Reportable Segments (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of business segments net income disclosures

A reconciliation of these measures to net income (loss) applicable to common shareholders is provided below.


Reportable segments financial performance
	For the years ended December 31,
($ in millions)	2021		2020		2019
Underwriting income (loss) by segment
Allstate Protection	$	1,785	$	4,569	$	2,921
Run-off Property-Liability	(120)		(144)		(108)
Total Property-Liability	1,665		4,425		2,813

Adjusted net income (loss) by segment, after-tax
Protection Services	179		153		38
Allstate Health and Benefits	208		96		115
Corporate and Other	(433)		(428)		(438)

Reconciling items
Property-Liability net investment income	3,118		1,421		1,533
Net gains (losses) on investments and derivatives	1,084		1,087		1,538
Pension and other postretirement remeasurement gains (losses)	644		51		(114)
Curtailment gains (losses)	—		8		—
Business combination expenses and amortization of purchased intangibles (1)	(157)		(106)		(122)
Business combination fair value adjustment	6		—		—
Impairment of purchased intangibles (1)	—		—		(55)
Income tax (expense) benefit on reconciling items	(1,270)		(1,393)		(1,150)
Total reconciling items	3,425		1,068		1,630

(Loss) income from discontinued operations	(3,612)		157		646
Income tax benefit (expense) from discontinued operations	19		(10)		(126)
Total from discontinued operations	$	(3,593)	$	147	$	520

Less: Net loss attributable to noncontrolling interest (2)	(34)		—		—

Net income applicable to common shareholders	$	1,485	$	5,461	$	4,678

(1)Excludes amortization or impairment of purchased intangibles in Property-Liability, which is included above in underwriting income.

(2)Reflects net loss attributable to noncontrolling interest in Property-Liability.

Schedule of business segments revenue disclosures


Reportable segments revenue information
	For the years ended December 31,
($ in millions)	2021		2020		2019
Property-Liability
Insurance premiums
Auto	$	27,623	$	24,640	$	24,188
Homeowners	9,927		8,254		7,912
Other personal lines	2,077		1,919		1,861
Commercial lines	827		767		882

Allstate Protection	40,454		35,580		34,843
Run-off Property-Liability	—		—		—
Total Property-Liability insurance premiums	40,454		35,580		34,843
Other revenue	1,437		857		866
Net investment income	3,118		1,421		1,533
Net gains (losses) on investments and derivatives	1,021		990		1,470
Total Property-Liability	46,030		38,848		38,712

Protection Services
Protection Plans	1,132		909		633
Roadside assistance	192		188		238
Finance and insurance products	440		396		362
Intersegment premiums and service fees (1)	175		147		154
Other revenue	354		208		188
Net investment income	43		44		42
Net gains (losses) on investments and derivatives	25		30		32
Total Protection Services	2,361		1,922		1,649

Allstate Health and Benefits
Employer voluntary benefits	1,031		1,094		1,145
Group health	350		—		—
Individual health	440		—		—
Other revenue	359		—		—
Net investment income	74		78		83
Net gains (losses) on investments and derivatives	7		8		12
Total Allstate Health and Benefits	2,261		1,180		1,240

Corporate and Other
Other revenue	22		—		—
Net investment income	58		47		70
Net gains (losses) on investments and derivatives	31		59		24
Total Corporate and Other	111		106		94

Intersegment eliminations (1)	(175)		(147)		(154)
Consolidated revenues	$	50,588	$	41,909	$	41,541

(1)Intersegment insurance premiums and service fees are primarily related to Arity and Allstate Roadside and are eliminated in the consolidated financial statements.

Additional significant financial performance data


Additional significant financial performance data
	For the years ended December 31,
($ in millions)	2021		2020		2019
Amortization of DAC
Property-Liability	$	5,313	$	4,642	$	4,649
Protection Services	795		658		543
Allstate Health and Benefits	144		177		161
Consolidated	$	6,252	$	5,477	$	5,353


Income tax expense (benefit)
Property-Liability	$	1,151	$	1,382	$	1,196
Protection Services	39		26		(18)
Allstate Health and Benefits	50		28		35
Corporate and Other	49		(63)		(97)
Consolidated	$	1,289	$	1,373	$	1,116

Summarized data for total assets and investments


Reportable segment total assets, investments and deferred policy acquisition costs
	As of December 31,
($ in millions)	2021		2020
Assets
Property-Liability	$	84,846	$	69,171
Protection Services	6,909		6,177
Allstate Health and Benefits	4,015		2,905
Corporate and Other	3,670		5,603
Assets held for sale	—		42,131
Consolidated	$	99,440	$	125,987

Investments (1)
Property-Liability	$	57,258	$	50,134
Protection Services	1,890		1,822
Allstate Health and Benefits	2,191		2,012
Corporate and Other	3,362		5,572
Consolidated	$	64,701	$	59,540

Deferred policy acquisition costs
Property-Liability	$	1,951	$	1,608
Protection Services	2,294		1,696
Allstate Health and Benefits	477		470
Consolidated	$	4,722	$	3,774

(1)The balances reflect the elimination of related party investments between segments.