Company Quick10K Filing
Quick10K
Allstate Life Insurance
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$94.39 333 $31,440
10-Q 2019-03-31 Quarter: 2019-03-31
10-Q 2019-03-31 Quarter: 2019-03-31
10-K 2018-12-31 Annual: 2018-12-31
10-K 2018-12-31 Annual: 2018-12-31
10-Q 2018-09-30 Quarter: 2018-09-30
10-Q 2018-06-30 Quarter: 2018-06-30
10-Q 2018-03-31 Quarter: 2018-03-31
10-K 2017-12-31 Annual: 2017-12-31
10-Q 2017-09-30 Quarter: 2017-09-30
10-Q 2017-06-30 Quarter: 2017-06-30
10-Q 2017-03-31 Quarter: 2017-03-31
10-K 2016-12-31 Annual: 2016-12-31
10-Q 2016-09-30 Quarter: 2016-09-30
10-Q 2016-06-30 Quarter: 2016-06-30
10-Q 2016-03-31 Quarter: 2016-03-31
10-K 2015-12-31 Annual: 2015-12-31
10-Q 2015-09-30 Quarter: 2015-09-30
10-Q 2015-06-30 Quarter: 2015-06-30
10-Q 2015-03-31 Quarter: 2015-03-31
10-K 2014-12-31 Annual: 2014-12-31
10-Q 2014-09-30 Quarter: 2014-09-30
10-Q 2014-06-30 Quarter: 2014-06-30
10-Q 2014-03-31 Quarter: 2014-03-31
10-K 2013-12-31 Annual: 2013-12-31
8-K 2019-07-18 Regulation FD, Exhibits
8-K 2019-06-20 Regulation FD, Exhibits
8-K 2019-06-05 Other Events, Exhibits
8-K 2019-05-21 Officers, Shareholder Vote, Exhibits
8-K 2019-05-16 Other Events, Exhibits
8-K 2019-05-16 Regulation FD, Exhibits
8-K 2019-05-01 Earnings, Exhibits
8-K 2019-04-18 Regulation FD, Exhibits
8-K 2019-03-21 Regulation FD, Exhibits
EOG EOG Resources 54,690
AX Axos Financial 1,840
UVV Universal 1,330
WINS Wins Finance Holdings 411
PCMI PCM 354
PICO Pico Holdings 232
USEG US Energy 6
HGIT Hines Global Income Trust 0
OSIR Osiris Therapeutics 0
ALLM Alliance Bioenergy Plus 0
ALL 2019-03-31
Part I. Financial Information
Item 1. Financial Statements
Note 1 General
Note 2 Earnings per Common Share
Note 3 Acquisitions
Note 4 Reportable Segments
Note 5 Investments
Note 6 Fair Value of Assets and Liabilities
Note 7 Derivative Financial Instruments
Note 8 Reserve for Property and Casualty Insurance Claims and Claims Expense
Note 9 Reinsurance
Note 10 Company Restructuring
Note 11 Guarantees and Contingent Liabilities
Note 12 Benefit Plans
Note 13 Supplemental Cash Flow Information
Note 14 Other Comprehensive Income
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations for The Three Month Periods Ended March 31, 2019 and 2018
Item 4. Controls and Procedures
Part II. Other Information Even
Part II. Other Information
Item 1. Legal Proceedings
Item 1A. Risk Factors
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Item 6. Exhibits
EX-10.1 exhibit10133119.htm
EX-15 exhibit15allcorp33119.htm
EX-18 exhibit18allcorp33119.htm
EX-31.I exhibit31iallcorp33119.htm
EX-32 exhibit32allcorp33119.htm

Allstate Life Insurance Earnings 2019-03-31

ALL 10Q Quarterly Report

Balance SheetIncome StatementCash Flow

Document
30270000004157000000false--12-31Q120192019-03-310000899051falseLarge Accelerated FilerALLSTATE CORPfalse448900000047670000000.460.500.010.012000000000.02000000000.090000000090000000033200000033300000010.0220.0100.0220.010040000001995000000199500000011250000002500000079800798007980079800568000000567000000 0000899051 2019-01-01 2019-03-31 0000899051 2019-04-15 0000899051 2018-01-01 2018-03-31 0000899051 us-gaap:LifeInsuranceSegmentMember 2019-01-01 2019-03-31 0000899051 us-gaap:ProductAndServiceOtherMember 2018-01-01 2018-03-31 0000899051 us-gaap:PropertyLiabilityAndCasualtyInsuranceSegmentMember 2018-01-01 2018-03-31 0000899051 us-gaap:PropertyLiabilityAndCasualtyInsuranceSegmentMember 2019-01-01 2019-03-31 0000899051 us-gaap:LifeInsuranceSegmentMember 2018-01-01 2018-03-31 0000899051 us-gaap:ProductAndServiceOtherMember 2019-01-01 2019-03-31 0000899051 2019-03-31 0000899051 2018-12-31 0000899051 us-gaap:PreferredStockIncludingAdditionalPaidInCapitalMember 2017-12-31 0000899051 us-gaap:RetainedEarningsMember 2018-01-01 0000899051 us-gaap:TreasuryStockMember 2018-12-31 0000899051 2018-03-31 0000899051 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 0000899051 us-gaap:PreferredStockIncludingAdditionalPaidInCapitalMember 2018-03-31 0000899051 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-03-31 0000899051 us-gaap:PreferredStockMember 2019-03-31 0000899051 us-gaap:AdditionalPaidInCapitalMember 2018-01-01 2018-03-31 0000899051 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-03-31 0000899051 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-03-31 0000899051 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0000899051 us-gaap:CommonStockMember 2019-03-31 0000899051 all:DeferredEsopExpenseMember 2018-03-31 0000899051 us-gaap:TreasuryStockMember 2018-01-01 2018-03-31 0000899051 us-gaap:RetainedEarningsMember 2019-01-01 0000899051 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-03-31 0000899051 us-gaap:RetainedEarningsMember 2019-01-01 2019-03-31 0000899051 us-gaap:TreasuryStockMember 2019-03-31 0000899051 us-gaap:TreasuryStockMember 2017-12-31 0000899051 us-gaap:PreferredStockIncludingAdditionalPaidInCapitalMember 2018-01-01 2018-03-31 0000899051 all:DeferredEsopExpenseMember 2019-03-31 0000899051 us-gaap:RetainedEarningsMember 2018-01-01 2018-03-31 0000899051 us-gaap:PreferredStockIncludingAdditionalPaidInCapitalMember 2019-01-01 2019-03-31 0000899051 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-03-31 0000899051 us-gaap:RetainedEarningsMember 2017-12-31 0000899051 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0000899051 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0000899051 us-gaap:PreferredStockIncludingAdditionalPaidInCapitalMember 2019-03-31 0000899051 us-gaap:TreasuryStockMember 2019-01-01 2019-03-31 0000899051 us-gaap:RetainedEarningsMember 2018-03-31 0000899051 us-gaap:RetainedEarningsMember 2018-12-31 0000899051 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 0000899051 us-gaap:AdditionalPaidInCapitalMember 2018-03-31 0000899051 us-gaap:PreferredStockIncludingAdditionalPaidInCapitalMember 2018-12-31 0000899051 us-gaap:RetainedEarningsMember 2019-03-31 0000899051 us-gaap:AdditionalPaidInCapitalMember 2019-03-31 0000899051 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0000899051 us-gaap:TreasuryStockMember 2018-03-31 0000899051 us-gaap:CommonStockMember 2018-03-31 0000899051 us-gaap:PreferredStockMember 2018-03-31 0000899051 2017-12-31 0000899051 srt:RestatementAdjustmentMember all:ChangeinRecognizingActuarialGainsandLossesandExpectedReturnonPlanAssetsMember 2019-03-31 0000899051 srt:ScenarioPreviouslyReportedMember 2019-03-31 0000899051 srt:RestatementAdjustmentMember all:ChangeinRecognizingActuarialGainsandLossesandExpectedReturnonPlanAssetsMember 2018-12-31 0000899051 srt:ScenarioPreviouslyReportedMember 2018-12-31 0000899051 srt:MinimumMember 2019-03-31 0000899051 us-gaap:AccountingStandardsUpdate201602Member 2019-01-01 0000899051 srt:RestatementAdjustmentMember all:ChangeinRecognizingActuarialGainsandLossesandExpectedReturnonPlanAssetsMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 0000899051 srt:RestatementAdjustmentMember all:ChangeinRecognizingActuarialGainsandLossesandExpectedReturnonPlanAssetsMember 2019-01-01 0000899051 srt:MaximumMember 2019-03-31 0000899051 us-gaap:AccountingStandardsUpdate201602Member us-gaap:RetainedEarningsMember 2019-01-01 0000899051 srt:ScenarioPreviouslyReportedMember 2019-01-01 2019-03-31 0000899051 srt:ScenarioPreviouslyReportedMember 2018-01-01 2018-03-31 0000899051 srt:RestatementAdjustmentMember all:ChangeinRecognizingActuarialGainsandLossesandExpectedReturnonPlanAssetsMember 2019-01-01 2019-03-31 0000899051 srt:RestatementAdjustmentMember all:ChangeinRecognizingActuarialGainsandLossesandExpectedReturnonPlanAssetsMember 2018-01-01 2018-03-31 0000899051 srt:RestatementAdjustmentMember all:ChangeinRecognizingActuarialGainsandLossesandExpectedReturnonPlanAssetsMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0000899051 srt:RestatementAdjustmentMember all:ChangeinRecognizingActuarialGainsandLossesandExpectedReturnonPlanAssetsMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-03-31 0000899051 srt:ScenarioPreviouslyReportedMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-03-31 0000899051 srt:RestatementAdjustmentMember all:ChangeinRecognizingActuarialGainsandLossesandExpectedReturnonPlanAssetsMember 2018-03-31 0000899051 srt:RestatementAdjustmentMember all:ChangeinRecognizingActuarialGainsandLossesandExpectedReturnonPlanAssetsMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-03-31 0000899051 srt:RestatementAdjustmentMember all:ChangeinRecognizingActuarialGainsandLossesandExpectedReturnonPlanAssetsMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 0000899051 srt:RestatementAdjustmentMember all:ChangeinRecognizingActuarialGainsandLossesandExpectedReturnonPlanAssetsMember us-gaap:RetainedEarningsMember 2018-01-01 2018-03-31 0000899051 srt:RestatementAdjustmentMember all:ChangeinRecognizingActuarialGainsandLossesandExpectedReturnonPlanAssetsMember us-gaap:RetainedEarningsMember 2018-01-01 0000899051 srt:ScenarioPreviouslyReportedMember us-gaap:RetainedEarningsMember 2018-01-01 0000899051 srt:RestatementAdjustmentMember all:ChangeinRecognizingActuarialGainsandLossesandExpectedReturnonPlanAssetsMember us-gaap:RetainedEarningsMember 2018-03-31 0000899051 srt:ScenarioPreviouslyReportedMember us-gaap:RetainedEarningsMember 2018-03-31 0000899051 srt:ScenarioPreviouslyReportedMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-03-31 0000899051 srt:RestatementAdjustmentMember all:ChangeinRecognizingActuarialGainsandLossesandExpectedReturnonPlanAssetsMember us-gaap:RetainedEarningsMember 2017-12-31 0000899051 srt:ScenarioPreviouslyReportedMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0000899051 srt:ScenarioPreviouslyReportedMember us-gaap:RetainedEarningsMember 2018-01-01 2018-03-31 0000899051 srt:ScenarioPreviouslyReportedMember 2018-03-31 0000899051 srt:ScenarioPreviouslyReportedMember us-gaap:RetainedEarningsMember 2017-12-31 0000899051 srt:ScenarioPreviouslyReportedMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 0000899051 srt:ScenarioPreviouslyReportedMember us-gaap:RetainedEarningsMember 2019-01-01 2019-03-31 0000899051 srt:RestatementAdjustmentMember all:ChangeinRecognizingActuarialGainsandLossesandExpectedReturnonPlanAssetsMember us-gaap:RetainedEarningsMember 2019-01-01 2019-03-31 0000899051 srt:ScenarioPreviouslyReportedMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-03-31 0000899051 srt:RestatementAdjustmentMember all:ChangeinRecognizingActuarialGainsandLossesandExpectedReturnonPlanAssetsMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-03-31 0000899051 srt:ScenarioPreviouslyReportedMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-03-31 0000899051 srt:RestatementAdjustmentMember all:ChangeinRecognizingActuarialGainsandLossesandExpectedReturnonPlanAssetsMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0000899051 srt:ScenarioPreviouslyReportedMember us-gaap:RetainedEarningsMember 2019-01-01 0000899051 srt:RestatementAdjustmentMember all:ChangeinRecognizingActuarialGainsandLossesandExpectedReturnonPlanAssetsMember us-gaap:RetainedEarningsMember 2019-01-01 0000899051 srt:ScenarioPreviouslyReportedMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0000899051 srt:ScenarioPreviouslyReportedMember us-gaap:RetainedEarningsMember 2018-12-31 0000899051 srt:RestatementAdjustmentMember all:ChangeinRecognizingActuarialGainsandLossesandExpectedReturnonPlanAssetsMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-03-31 0000899051 srt:ScenarioPreviouslyReportedMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 0000899051 srt:RestatementAdjustmentMember all:ChangeinRecognizingActuarialGainsandLossesandExpectedReturnonPlanAssetsMember us-gaap:RetainedEarningsMember 2018-12-31 0000899051 srt:ScenarioPreviouslyReportedMember us-gaap:RetainedEarningsMember 2019-03-31 0000899051 srt:RestatementAdjustmentMember all:ChangeinRecognizingActuarialGainsandLossesandExpectedReturnonPlanAssetsMember us-gaap:RetainedEarningsMember 2019-03-31 0000899051 all:PlumChoiceIncMember 2018-11-30 2018-11-30 0000899051 all:InfoArmorIncMember us-gaap:TechnologyBasedIntangibleAssetsMember 2018-10-05 0000899051 all:InfoArmorIncMember us-gaap:CustomerRelationshipsMember 2018-10-05 0000899051 all:InfoArmorIncMember 2018-10-05 0000899051 all:PlumChoiceIncMember 2018-11-30 0000899051 all:ICrackedMember 2019-02-12 0000899051 all:InfoArmorIncMember 2018-10-05 2018-10-05 0000899051 us-gaap:OperatingSegmentsMember all:PropertyLiabilityMember 2018-01-01 2018-03-31 0000899051 us-gaap:OperatingSegmentsMember all:AllstateBenefitsMember 2019-01-01 2019-03-31 0000899051 us-gaap:OperatingSegmentsMember all:ServiceBusinessMember 2018-01-01 2018-03-31 0000899051 us-gaap:OperatingSegmentsMember all:FinanceAndInsuranceProductsMember all:ServiceBusinessMember 2019-01-01 2019-03-31 0000899051 us-gaap:OperatingSegmentsMember all:TraditionalLifeInsuranceMember all:AllstateBenefitsMember 2019-01-01 2019-03-31 0000899051 us-gaap:OperatingSegmentsMember all:AllstateLifeMember 2019-01-01 2019-03-31 0000899051 us-gaap:OperatingSegmentsMember all:ConsumerProductProtectionPlansMember all:ServiceBusinessMember 2018-01-01 2018-03-31 0000899051 us-gaap:OperatingSegmentsMember all:ServiceBusinessMember 2019-01-01 2019-03-31 0000899051 us-gaap:OperatingSegmentsMember all:PropertyLiabilityMember 2019-01-01 2019-03-31 0000899051 us-gaap:OperatingSegmentsMember all:InterestSensitiveLifeInsuranceMember all:AllstateLifeMember 2018-01-01 2018-03-31 0000899051 us-gaap:OperatingSegmentsMember all:OtherPersonalLinesMember all:PropertyLiabilityMember 2018-01-01 2018-03-31 0000899051 us-gaap:OperatingSegmentsMember all:DiscontinuedLinesAndCoveragesMember 2018-01-01 2018-03-31 0000899051 us-gaap:OperatingSegmentsMember all:AllstateLifeMember 2018-01-01 2018-03-31 0000899051 us-gaap:OperatingSegmentsMember all:DiscontinuedLinesAndCoveragesMember 2019-01-01 2019-03-31 0000899051 us-gaap:OperatingSegmentsMember all:InterestSensitiveLifeInsuranceMember all:AllstateLifeMember 2019-01-01 2019-03-31 0000899051 us-gaap:OperatingSegmentsMember us-gaap:ProductAndServiceOtherMember all:AllstateLifeMember 2019-01-01 2019-03-31 0000899051 us-gaap:OperatingSegmentsMember us-gaap:ProductAndServiceOtherMember all:PropertyLiabilityMember 2018-01-01 2018-03-31 0000899051 us-gaap:OperatingSegmentsMember all:TraditionalLifeInsuranceMember all:AllstateLifeMember 2018-01-01 2018-03-31 0000899051 us-gaap:OperatingSegmentsMember all:RoadsideAssistanceMember all:ServiceBusinessMember 2018-01-01 2018-03-31 0000899051 us-gaap:OperatingSegmentsMember all:TraditionalLifeInsuranceMember all:AllstateLifeMember 2019-01-01 2019-03-31 0000899051 us-gaap:OperatingSegmentsMember all:AllstateBenefitsMember 2018-01-01 2018-03-31 0000899051 us-gaap:OperatingSegmentsMember all:AllstateAnnuitiesMember 2018-01-01 2018-03-31 0000899051 us-gaap:IntersegmentEliminationMember 2018-01-01 2018-03-31 0000899051 us-gaap:OperatingSegmentsMember all:HomeOwnersMember all:PropertyLiabilityMember 2018-01-01 2018-03-31 0000899051 us-gaap:OperatingSegmentsMember all:AllstateAnnuitiesMember 2019-01-01 2019-03-31 0000899051 us-gaap:OperatingSegmentsMember all:AllStateProtectionMember 2019-01-01 2019-03-31 0000899051 us-gaap:OperatingSegmentsMember us-gaap:CorporateAndOtherMember 2019-01-01 2019-03-31 0000899051 us-gaap:OperatingSegmentsMember all:AutoMember all:PropertyLiabilityMember 2018-01-01 2018-03-31 0000899051 us-gaap:OperatingSegmentsMember all:AllStateProtectionMember 2018-01-01 2018-03-31 0000899051 us-gaap:OperatingSegmentsMember us-gaap:CorporateAndOtherMember 2018-01-01 2018-03-31 0000899051 us-gaap:OperatingSegmentsMember all:FixedAnnuitiesMember all:AllstateAnnuitiesMember 2019-01-01 2019-03-31 0000899051 us-gaap:OperatingSegmentsMember all:AutoMember all:PropertyLiabilityMember 2019-01-01 2019-03-31 0000899051 us-gaap:OperatingSegmentsMember us-gaap:PropertyAndCasualtyCommercialInsuranceProductLineMember all:PropertyLiabilityMember 2018-01-01 2018-03-31 0000899051 us-gaap:OperatingSegmentsMember all:AccidentHealthAndOtherMember all:AllstateBenefitsMember 2018-01-01 2018-03-31 0000899051 us-gaap:OperatingSegmentsMember us-gaap:ProductAndServiceOtherMember all:PropertyLiabilityMember 2019-01-01 2019-03-31 0000899051 us-gaap:OperatingSegmentsMember all:RoadsideAssistanceMember all:ServiceBusinessMember 2019-01-01 2019-03-31 0000899051 us-gaap:OperatingSegmentsMember all:ConsumerProductProtectionPlansMember all:ServiceBusinessMember 2019-01-01 2019-03-31 0000899051 us-gaap:OperatingSegmentsMember us-gaap:ProductAndServiceOtherMember all:ServiceBusinessMember 2019-01-01 2019-03-31 0000899051 us-gaap:OperatingSegmentsMember all:FixedAnnuitiesMember all:AllstateAnnuitiesMember 2018-01-01 2018-03-31 0000899051 us-gaap:OperatingSegmentsMember all:HomeOwnersMember all:PropertyLiabilityMember 2019-01-01 2019-03-31 0000899051 us-gaap:OperatingSegmentsMember all:TraditionalLifeInsuranceMember all:AllstateBenefitsMember 2018-01-01 2018-03-31 0000899051 us-gaap:OperatingSegmentsMember all:InterestSensitiveLifeInsuranceMember all:AllstateBenefitsMember 2019-01-01 2019-03-31 0000899051 us-gaap:OperatingSegmentsMember us-gaap:ProductAndServiceOtherMember all:AllstateLifeMember 2018-01-01 2018-03-31 0000899051 us-gaap:OperatingSegmentsMember all:InterestSensitiveLifeInsuranceMember all:AllstateBenefitsMember 2018-01-01 2018-03-31 0000899051 us-gaap:OperatingSegmentsMember all:FinanceAndInsuranceProductsMember all:ServiceBusinessMember 2018-01-01 2018-03-31 0000899051 us-gaap:OperatingSegmentsMember us-gaap:ProductAndServiceOtherMember all:ServiceBusinessMember 2018-01-01 2018-03-31 0000899051 us-gaap:OperatingSegmentsMember all:OtherPersonalLinesMember all:PropertyLiabilityMember 2019-01-01 2019-03-31 0000899051 us-gaap:IntersegmentEliminationMember 2019-01-01 2019-03-31 0000899051 us-gaap:OperatingSegmentsMember us-gaap:PropertyAndCasualtyCommercialInsuranceProductLineMember all:PropertyLiabilityMember 2019-01-01 2019-03-31 0000899051 us-gaap:OperatingSegmentsMember all:AccidentHealthAndOtherMember all:AllstateBenefitsMember 2019-01-01 2019-03-31 0000899051 all:AllstateBenefitsMember 2019-01-01 2019-03-31 0000899051 all:PropertyLiabilityMember 2019-01-01 2019-03-31 0000899051 all:PropertyLiabilityMember 2018-01-01 2018-03-31 0000899051 all:ServiceBusinessMember 2019-01-01 2019-03-31 0000899051 all:AllstateLifeMember 2018-01-01 2018-03-31 0000899051 all:ServiceBusinessMember 2018-01-01 2018-03-31 0000899051 all:AllstateLifeMember 2019-01-01 2019-03-31 0000899051 all:AllstateAnnuitiesMember 2019-01-01 2019-03-31 0000899051 us-gaap:CorporateAndOtherMember 2019-01-01 2019-03-31 0000899051 all:AllstateAnnuitiesMember 2018-01-01 2018-03-31 0000899051 all:AllStateProtectionMember 2019-01-01 2019-03-31 0000899051 all:DiscontinuedLinesAndCoveragesMember 2019-01-01 2019-03-31 0000899051 all:DiscontinuedLinesAndCoveragesMember 2018-01-01 2018-03-31 0000899051 all:AllStateProtectionMember 2018-01-01 2018-03-31 0000899051 us-gaap:CorporateAndOtherMember 2018-01-01 2018-03-31 0000899051 all:AllstateBenefitsMember 2018-01-01 2018-03-31 0000899051 us-gaap:RealEstateLoanMember 2019-03-31 0000899051 us-gaap:PolicyLoansMember 2018-12-31 0000899051 all:BankLoansMember 2018-12-31 0000899051 all:AgentLoansMember 2018-12-31 0000899051 all:BankLoansMember 2019-03-31 0000899051 all:AgentLoansMember 2019-03-31 0000899051 us-gaap:RealEstateLoanMember 2018-12-31 0000899051 us-gaap:OtherInvestmentsMember 2019-03-31 0000899051 us-gaap:OtherInvestmentsMember 2018-12-31 0000899051 us-gaap:PolicyLoansMember 2019-03-31 0000899051 us-gaap:CommercialMortgageBackedSecuritiesMember 2019-03-31 0000899051 us-gaap:RedeemablePreferredStockMember 2018-12-31 0000899051 us-gaap:CorporateDebtSecuritiesMember 2019-03-31 0000899051 us-gaap:ResidentialMortgageBackedSecuritiesMember 2019-03-31 0000899051 us-gaap:CommercialMortgageBackedSecuritiesMember 2018-12-31 0000899051 us-gaap:CorporateDebtSecuritiesMember 2018-12-31 0000899051 us-gaap:USTreasuryAndGovernmentMember 2018-12-31 0000899051 us-gaap:USTreasuryAndGovernmentMember 2019-03-31 0000899051 us-gaap:ForeignGovernmentDebtSecuritiesMember 2018-12-31 0000899051 us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-12-31 0000899051 us-gaap:ForeignGovernmentDebtSecuritiesMember 2019-03-31 0000899051 us-gaap:ResidentialMortgageBackedSecuritiesMember 2018-12-31 0000899051 us-gaap:RedeemablePreferredStockMember 2019-03-31 0000899051 us-gaap:AssetBackedSecuritiesMember 2018-12-31 0000899051 us-gaap:AssetBackedSecuritiesMember 2019-03-31 0000899051 us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-03-31 0000899051 all:BelowInvestmentGradeFixedIncomeSecuritiesMember 2019-03-31 0000899051 all:MortgagesNonImpairedMember 2019-01-01 2019-03-31 0000899051 us-gaap:AvailableforsaleSecuritiesMember 2019-03-31 0000899051 all:InvestmentGradeFixedIncomeSecuritiesMember 2019-03-31 0000899051 us-gaap:EquityMethodInvestmentsMember 2018-12-31 0000899051 us-gaap:EquityMethodInvestmentsMember 2019-03-31 0000899051 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:CostmethodInvestmentsMember 2018-12-31 0000899051 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:CostmethodInvestmentsMember 2019-03-31 0000899051 us-gaap:FixedIncomeSecuritiesMember 2019-01-01 2019-03-31 0000899051 us-gaap:DerivativeMember 2019-01-01 2019-03-31 0000899051 all:MortgagesNonImpairedMember 2019-03-31 0000899051 all:MortgagesNonImpairedMember 2018-12-31 0000899051 all:MortgagesNonImpairedMember all:DebtServiceCoverageRatioBelow1.26To1.5Member 2019-03-31 0000899051 all:MortgagesNonImpairedMember all:DebtServiceCoverageRatioBelowAbove1.5Member 2019-03-31 0000899051 all:MortgagesNonImpairedMember all:DebtServiceCoverageRatioBelow1.26To1.5Member 2018-12-31 0000899051 all:MortgagesNonImpairedMember all:DebtServiceCoverageRatioBelow1To1.25Member 2019-03-31 0000899051 all:MortgagesNonImpairedMember all:DebtServiceCoverageRatioBelow1To1.25Member 2018-12-31 0000899051 all:MortgagesNonImpairedMember all:DebtServiceCoverageRatioBelow1Member 2019-03-31 0000899051 all:MortgagesNonImpairedMember all:DebtServiceCoverageRatioBelowAbove1.5Member 2018-12-31 0000899051 all:MortgagesNonImpairedMember all:DebtServiceCoverageRatioBelow1Member 2018-12-31 0000899051 us-gaap:ShortTermInvestmentsMember 2019-01-01 2019-03-31 0000899051 us-gaap:OtherThanSecuritiesInvestmentMember 2019-01-01 2019-03-31 0000899051 srt:PartnershipInterestMember 2019-01-01 2019-03-31 0000899051 srt:PartnershipInterestMember 2018-01-01 2018-03-31 0000899051 us-gaap:ShortTermInvestmentsMember 2018-01-01 2018-03-31 0000899051 us-gaap:OtherThanSecuritiesInvestmentMember 2018-01-01 2018-03-31 0000899051 us-gaap:FixedIncomeSecuritiesMember 2018-01-01 2018-03-31 0000899051 us-gaap:EquitySecuritiesMember 2018-01-01 2018-03-31 0000899051 us-gaap:EquitySecuritiesMember 2019-01-01 2019-03-31 0000899051 us-gaap:MortgagesMember 2018-01-01 2018-03-31 0000899051 us-gaap:MortgagesMember 2019-01-01 2019-03-31 0000899051 us-gaap:FixedIncomeSecuritiesMember 2018-12-31 0000899051 all:InvestmentGradeFixedIncomeSecuritiesMember 2018-12-31 0000899051 us-gaap:FixedIncomeSecuritiesMember 2019-03-31 0000899051 all:BelowInvestmentGradeFixedIncomeSecuritiesMember 2018-12-31 0000899051 us-gaap:CorporateDebtSecuritiesMember 2019-01-01 2019-03-31 0000899051 us-gaap:ResidentialMortgageBackedSecuritiesMember 2018-01-01 2018-03-31 0000899051 us-gaap:CommercialMortgageBackedSecuritiesMember 2019-01-01 2019-03-31 0000899051 us-gaap:AssetBackedSecuritiesMember 2019-01-01 2019-03-31 0000899051 us-gaap:CommercialMortgageBackedSecuritiesMember 2018-01-01 2018-03-31 0000899051 us-gaap:ResidentialMortgageBackedSecuritiesMember 2019-01-01 2019-03-31 0000899051 us-gaap:AssetBackedSecuritiesMember 2018-01-01 2018-03-31 0000899051 us-gaap:CorporateDebtSecuritiesMember 2018-01-01 2018-03-31 0000899051 us-gaap:DerivativeMember 2018-01-01 2018-03-31 0000899051 all:MortgagesNonImpairedMember 2018-01-01 2018-03-31 0000899051 all:MunicipalNotRatedByThirdPartyCreditRatingAgenciesMember 2018-12-31 0000899051 all:FixedIncomeSecuritiesValuedBasedOnNonbindingBrokerQuotesMember 2019-03-31 0000899051 all:RealizedCapitalGainsAndLossesMember 2018-01-01 2018-03-31 0000899051 all:InterestCreditedToContractholderFundsMember 2018-01-01 2018-03-31 0000899051 all:RealizedCapitalGainsAndLossesMember 2019-01-01 2019-03-31 0000899051 srt:MinimumMember srt:PartnershipInterestMember 2019-01-01 2019-03-31 0000899051 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000899051 us-gaap:GainLossOnInvestmentsMember1 2019-01-01 2019-03-31 0000899051 srt:PartnershipInterestMember 2019-03-31 0000899051 all:LifeAndAnnuityContractBenefitsMember 2018-01-01 2018-03-31 0000899051 all:MunicipalNotRatedByThirdPartyCreditRatingAgenciesMember 2019-03-31 0000899051 all:FixedIncomeSecuritiesValuedBasedOnNonbindingBrokerQuotesMember 2018-12-31 0000899051 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsNonrecurringMember 2019-03-31 0000899051 all:LifeAndAnnuityContractBenefitsMember 2019-01-01 2019-03-31 0000899051 us-gaap:GainLossOnInvestmentsMember1 2018-01-01 2018-03-31 0000899051 all:InterestCreditedToContractholderFundsMember 2019-01-01 2019-03-31 0000899051 srt:MaximumMember srt:PartnershipInterestMember 2019-01-01 2019-03-31 0000899051 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember 2019-03-31 0000899051 us-gaap:EquitySecuritiesMember 2019-01-01 2019-03-31 0000899051 all:DerivativesEmbeddedInAnnuityContractsMember 2019-01-01 2019-03-31 0000899051 all:DerivativesEmbeddedInAnnuityContractsMember 2018-01-01 2018-03-31 0000899051 us-gaap:EquitySecuritiesMember 2018-01-01 2018-03-31 0000899051 us-gaap:MortgageBackedSecuritiesMember 2019-01-01 2019-03-31 0000899051 all:FreeStandingDerivativesNetMember 2019-01-01 2019-03-31 0000899051 us-gaap:CommercialMortgageBackedSecuritiesMember 2019-01-01 2019-03-31 0000899051 us-gaap:FixedIncomeSecuritiesMember 2019-01-01 2019-03-31 0000899051 us-gaap:ShortTermInvestmentsMember 2019-01-01 2019-03-31 0000899051 all:CorporateDebtSecuritiesPublicMember 2019-01-01 2019-03-31 0000899051 us-gaap:CollateralizedDebtObligationsMember 2018-12-31 0000899051 us-gaap:CollateralizedDebtObligationsMember 2019-03-31 0000899051 us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-01-01 2019-03-31 0000899051 us-gaap:ShortTermInvestmentsMember 2019-03-31 0000899051 us-gaap:MortgageBackedSecuritiesMember 2018-12-31 0000899051 us-gaap:CollateralizedDebtObligationsMember 2019-01-01 2019-03-31 0000899051 all:CorporateDebtSecuritiesPrivatePlacementMember 2019-01-01 2019-03-31 0000899051 all:DerivativesEmbeddedInAnnuityContractsMember 2019-03-31 0000899051 us-gaap:CommercialMortgageBackedSecuritiesMember 2018-12-31 0000899051 us-gaap:CommercialMortgageBackedSecuritiesMember 2019-03-31 0000899051 us-gaap:EquitySecuritiesMember 2018-12-31 0000899051 all:DerivativesEmbeddedInAnnuityContractsMember 2018-12-31 0000899051 us-gaap:FixedIncomeSecuritiesMember 2019-03-31 0000899051 