XML 29 R12.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Reportable Segments | 9 Months Ended
--- | ---
Sep. 30, 2022
Segment Reporting [Abstract] |
Reportable Segments |
Note 4 | Reportable Segments
Measuring segment profit or loss The measure of segment profit or loss used in evaluating performance is underwriting income for the Allstate Protection and Run-off Property-Liability segments and adjusted net income for the Protection Services, Allstate Health and Benefits and Corporate and Other segments. National General results are included in the following segments: •Property and casualty - Allstate Protection •Accident and health - Allstate Health and Benefits •Technology solutions - Protection Services Underwriting income is calculated as premiums earned and other revenue, less claims and claims expenses (“losses”), Shelter-in-Place Payback expense, amortization of DAC, operating costs and expenses, amortization or impairment of purchased intangibles and restructuring and related charges as determined using GAAP. Adjusted net income is net income (loss) applicable to common shareholders, excluding:
• | Net gains and losses on investments and derivatives
• | Pension and other postretirement remeasurement gains and losses
• | Business combination expenses and the amortization or impairment of purchased intangibles
• | Income or loss from discontinued operations
• | Gain or loss on disposition of operations
• | Adjustments for other significant non-recurring, infrequent or unusual items, when (a) the nature of the charge or gain is such that it is reasonably unlikely to recur within two years, or (b) there has been no similar charge or gain within the prior two years
• | Income tax expense or benefit on reconciling items
A reconciliation of these measures to net income (loss) applicable to common shareholders is provided below.
Reportable segments financial performance
|  | Three months ended September 30, |  | Nine months ended September 30,
($ in millions) |  | 2022 |  | 2021 |  | 2022 |  | 2021
Underwriting income (loss) by segment |  |  |  |  |  |  |  |
Allstate Protection |  | $ | (1,170) |  |  | $ | (421) |  |  | $ | (1,749) |  |  | $ | 1,670 |
Run-off Property-Liability |  | (122) |  |  | (113) |  |  | (127) |  |  | (118) |
Total Property-Liability |  | (1,292) |  |  | (534) |  |  | (1,876) |  |  | 1,552 |
Adjusted net income (loss) by segment, after-tax |  |  |  |  |  |  |  |
Protection Services |  | 35 |  |  | 45 |  |  | 131 |  |  | 150 |
Allstate Health and Benefits |  | 54 |  |  | 33 |  |  | 172 |  |  | 160 |
Corporate and Other |  | (104) |  |  | (95) |  |  | (322) |  |  | (330) |
Reconciling items |  |  |  |  |  |  |  |
Property-Liability net investment income |  | 632 |  |  | 710 |  |  | 1,696 |  |  | 2,314 |
Net gains (losses) on investments and derivatives |  | (167) |  |  | 105 |  |  | (1,167) |  |  | 818 |
Pension and other postretirement remeasurement gains (losses) |  | (79) |  |  | (40) |  |  | (91) |  |  | 404 |
Business combination expenses and amortization of purchased intangibles (1) |  | (29) |  |  | (34) |  |  | (86) |  |  | (124) |
Business combination fair value adjustment |  | — |  |  | — |  |  | — |  |  | 6 |
Gain (loss) on disposition of operations |  | (5) |  |  | — |  |  | 6 |  |  | — |
Income tax benefit (expense) on reconciling items |  | 246 |  |  | (14) |  |  | 396 |  |  | (990) |
Total reconciling items |  | 598 |  |  | 727 |  |  | 754 |  |  | 2,428 |
Income (loss) from discontinued operations |  | — |  |  | 235 |  |  | — |  |  | (3,435) |
Income tax benefit from discontinued operations |  | — |  |  | 90 |  |  | — |  |  | 163 |
Total from discontinued operations |  | $ | — |  |  | $ | 325 |  |  | $ | — |  |  | $ | (3,272) |
Less: Net loss attributable to noncontrolling interest (2) |  | (15) |  |  | (7) |  |  | (35) |  |  | (7) |
Net (loss) income applicable to common shareholders |  | $ | (694) |  |  | $ | 508 |  |  | $ | (1,106) |  |  | $ | 695 |
(1)Excludes amortization of purchased intangibles in Property-Liability, which is included above in underwriting income. (2)Reflects net loss attributable to noncontrolling interest in Property-Liability.
