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Condensed Consolidated Statements of Operations (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues        
Other revenue $ 781 $ 592 $ 2,129 $ 1,750
Net investment income 783 689 2,259 1,874
Net gains (losses) on investments and derivatives 243 (86) (24) (223)
Total revenues 16,627 14,497 47,600 42,262
Costs and expenses        
Accident, health and other policy benefits (including remeasurement (gains) losses of $1, $0, $1 and $0) 317 262 904 785
Amortization of deferred policy acquisition costs 2,037 1,841 5,977 5,374
Operating costs and expenses 2,217 1,771 6,121 5,273
Pension and other postretirement remeasurement (gains) losses 26 149 15 56
Restructuring and related charges 28 87 51 141
Amortization of purchased intangibles 71 83 210 246
Interest expense 104 88 299 272
Total costs and expenses 15,209 14,518 44,288 44,437
Income (loss) from operations before income tax expense 1,418 (21) 3,312 (2,175)
Income tax expense (benefit) 254 (17) 603 (475)
Net income (loss) 1,164 (4) 2,709 (1,700)
Less: Net (loss) income attributable to noncontrolling interest (26) 1 (30) (23)
Net income (loss) attributable to Allstate 1,190 (5) 2,739 (1,677)
Less: Preferred stock dividends 29 36 88 99
Net income (loss) applicable to common shareholders, basic 1,161 (41) 2,651 (1,776)
Net income (loss) applicable to common shareholders, diluted $ 1,161 $ (41) $ 2,651 $ (1,776)
Earnings per common share:        
Net income (loss) applicable to common shareholders per common share - Basic (in dollars per share) $ 4.39 $ (0.16) $ 10.04 $ (6.76)
Weighted average common shares - Basic (in shares) 264.6 261.8 264.1 262.6
Net income (loss) applicable to common shareholders per common share - Diluted (in dollars per share) $ 4.33 $ (0.16) $ 9.91 $ (6.76)
Weighted average common shares - Diluted (in shares) 268.0 261.8 267.4 262.6
Property and casualty insurance premiums        
Revenues        
Insurance premiums and contract charges $ 14,333 $ 12,839 $ 41,797 $ 37,482
Costs and expenses        
Property and casualty insurance claims and claims expense 10,409 10,237 30,711 32,290
Accident and health insurance premiums and contract charges        
Revenues        
Insurance premiums and contract charges $ 487 $ 463 $ 1,439 $ 1,379