XML 28 R11.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Reportable Segments | 3 Months Ended
--- | ---
Mar. 31, 2024
Segment Reporting [Abstract] |
Reportable Segments |
Note 3 | 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. Allstate Protection and Run-off Property Liability segments comprise Property-Liability. The Company does not allocate investment income, net gains and losses on investments and derivatives, or assets to the Allstate Protection and Run-off Property Liability segments. Management reviews assets at the Property-Liability, Protection Services, Allstate Health and Benefits, and Corporate and Other levels for decision-making purposes. Underwriting income is calculated as premiums earned and other revenue, less claims and claims expenses (“losses”), 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
• | Amortization or impairment of purchased intangibles
• | Gain or loss on disposition
• | 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 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.
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.

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 -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration