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Condensed Consolidated Statements of Operations (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Other revenue $ 679 $ 597 $ 1,348 $ 1,158
Net investment income 712 610 1,476 1,185
Net gains (losses) on investments and derivatives (103) (151) (267) (137)
Total revenues 15,714 13,979 30,973 27,765
Costs and expenses        
Accident, health and other policy benefits 291 258 587 523
Amortization of deferred policy acquisition costs 2,001 1,789 3,940 3,533
Operating costs and expenses 2,019 1,786 3,904 3,502
Pension and other postretirement remeasurement (gains) losses (9) (40) (11) (93)
Restructuring and related charges 13 27 23 54
Amortization of purchased intangibles 70 82 139 163
Interest expense 98 98 195 184
Total costs and expenses 15,284 15,727 29,079 29,919
Income (loss) from operations before income tax expense 430 (1,748) 1,894 (2,154)
Income tax expense (benefit) 83 (373) 349 (458)
Net income (loss) 347 (1,375) 1,545 (1,696)
Less: Net income (loss) attributable to noncontrolling interest 16 (23) (4) (24)
Net income (loss) attributable to Allstate 331 (1,352) 1,549 (1,672)
Less: Preferred stock dividends 30 37 59 63
Net income (loss) applicable to common shareholders, basic 301 (1,389) 1,490 (1,735)
Net income (loss) applicable to common shareholders, diluted $ 301 $ (1,389) $ 1,490 $ (1,735)
Earnings per common share:        
Net income (loss) applicable to common shareholders per common share - Basic (in dollars per share) $ 1.14 $ (5.29) $ 5.65 $ (6.59)
Weighted average common shares - Basic (in shares) 264.1 262.6 263.8 263.1
Net income (loss) applicable to common shareholders per common share - Diluted (in dollars per share) $ 1.13 $ (5.29) $ 5.58 $ (6.59)
Weighted average common shares - Diluted (in shares) 267.1 262.6 266.8 263.1
Property and casualty insurance premiums        
Revenues        
Insurance premiums and contract charges $ 13,952 $ 12,470 $ 27,464 $ 24,643
Costs and expenses        
Property and casualty insurance claims and claims expense 10,801 11,727 20,302 22,053
Accident and health insurance premiums and contract charges        
Revenues        
Insurance premiums and contract charges $ 474 $ 453 $ 952 $ 916