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Condensed Consolidated Statements of Operations (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues        
Other revenue $ 597 $ 563 $ 1,158 $ 1,123
Net investment income 610 562 1,185 1,156
Net gains (losses) on investments and derivatives (151) (733) (137) (1,000)
Total revenues 13,979 12,219 27,765 24,555
Costs and expenses        
Property and casualty insurance claims and claims expense 11,727 9,367 22,053 17,189
Accident, health and other policy benefits 258 265 523 533
Amortization of deferred policy acquisition costs 1,789 1,618 3,533 3,226
Operating costs and expenses 1,786 1,850 3,502 3,752
Pension and other postretirement remeasurement (gains) losses (40) 259 (93) 12
Restructuring and related charges 27 1 54 13
Amortization of purchased intangibles 82 87 163 174
Interest expense 98 83 184 166
Total costs and expenses 15,727 13,530 29,919 25,065
Loss from operations before income tax expense (1,748) (1,311) (2,154) (510)
Income tax benefit (373) (289) (458) (138)
Net loss (1,375) (1,022) (1,696) (372)
Less: Net loss attributable to noncontrolling interest (23) (9) (24) (19)
Net loss attributable to Allstate (1,352) (1,013) (1,672) (353)
Less: Preferred stock dividends 37 27 63 53
Net loss applicable to common shareholders, Basic (1,389) (1,040) (1,735) (406)
Net loss applicable to common shareholders, Diluted $ (1,389) $ (1,040) $ (1,735) $ (406)
Earnings per common share:        
Net loss applicable to common shareholders per common share - Basic (in dollars per share) $ (5.29) $ (3.80) $ (6.59) $ (1.47)
Weighted average common shares - Basic (in shares) 262.6 273.8 263.1 275.9
Net loss applicable to common shareholders per common share - Diluted (in dollars per share) $ (5.29) $ (3.80) $ (6.59) $ (1.47)
Weighted average common shares - Diluted (in shares) 262.6 273.8 263.1 275.9
Property and casualty insurance premiums        
Revenues        
Insurance premiums and contract charges $ 12,470 $ 11,362 $ 24,643 $ 22,343
Accident and health insurance premiums and contract charges        
Revenues        
Insurance premiums and contract charges $ 453 $ 465 $ 916 $ 933