Reportable Segments (Tables)

3 Months Ended

Mar. 31, 2024

Schedule of Reportable Segments Financial Performance

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


Reportable segments financial performance
	Three months ended March 31,
($ in millions)	2024		2023
Underwriting income (loss) by segment
Allstate Protection	$	903	$	(998)
Run-off Property-Liability	(5)		(3)
Total Property-Liability	898		(1,001)

Adjusted net income (loss) by segment, after-tax
Protection Services	54		34
Allstate Health and Benefits	56		56
Corporate and Other	(106)		(89)

Reconciling items
Allstate Protection and Run-off Property-Liability net investment income	702		509
Net gains (losses) on investments and derivatives	(164)		14
Pension and other postretirement remeasurement gains (losses)	2		53

Amortization of purchased intangibles (1)	(18)		(24)

Gain (loss) on disposition	4		9

Income tax (expense) benefit on reconciling items (2)	(259)		92
Total reconciling items	267		653

Less: Net loss attributable to noncontrolling interest (3)	(20)		(1)

Net income (loss) applicable to common shareholders	$	1,189	$	(346)

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

(2)The tax computation of the reporting segments and income tax benefit (expense) on reconciling items to net income (loss) are computed discretely based on the tax law of the jurisdictions applicable to the reporting entities.

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

Schedule of Reportable Segments Revenue Information


Reportable segments revenue information
($ in millions)	Three months ended March 31,
	2024		2023
Property-Liability
Insurance premiums
Auto	$	8,778	$	7,908
Homeowners	3,154		2,810
Other personal lines	659		562
Commercial lines	169		232
Other business lines	140		123
Allstate Protection	12,900		11,635
Run-off Property-Liability	—		—
Total Property-Liability insurance premiums	12,900		11,635
Other revenue	430		353
Net investment income	702		509
Net gains (losses) on investments and derivatives	(162)		12
Total Property-Liability	13,870		12,509

Protection Services
Protection plans	439		361
Roadside assistance	47		49
Protection and insurance products	126		128
Intersegment premiums and service fees (1)	35		33
Other revenue	85		84
Net investment income	21		16
Net gains (losses) on investments and derivatives	(5)		(1)
Total Protection Services	748		670

Allstate Health and Benefits
Employer voluntary benefits	248		255
Group health	118		107
Individual health	112		101
Other revenue	134		101
Net investment income	23		19
Net gains (losses) on investments and derivatives	2		2
Total Allstate Health and Benefits	637		585

Corporate and Other
Other revenue	20		23
Net investment income	18		31
Net gains (losses) on investments and derivatives	1		1
Total Corporate and Other	39		55

Intersegment eliminations (1)	(35)		(33)
Consolidated revenues	$	15,259	$	13,786

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