us-gaap:ShortTermInvestmentsMember 2018-12-31 0000899051 us-gaap:MortgageBackedSecuritiesMember 2019-03-31 0000899051 us-gaap:EquitySecuritiesMember 2019-03-31 0000899051 us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-03-31 0000899051 all:CorporateDebtSecuritiesPrivatePlacementMember 2019-03-31 0000899051 all:FreeStandingDerivativesNetMember 2018-12-31 0000899051 all:CorporateDebtSecuritiesPrivatePlacementMember 2018-12-31 0000899051 all:CorporateDebtSecuritiesPublicMember 2018-12-31 0000899051 all:CorporateDebtSecuritiesPublicMember 2019-03-31 0000899051 us-gaap:FixedIncomeSecuritiesMember 2018-12-31 0000899051 all:FreeStandingDerivativesNetMember 2019-03-31 0000899051 us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-12-31 0000899051 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000899051 us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0000899051 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000899051 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2018-12-31 0000899051 all:DerivativesEmbeddedInAnnuityContractsMember us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000899051 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2018-12-31 0000899051 us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember 2018-12-31 0000899051 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember all:CorporateDebtSecuritiesPublicMember 2018-12-31 0000899051 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember all:CorporateDebtSecuritiesPrivatePlacementMember 2018-12-31 0000899051 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-12-31 0000899051 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-12-31 0000899051 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CollateralizedDebtObligationsMember 2018-12-31 0000899051 us-gaap:FairValueInputsLevel1Member all:DerivativesEmbeddedInAnnuityContractsMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000899051 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000899051 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CollateralizedDebtObligationsMember 2018-12-31 0000899051 us-gaap:FairValueInputsLevel3Member 2018-12-31 0000899051 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:RedeemablePreferredStockMember 2018-12-31 0000899051 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2018-12-31 0000899051 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember all:CorporateDebtSecuritiesPublicMember 2018-12-31 0000899051 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember all:CorporateDebtSecuritiesPrivatePlacementMember 2018-12-31 0000899051 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember all:CorporateDebtSecuritiesPrivatePlacementMember 2018-12-31 0000899051 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryAndGovernmentMember 2018-12-31 0000899051 us-gaap:FairValueInputsLevel3Member all:DerivativesEmbeddedInAnnuityContractsMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000899051 us-gaap:FairValueInputsLevel1Member 2018-12-31 0000899051 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2018-12-31 0000899051 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:ForeignGovernmentDebtSecuritiesMember 2018-12-31 0000899051 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2018-12-31 0000899051 us-gaap:FairValueInputsLevel2Member 2018-12-31 0000899051 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember all:CorporateDebtSecuritiesPublicMember 2018-12-31 0000899051 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CollateralizedDebtObligationsMember 2018-12-31 0000899051 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2018-12-31 0000899051 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2018-12-31 0000899051 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryAndGovernmentMember 2018-12-31 0000899051 us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000899051 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-12-31 0000899051 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:RedeemablePreferredStockMember 2018-12-31 0000899051 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember all:CorporateDebtSecuritiesPrivatePlacementMember 2018-12-31 0000899051 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ForeignGovernmentDebtSecuritiesMember 2018-12-31 0000899051 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:RedeemablePreferredStockMember 2018-12-31 0000899051 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ForeignGovernmentDebtSecuritiesMember 2018-12-31 0000899051 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:MortgageBackedSecuritiesMember 2018-12-31 0000899051 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-12-31 0000899051 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember all:CorporateDebtSecuritiesPublicMember 2018-12-31 0000899051 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryAndGovernmentMember 2018-12-31 0000899051 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:CollateralizedDebtObligationsMember 2018-12-31 0000899051 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ForeignGovernmentDebtSecuritiesMember 2018-12-31 0000899051 us-gaap:FairValueInputsLevel2Member all:DerivativesEmbeddedInAnnuityContractsMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000899051 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MortgageBackedSecuritiesMember 