1 315.5 333.5
Property and casualty insurance premiums      
Revenues      
Insurance premiums $ 42,218 $ 37,073 $ 36,076
Accident and health insurance premiums      
Revenues      
Insurance premiums 1,821 1,094 1,145
Other revenue      
Revenues      
Other revenue $ 2,172 $ 1,065 $ 1,054