Reportable segments revenue information |  |  |  |
($ in millions) |  | Three months ended September 30, |  | Nine months ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Property-Liability |  |  |  |  |  |  |  |
Insurance premiums |  |  |  |  |  |  |  |
Auto |  | $ | 7,545 |  |  | $ | 6,912 |  |  | $ | 21,974 |  |  | $ | 20,604 |
Homeowners |  | 2,776 |  |  | 2,522 |  |  | 8,065 |  |  | 7,325 |
Other personal lines |  | 540 |  |  | 521 |  |  | 1,616 |  |  | 1,545 |
Commercial lines |  | 296 |  |  | 204 |  |  | 874 |  |  | 590 |
Allstate Protection |  | 11,157 |  |  | 10,159 |  |  | 32,529 |  |  | 30,064 |
Run-off Property-Liability |  | — |  |  | — |  |  | — |  |  | — |
Total Property-Liability insurance premiums |  | 11,157 |  |  | 10,159 |  |  | 32,529 |  |  | 30,064 |
Other revenue |  | 364 |  |  | 365 |  |  | 1,066 |  |  | 1,071 |
Net investment income |  | 632 |  |  | 710 |  |  | 1,696 |  |  | 2,314 |
Net gains (losses) on investments and derivatives |  | (123) |  |  | 94 |  |  | (988) |  |  | 763 |
Total Property-Liability |  | 12,030 |  |  | 11,328 |  |  | 34,303 |  |  | 34,212 |
Protection Services |  |  |  |  |  |  |  |
Protection plans |  | 330 |  |  | 295 |  |  | 961 |  |  | 834 |
Roadside assistance |  | 50 |  |  | 50 |  |  | 152 |  |  | 144 |
Finance and insurance products |  | 124 |  |  | 111 |  |  | 362 |  |  | 324 |
Intersegment premiums and service fees (1) |  | 39 |  |  | 46 |  |  | 118 |  |  | 133 |
Other revenue |  | 84 |  |  | 85 |  |  | 269 |  |  | 263 |
Net investment income |  | 13 |  |  | 10 |  |  | 34 |  |  | 32 |
Net gains (losses) on investments and derivatives |  | (13) |  |  | 4 |  |  | (56) |  |  | 20 |
Total Protection Services |  | 627 |  |  | 601 |  |  | 1,840 |  |  | 1,750 |
Allstate Health and Benefits |  |  |  |  |  |  |  |
Employer voluntary benefits |  | 257 |  |  | 251 |  |  | 780 |  |  | 769 |
Group health |  | 96 |  |  | 90 |  |  | 285 |  |  | 260 |
Individual health |  | 110 |  |  | 119 |  |  | 333 |  |  | 333 |
Other revenue |  | 90 |  |  | 85 |  |  | 277 |  |  | 248 |
Net investment income |  | 17 |  |  | 18 |  |  | 50 |  |  | 56 |
Net gains (losses) on investments and derivatives |  | (6) |  |  | (1) |  |  | (25) |  |  | 5 |
Total Allstate Health and Benefits |  | 564 |  |  | 562 |  |  | 1,700 |  |  | 1,671 |
Corporate and Other |  |  |  |  |  |  |  |
Other revenue |  | 23 |  |  | 1 |  |  | 72 |  |  | 3 |
Net investment income |  | 28 |  |  | 26 |  |  | 66 |  |  | 44 |
Net gains (losses) on investments and derivatives |  | (25) |  |  | 8 |  |  | (98) |  |  | 30 |
Total Corporate and Other |  | 26 |  |  | 35 |  |  | 40 |  |  | 77 |
Intersegment eliminations (1) |  | (39) |  |  | (46) |  |  | (118) |  |  | (133) |
Consolidated revenues |  | $ | 13,208 |  |  | $ | 12,480 |  |  | $ | 37,765 |  |  | $ | 37,577 |
(1)Intersegment insurance premiums and service fees are primarily related to Arity and Allstate Roadside and are eliminated in the condensed consolidated financial statements.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration