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Condensed Consolidated Statements of Operations (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues    
Net investment income $ 594 $ 708
Net gains (losses) on investments and derivatives (267) 426
Total revenues 12,337 12,451
Costs and expenses    
Property and casualty insurance claims and claims expense 7,822 6,043
Accident, health and other policy benefits 269 242
Amortization of deferred policy acquisition costs 1,612 1,523
Operating costs and expenses 1,902 1,731
Pension and other postretirement remeasurement (gains) losses (247) (310)
Restructuring and related charges 12 51
Amortization of purchased intangibles 87 53
Interest expense 83 86
Total costs and expenses 11,540 9,419
Income from operations before income tax expense 797 3,032
Income tax expense 151 626
Net income from continuing operations 646 2,406
Income (loss) from discontinued operations, net of tax 0 (3,793)
Net income (loss) 646 (1,387)
Less: Net loss attributable to noncontrolling interest (10) (6)
Net income (loss) attributable to Allstate 656 (1,381)
Less: Preferred stock dividends 26 27
Net income (loss) applicable to common shareholders $ 630 $ (1,408)
Basic    
Earnings per common share - Continuing operations basic (in dollars per share) $ 2.27 $ 7.88
Earnings per common share - Discontinued operations basic (in dollars per share) 0 (12.53)
Earnings per common share - Basic (in dollars per share) 2.27 (4.65)
Diluted    
Earnings per common share - Continuing operations diluted (in dollars per share) 2.24 7.78
Earnings per common share - Discontinued operations diluted (in dollars per share) 0 (12.38)
Earnings per common share - Diluted (in dollars per share) $ 2.24 $ (4.60)
Weighted average common shares - Basic (in shares) 278.1 302.5
Weighted average common shares - Diluted (in shares) 281.8 306.4
Property and casualty insurance premiums    
Revenues    
Property and casualty insurance premiums $ 10,981 $ 10,307
Accident and health insurance premiums and contract charges    
Revenues    
Insurance premiums, commissions and fees 469 455
Other revenue    
Revenues    
Insurance premiums, commissions and fees $ 560 $ 555