2018-12-31 0000899051 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MortgageBackedSecuritiesMember 2018-12-31 0000899051 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:RedeemablePreferredStockMember 2018-12-31 0000899051 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryAndGovernmentMember 2018-12-31 0000899051 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MortgageBackedSecuritiesMember 2018-12-31 0000899051 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2018-12-31 0000899051 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryAndGovernmentMember 2019-03-31 0000899051 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember all:CorporateDebtSecuritiesPublicMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember all:CorporateDebtSecuritiesPrivatePlacementMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-03-31 0000899051 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:ForeignGovernmentDebtSecuritiesMember 2019-03-31 0000899051 us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-03-31 0000899051 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:CollateralizedDebtObligationsMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel2Member 2019-03-31 0000899051 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel2Member all:DerivativesEmbeddedInAnnuityContractsMember us-gaap:FairValueMeasurementsRecurringMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ForeignGovernmentDebtSecuritiesMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel3Member all:DerivativesEmbeddedInAnnuityContractsMember us-gaap:FairValueMeasurementsRecurringMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryAndGovernmentMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel1Member 2019-03-31 0000899051 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember all:CorporateDebtSecuritiesPublicMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CollateralizedDebtObligationsMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CollateralizedDebtObligationsMember 2019-03-31 0000899051 us-gaap:FairValueMeasurementsRecurringMember 2019-03-31 0000899051 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:RedeemablePreferredStockMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryAndGovernmentMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:RedeemablePreferredStockMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsNonrecurringMember 2019-03-31 0000899051 all:DerivativesEmbeddedInAnnuityContractsMember us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MortgageBackedSecuritiesMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember all:CorporateDebtSecuritiesPrivatePlacementMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ForeignGovernmentDebtSecuritiesMember 2019-03-31 0000899051 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:USTreasuryAndGovernmentMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MortgageBackedSecuritiesMember 2019-03-31 0000899051 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember all:CorporateDebtSecuritiesPublicMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember all:CorporateDebtSecuritiesPublicMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel1Member all:DerivativesEmbeddedInAnnuityContractsMember us-gaap:FairValueMeasurementsRecurringMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel3Member 2019-03-31 0000899051 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:RedeemablePreferredStockMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember all:CorporateDebtSecuritiesPrivatePlacementMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-03-31 0000899051 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember all:CorporateDebtSecuritiesPrivatePlacementMember 2019-03-31 0000899051 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ResidentialMortgageBackedSecuritiesMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:MortgageBackedSecuritiesMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsNonrecurringMember 2019-03-31 0000899051 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:MortgageBackedSecuritiesMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:RedeemablePreferredStockMember 2019-03-31 0000899051 us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:ForeignGovernmentDebtSecuritiesMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CollateralizedDebtObligationsMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:USStatesAndPoliticalSubdivisionsMember 2019-03-31 0000899051 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommercialMortgageBackedSecuritiesMember 2019-03-31 0000899051 us-gaap:CollateralizedDebtObligationsMember 2018-01-01 2018-03-31 0000899051 us-gaap:CommercialMortgageBackedSecuritiesMember 2017-12-31 0000899051 us-gaap:MortgageBackedSecuritiesMember 2018-01-01 2018-03-31 0000899051 us-gaap:FixedIncomeSecuritiesMember 2018-01-01 2018-03-31 0000899051 us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-01-01 2018-03-31 0000899051 all:CorporateDebtSecuritiesPrivatePlacementMember 2018-01-01 2018-03-31 0000899051 all:CorporateDebtSecuritiesPublicMember 2018-01-01 2018-03-31 0000899051 all:CorporateDebtSecuritiesPublicMember 2018-03-31 0000899051 us-gaap:CommercialMortgageBackedSecuritiesMember 2018-01-01 2018-03-31 0000899051 us-gaap:ShortTermInvestmentsMember 2018-01-01 2018-03-31 0000899051 