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Schedule II - Condensed Financial Information of Registrant | 12 Months Ended
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Dec. 31, 2018
Condensed Financial Information Disclosure [Abstract] |
Schedule II — Condensed Financial Information of Registrant | Schedule II — Condensed Financial Information of Registrant Statement of Operations
|  | Year Ended December 31,
($ in millions) |  | 2018 |  | 2017 |  | 2016
Revenues |  |  |  |  |  |
Investment income, less investment expense |  | $ | 25 |  |  | $ | 10 |  |  | $ | 11 |
Realized capital gains and losses |  | (10 | ) |  | (2 | ) |  | 2 |
Other income |  | 3 |  |  | 36 |  |  | 55 |
|  | 18 |  |  | 44 |  |  | 68 |
Expenses |  |  |  |  |  |
Interest expense |  | 337 |  |  | 334 |  |  | 295 |
Pension and other postretirement remeasurement gains and losses |  | 454 |  |  | (219 | ) |  | 264 |
Pension and other postretirement benefit expense |  | (116 | ) |  | (224 | ) |  | (159 | )
Other operating expenses |  | 50 |  |  | 50 |  |  | 28 |
|  | 725 |  |  | (59 | ) |  | 428 |
(Loss) gain from operations before income tax benefit and equity in net income of subsidiaries |  | (707 | ) |  | 103 |  |  | (360 | )
Income tax (benefit) expense |  | (136 | ) |  | 105 |  |  | (148 | )
Loss before equity in net income of subsidiaries |  | (571 | ) |  | (2 | ) |  | (212 | )
Equity in net income of subsidiaries |  | 2,731 |  |  | 3,556 |  |  | 2,020 |
Net income |  | 2,160 |  |  | 3,554 |  |  | 1,808 |
Preferred stock dividends |  | 148 |  |  | 116 |  |  | 116 |
Net income applicable to common shareholders |  | 2,012 |  |  | 3,438 |  |  | 1,692 |
Other comprehensive income (loss), after-tax |  |  |  |  |  |
Changes in: |  |  |  |  |  |
Unrealized net capital gains and losses |  | (754 | ) |  | 319 |  |  | 433 |
Unrealized foreign currency translation adjustments |  | (48 | ) |  | 45 |  |  | 9 |
Unamortized pension and other postretirement prior service credit |  | (59 | ) |  | (52 | ) |  | (33 | )
Other comprehensive (loss) income, after-tax |  | (861 | ) |  | 312 |  |  | 409 |
Comprehensive income |  | $ | 1,299 |  |  | $ | 3,866 |  |  | $ | 2,217 |
See accompanying notes to condensed financial information and notes to consolidated financial statements. The Allstate Corporation and Subsidiaries Schedule II (Continued) — Condensed Financial Information of Registrant Statement of Financial Position
($ in millions, except par value data) |  | December 31,
|  | 2018 |  | 2017
Assets |  |  |  |
Investments in subsidiaries |  | $ | 29,301 |  |  | $ | 29,126 |
Fixed income securities, at fair value (amortized cost $355 and $361) |  | 356 |  |  | 362 |
Short-term investments, at fair value (amortized cost $285 and $171) |  | 285 |  |  | 171 |
Receivable from subsidiaries |  | 426 |  |  | 427 |
Deferred income taxes |  | 225 |  |  | 124 |
Other assets |  | 92 |  |  | 150 |
Total assets |  | $ | 30,685 |  |  | $ | 30,360 |
Liabilities |  |  |  |
Long-term debt |  | $ | 6,451 |  |  | $ | 6,350 |
Pension and other postretirement benefit obligations |  | 1,050 |  |  | 675 |
Deferred compensation |  | 281 |  |  | 297 |
Payable to subsidiaries |  | 3 |  |  | — |
Notes due to subsidiaries |  | 1,250 |  |  | 250 |
Dividends payable to shareholders |  | 198 |  |  | 167 |
Other liabilities |  | 140 |  |  | 70 |
Total liabilities |  | 9,373 |  |  | 7,809 |
Shareholders’ equity |  |  |  |
Preferred stock and additional capital paid-in, $1 par value, 25 million shares authorized, 79.8 thousand and 72.2 thousand shares issued and outstanding, $1,995 and $1,805 aggregate liquidation preference |  | 1,930 |  |  | 1,746 |
Common stock, $.01 par value, 2.0 billion shares authorized and 900 million issued, 332 million and 355 million shares outstanding |  | 9 |  |  | 9 |
Additional capital paid-in |  | 3,310 |  |  | 3,313 |
Retained income |  | 44,033 |  |  | 41,579 |
Deferred ESOP expense |  | (3 | ) |  | (3 | )
Treasury stock, at cost (568 million and 545 million shares) |  | (28,085 | ) |  | (25,982 | )
Accumulated other comprehensive income: |  |  |  |
Unrealized net capital gains and losses |  | (2 | ) |  | 1,662 |
Unrealized foreign currency translation adjustments |  | (49 | ) |  | (1 | )
Unamortized pension and other postretirement prior service credit |  | 169 |  |  | 228 |
Total accumulated other comprehensive income |  | 118 |  |  | 1,889 |
Total shareholders’ equity |  | 21,312 |  |  | 22,551 |
Total liabilities and shareholders’ equity |  | $ | 30,685 |  |  | $ | 30,360 |
See accompanying notes to condensed financial information and notes to consolidated financial statements. The Allstate Corporation and Subsidiaries Schedule II (Continued) — Condensed Financial Information of Registrant Statement of Cash Flows
($ in millions) |  | Years Ended December 31,
|  | 2018 |  | 2017 |  | 2016
Cash flows from operating activities |  |  |  |  |  |
Net income |  | $ | 2,160 |  |  | $ | 3,554 |  |  | $ | 1,808 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |
Equity in net income of subsidiaries |  | (2,731 | ) |  | (3,556 | ) |  | (2,020 | )
Dividends received from subsidiaries |  | 2,059 |  |  | 1,671 |  |  | 1,874 |
Realized capital gains and losses |  | 10 |  |  | 2 |  |  | (2 | )
Pension and other postretirement remeasurement gains and losses |  | 454 |  |  | (219 | ) |  | 264 |
Changes in: |  |  |  |  |  |
Pension and other postretirement benefits |  | (116 | ) |  | (224 | ) |  | (159 | )
Income taxes |  | (28 | ) |  | 232 |  |  | (20 | )
Operating assets and liabilities |  | 160 |  |  | 56 |  |  | 43 |
Net cash provided by operating activities |  | 1,968 |  |  | 1,516 |  |  | 1,788 |
Cash flows from investing activities |  |  |  |  |  |
Proceeds from sales of investments |  | 1,370 |  |  | 880 |  |  | 389 |
Proceeds from sales of investments to subsidiaries |  | 390 |  |  | — |  |  | — |
Investment purchases |  | (1,037 | ) |  | (748 | ) |  | (243 | )
Investment collections |  | 108 |  |  | 13 |  |  | 60 |
Capital contribution or return of capital from subsidiaries |  | (975 | ) |  | 42 |  |  | (1,500 | )
Transfers to subsidiaries through intercompany loan agreement |  | — |  |  | — |  |  | (30 | )
Change in short-term investments, net |  | (115 | ) |  | 48 |  |  | 58 |
Net cash (used in) provided by investing activities |  | (259 | ) |  | 235 |  |  | (1,266 | )
Cash flows from financing activities |  |  |  |  |  |
Proceeds from borrowings from subsidiaries |  | 1,250 |  |  | 300 |  |  | — |
Repayment of notes due to subsidiaries |  | (250 | ) |  | (50 | ) |  | — |
Proceeds from issuance of long-term debt |  | 498 |  |  | — |  |  | 1,236 |
Redemption of preferred stock |  | (385 | ) |  | — |  |  | — |
Redemption and repayment of long-term debt |  | (400 | ) |  | — |  |  | (17 | )
Proceeds from issuance of preferred stock |  | 557 |  |  | — |  |  | — |
Dividends paid on common stock |  | (614 | ) |  | (525 | ) |  | (486 | )
Dividends paid on preferred stock |  | (134 | ) |  | (116 | ) |  | (116 | )
Treasury stock purchases |  | (2,303 | ) |  | (1,495 | ) |  | (1,337 | )
Shares reissued under equity incentive plans, net |  | 73 |  |  | 135 |  |  | 164 |
Excess tax benefits on share-based payment arrangements |  | — |  |  | — |  |  | 32 |
Other |  | (1 | ) |  | (2 | ) |  | — |
Net cash used in financing activities |  | (1,709 | ) |  | (1,753 | ) |  | (524 | )
Net decrease in cash |  | — |  |  | (2 | ) |  | (2 | )
Cash at beginning of year |  | — |  |  | 2 |  |  | 4 |
Cash at end of year |  | $ | — |  |  | $ | — |  |  | $ | 2 |
See accompanying notes to condensed financial information and notes to consolidated financial statements. The Allstate Corporation and Subsidiaries Schedule II (Continued) — Condensed Financial Information of Registrant Notes to Condensed Financial Information 1. General Pursuant to rules and regulations of the SEC, the unconsolidated condensed financial statements of the Parent Company do not reflect all of the information and notes normally included with financial statements prepared in accordance with GAAP. Therefore, these condensed financial statements of the Registrant should be read in conjunction with the consolidated financial statements and notes thereto included in Item 8. The long-term debt presented in Note 12 “Capital Structure” are direct obligations of the Registrant. A majority of the pension and other postretirement benefits plans presented in Note 17 “Benefit Plans” are direct obligations of the Registrant. Participating subsidiaries fund the pension plans contributions under a master services cost sharing agreement. In addition, as a result of joint and several pension liability rules under the Internal Revenue Code and the Employee Retirement Income Security Act of 1974, as amended, many liabilities that arise in connection with pension plans are joint and several across all members of a controlled group of entities. 2. Notes due to subsidiaries On October 11, 2018 and December 18, 2018 the Registrant issued $250 million and $1.00 billion notes, with a rate of 2.49% and 3.03% due on April 11, 2019 and June 18, 2019 respectively, both to its wholly owned subsidiary Kennett Capital Inc. The proceeds of these issuances were used for cash management purposes. On December 11, 2017, the Registrant issued $125 million and $175 million notes, each with a rate of 1.59% and due on June 11, 2018, to its wholly owned subsidiaries Kennett Capital Inc. and Allstate Non-Insurance Holdings Inc (“ANIHI”), respectively. The proceeds of these issuances were used for cash management purposes. On December 20, 2017, the Registrant repaid $50 million to ANIHI. On April 17, 2018, the Registrant repaid $125 million and $125 million to Kennett Capital Inc. and ANIHI, respectively. 3. Supplemental Disclosures of Cash Flow Information The Registrant paid $330 million, $331 million and $287 million of interest on debt in 2018, 2017 and 2016, respectively.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.9-06) -URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884 + Details
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