Reportable Segments (Tables)

12 Months Ended

Dec. 31, 2022

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)	2022		2021		2020
Underwriting income (loss) by segment
Allstate Protection	$	(2,782)	$	1,785	$	4,569
Run-off Property-Liability	(129)		(120)		(144)
Total Property-Liability	(2,911)		1,665		4,425

Adjusted net income (loss) by segment, after-tax
Protection Services	169		179		153
Allstate Health and Benefits	222		208		96
Corporate and Other	(422)		(433)		(428)

Reconciling items
Property-Liability net investment income	2,190		3,118		1,421
Net gains (losses) on investments and derivatives	(1,072)		1,084		1,087
Pension and other postretirement remeasurement gains (losses)	(116)		644		51

Curtailment gains (losses)	—		—		8
Business combination expenses and amortization of purchased intangibles (1)	(113)		(157)		(106)
Business combination fair value adjustment	—		6		—
Gain (loss) on disposition (2)	89		—		—

Income tax benefit (expense) on reconciling items and other	496		(1,270)		(1,393)
Total reconciling items	1,474		3,425		1,068

Income (loss) from discontinued operations	—		(3,612)		157
Income tax benefit (expense) from discontinued operations	—		19		(10)
Total from discontinued operations	$	—	$	(3,593)	$	147

Less: Net loss attributable to noncontrolling interest (3)	(52)		(34)		—

Net (loss) income applicable to common shareholders	$	(1,416)	$	1,485	$	5,461

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

(2)Includes $83 million related to the gain on sale of headquarters in the fourth quarter of 2022 reported as other revenue in Corporate and Other segment.

(3)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)	2022		2021		2020
Property-Liability
Insurance premiums
Auto	$	29,715	$	27,623	$	24,640
Homeowners	10,912		9,927		8,254
Other personal lines	2,159		2,077		1,919
Commercial lines	1,123		827		767
Allstate Protection	43,909		40,454		35,580
Run-off Property-Liability	—		—		—
Total Property-Liability insurance premiums	43,909		40,454		35,580
Other revenue	1,416		1,437		857
Net investment income	2,190		3,118		1,421
Net gains (losses) on investments and derivatives	(877)		1,021		990
Total Property-Liability	46,638		46,030		38,848

Protection Services
Protection Plans	1,307		1,132		909
Roadside assistance	202		192		188
Finance and insurance products	486		440		396
Intersegment premiums and service fees (1)	149		175		147
Other revenue	347		354		208
Net investment income	48		43		44
Net gains (losses) on investments and derivatives	(52)		25		30
Total Protection Services	2,487		2,361		1,922

Allstate Health and Benefits
Employer voluntary benefits	1,036		1,031		1,094
Group health	385		350		—
Individual health	412		440		—
Other revenue	402		359		—
Net investment income	69		74		78
Net gains (losses) on investments and derivatives	(44)		7		8
Total Allstate Health and Benefits	2,260		2,261		1,180

Corporate and Other
Other revenue	179		22		—
Net investment income	96		58		47
Net gains (losses) on investments and derivatives	(99)		31		59
Total Corporate and Other	176		111		106

Intersegment eliminations (1)	(149)		(175)		(147)
Consolidated revenues	$	51,412	$	50,588	$	41,909

(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)	2022		2021		2020
Amortization of DAC
Property-Liability	$	5,570	$	5,313	$	4,642
Protection Services	928		795		658
Allstate Health and Benefits	146		144		177
Consolidated	$	6,644	$	6,252	$	5,477

Income tax expense (benefit)
Property-Liability	$	(427)	$	1,151	$	1,382
Protection Services	5		39		26
Allstate Health and Benefits	39		50		28
Corporate and Other	(111)		49		(63)
Consolidated	$	(494)	$	1,289	$	1,373

Summarized data for total assets and investments


Reportable segment total assets, investments and deferred policy acquisition costs
	As of December 31,
($ in millions)	2022		2021
Assets
Property-Liability	$	82,744	$	84,846
Protection Services	6,922		6,909
Allstate Health and Benefits	3,720		4,015
Corporate and Other	4,571		3,670
Consolidated	$	97,957	$	99,440

Investments (1)
Property-Liability	$	54,011	$	57,258
Protection Services	1,917		1,890
Allstate Health and Benefits	1,872		2,191
Corporate and Other	4,029		3,362
Consolidated	$	61,829	$	64,701

Deferred policy acquisition costs
Property-Liability	$	2,146	$	1,951
Protection Services	2,768		2,294
Allstate Health and Benefits	504		477
Consolidated	$	5,418	$	4,722

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