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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Schedule of unearned premiums
The portion of premiums written applicable to the unexpired terms of the policies is recorded as unearned premiums.
Unearned premiums
December 31,
($ in millions)20212020
Allstate Protection$15,762 $12,772 
Protection Services
4,054 3,167 
Total$19,816 $15,939 
Allowance for credit loss
Rollforward of credit loss allowance for premium installment receivables
For the years ended December 31,
($ in millions)
2021
2020
Beginning balance$(153)$(91)
Increase in the provision for credit losses(293)(223)
Write-off of uncollectible premium installment receivable amounts339 161 
Ending balance$(107)$(153)
Allowance for credit losses
As of December 31,
($ in millions)20212020
Fixed income securities$6 $2 
Mortgage loans (1)
6 67 
Bank loans (1)
61 67 
Investments73 136 
Premium installment receivables107 153 
Reinsurance recoverables74 60 
Other assets26 17 
Assets280 366 
Commitments to fund mortgage loans and bank loans— 1 
Liabilities— 1 
Total$280 $367 
(1)Includes credit loss allowance for investments that are classified as held for sale as of December 31, 2020.
Rollforward of credit loss allowance for fixed income securities
For the years ended December 31,
($ in millions)20212020
Beginning balance$(2)$— 
Credit losses on securities for which credit losses not previously reported(5)(2)
Net decreases related to credit losses previously reported
1 — 
Reduction of allowance related to sales— — 
Write-offs— — 
Ending balance (1)
$(6)$(2)
(1)Allowance for fixed income securities as of December 31, 2021 comprised $6 million of corporate bonds. Allowance for fixed income securities as of December 31, 2020 comprised $1 million and $1 million of corporate bonds and ABS, respectively.
Rollforward of credit loss allowance for mortgage loans
For the years ended December 31,
($ in millions)20212020
Beginning balance$(67)$(3)
Cumulative effect of change in accounting principle— (42)
Net decreases related to credit losses
40 (39)
Reduction of allowance related to sales21 17 
Write-offs— — 
Ending balance (1)
$(6)$(67)
(1)Includes $59 million of credit loss allowance for mortgage loans that are classified as held for sale as of December 31, 2020.
Rollforward of credit loss allowance for bank loans
For the years ended December 31,
($ in millions)20212020
Beginning balance$(67)$— 
Cumulative effect of change in accounting principle— (53)
Net increases related to credit losses
(15)(28)
Reduction of allowance related to sales21 9 
Write-offs— 5 
Ending balance (1)
$(61)$(67)
(1)Includes $16 million of credit loss allowance for bank loans that are classified as held for sale as of December 31, 2020.
Schedule of goodwill by reporting unit The Company’s goodwill reporting units are equivalent to its reportable segments, Allstate Protection, Protection Services, and Allstate Health and Benefits to which goodwill has been assigned.
Goodwill by reporting unit
December 31,
($ in millions)20212020
Allstate Protection$1,563 $810 
Protection Services
1,494 1,463 
Allstate Health and Benefits445 96 
Total$3,502 $2,369 
Schedule of finite-lived intangible assets, future amortization expense
Amortization expense of intangible assets for the next five years and thereafter
($ in millions)
2022$342 
2023291 
2024226 
2025179 
202692 
Thereafter151 
Total amortization$1,281 
Estimated amortization expense of National General intangible assets for the next five years and thereafter
($ in millions)
2022$218 
2023185 
2024135 
2025103 
202670 
Thereafter140 
Total amortization$851 
Schedule of indefinite-lived intangible assets
Intangible assets by type
December 31,
($ in millions)20212020
Customers relationships$909 $322 
Trade names and licenses 206 37 
Technology and other305 94 
Total$1,420 $453 
Intangible assets by type
($ in millions)January 4, 2021
Distribution and customer relationships$795 
Trade names102 
Licenses 97 
Technology205 
Total$1,199 
Schedule of finite-lived intangible assets
Intangible assets by type
December 31,
($ in millions)20212020
Customers relationships$909 $322 
Trade names and licenses 206 37 
Technology and other305 94 
Total$1,420 $453 
Other information related to operating leases
Other information related to operating leases
December 31,
20212020
Weighted average remaining lease term (years)55
Weighted average discount rate3.09 %3.10 %
Maturity of lease liabilities
Maturity of lease liabilities
($ in millions)Operating leases
2022$95 
2023125 
2024101 
202579 
202648 
Thereafter56 
Total lease payments $504 
Less: interest(39)
Present value of lease liabilities$465 
Computation of basic and diluted earnings per common share
Computation of basic and diluted earnings per common share
For the years ended December 31,
($ in millions, except per share data)202120202019
Numerator:
Net income from continuing operations$5,159 $5,429 $4,327 
Less: Net loss attributable to noncontrolling interest(33)— — 
Net income from continuing operations attributable to Allstate5,192 5,429 4,327 
Less: Preferred stock dividends
114 115 169 
Net income from continuing operations applicable to common shareholders5,078 5,314 4,158 
(Loss) income from discontinued operations, net of tax(3,593)147 520 
Net income applicable to common shareholders$1,485 $5,461 $4,678 
Denominator:
Weighted average common shares outstanding
294.8 311.6 328.2 
Effect of dilutive potential common shares:
Stock options
2.7 2.2 3.2 
Restricted stock units (non-participating) and performance stock awards
1.6 1.7 2.1 
Weighted average common and dilutive potential common shares outstanding
299.1 315.5 333.5 
Earnings per share applicable to common shareholders
Basic
Continuing operations$17.23 $17.06 $12.67 
Discontinued operations(12.19)0.47 1.58 
Total
$5.04 $17.53 $14.25 
Diluted
Continuing operations$16.98 $16.84 $12.47 
Discontinued operations(12.02)0.47 1.56 
Total
$4.96 $17.31 $14.03 
Anti-dilutive options excluded from diluted earnings per common share1.3 2.9 3.7