us-gaap:EquitySecuritiesMember 2017-12-31 0000899051 us-gaap:USStatesAndPoliticalSubdivisionsMember 2017-12-31 0000899051 us-gaap:ShortTermInvestmentsMember 2017-12-31 0000899051 us-gaap:FixedIncomeSecuritiesMember 2017-12-31 0000899051 us-gaap:ShortTermInvestmentsMember 2018-03-31 0000899051 us-gaap:CollateralizedDebtObligationsMember 2018-03-31 0000899051 all:FreeStandingDerivativesNetMember 2018-01-01 2018-03-31 0000899051 all:DerivativesEmbeddedInAnnuityContractsMember 2017-12-31 0000899051 us-gaap:MortgageBackedSecuritiesMember 2017-12-31 0000899051 all:FreeStandingDerivativesNetMember 2017-12-31 0000899051 all:CorporateDebtSecuritiesPublicMember 2017-12-31 0000899051 us-gaap:CommercialMortgageBackedSecuritiesMember 2018-03-31 0000899051 all:FreeStandingDerivativesNetMember 2018-03-31 0000899051 us-gaap:FixedIncomeSecuritiesMember 2018-03-31 0000899051 all:CorporateDebtSecuritiesPrivatePlacementMember 2017-12-31 0000899051 us-gaap:USStatesAndPoliticalSubdivisionsMember 2018-03-31 0000899051 us-gaap:MortgageBackedSecuritiesMember 2018-03-31 0000899051 us-gaap:EquitySecuritiesMember 2018-03-31 0000899051 us-gaap:CollateralizedDebtObligationsMember 2017-12-31 0000899051 all:CorporateDebtSecuritiesPrivatePlacementMember 2018-03-31 0000899051 all:DerivativesEmbeddedInAnnuityContractsMember 2018-03-31 0000899051 us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0000899051 us-gaap:FairValueInputsLevel2Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2018-12-31 0000899051 us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel2Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel3Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2018-12-31 0000899051 us-gaap:FairValueInputsLevel3Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0000899051 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel3Member all:EmbeddedDerivativeEquityIndexedAndForwardStartingOptionsInLifeAndAnnuityProductContractMember 2019-03-31 0000899051 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member all:EmbeddedDerivativeEquityIndexedAndForwardStartingOptionsInLifeAndAnnuityProductContractMember all:MeasurementInputProjectedOptionCostMember 2018-12-31 0000899051 srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member all:EmbeddedDerivativeEquityIndexedAndForwardStartingOptionsInLifeAndAnnuityProductContractMember all:MeasurementInputProjectedOptionCostMember 2019-03-31 0000899051 us-gaap:FairValueInputsLevel3Member all:EmbeddedDerivativeEquityIndexedAndForwardStartingOptionsInLifeAndAnnuityProductContractMember 2018-12-31 0000899051 srt:MinimumMember us-gaap:FairValueInputsLevel3Member all:EmbeddedDerivativeEquityIndexedAndForwardStartingOptionsInLifeAndAnnuityProductContractMember all:MeasurementInputProjectedOptionCostMember 2019-03-31 0000899051 srt:MinimumMember us-gaap:FairValueInputsLevel3Member all:EmbeddedDerivativeEquityIndexedAndForwardStartingOptionsInLifeAndAnnuityProductContractMember all:MeasurementInputProjectedOptionCostMember 2018-12-31 0000899051 srt:MaximumMember us-gaap:FairValueInputsLevel3Member all:EmbeddedDerivativeEquityIndexedAndForwardStartingOptionsInLifeAndAnnuityProductContractMember all:MeasurementInputProjectedOptionCostMember 2019-03-31 0000899051 srt:MaximumMember us-gaap:FairValueInputsLevel3Member all:EmbeddedDerivativeEquityIndexedAndForwardStartingOptionsInLifeAndAnnuityProductContractMember all:MeasurementInputProjectedOptionCostMember 2018-12-31 0000899051 us-gaap:OtherLiabilitiesMember all:TotalReturnSwapEquityMember us-gaap:NondesignatedMember 2018-12-31 0000899051 us-gaap:OtherInvestmentsMember all:TotalReturnSwapFixedIncomeMember us-gaap:NondesignatedMember 2018-12-31 0000899051 us-gaap:OtherLiabilitiesMember us-gaap:InterestRateCapMember us-gaap:NondesignatedMember 2018-12-31 0000899051 us-gaap:OtherInvestmentsMember us-gaap:InterestRateCapMember us-gaap:NondesignatedMember 2018-12-31 0000899051 us-gaap:ContractHolderFundsMember all:EmbeddedDerivativeEquityIndexedAndForwardStartingOptionsInLifeAndAnnuityProductContractMember us-gaap:NondesignatedMember 2018-12-31 0000899051 us-gaap:ContractHolderFundsMember us-gaap:GuaranteedMinimumWithdrawalBenefitMember us-gaap:NondesignatedMember 2018-12-31 0000899051 us-gaap:OtherAssetsMember us-gaap:OtherContractMember us-gaap:NondesignatedMember 2018-12-31 0000899051 us-gaap:OtherLiabilitiesMember all:InterestRateFinancialFuturesContractsMember us-gaap:NondesignatedMember 2018-12-31 0000899051 us-gaap:OtherLiabilitiesMember us-gaap:CreditDefaultSwapSellingProtectionMember us-gaap:NondesignatedMember 2018-12-31 0000899051 us-gaap:OtherLiabilitiesMember us-gaap:CreditDefaultSwapBuyingProtectionMember us-gaap:NondesignatedMember 2018-12-31 0000899051 us-gaap:OtherInvestmentsMember us-gaap:CreditDefaultSwapBuyingProtectionMember us-gaap:NondesignatedMember 2018-12-31 0000899051 us-gaap:OtherAssetsMember all:InterestRateFinancialFuturesContractsMember us-gaap:NondesignatedMember 2018-12-31 0000899051 us-gaap:OtherLiabilitiesMember all:EquityAndIndexContractsOptionsFinancialFuturesMember us-gaap:NondesignatedMember 2018-12-31 0000899051 us-gaap:OtherLiabilitiesMember all:TotalReturnSwapFixedIncomeMember us-gaap:NondesignatedMember 2018-12-31 0000899051 us-gaap:OtherInvestmentsMember all:TotalReturnSwapEquityMember us-gaap:NondesignatedMember 2018-12-31 0000899051 us-gaap:ContractHolderFundsMember us-gaap:GuaranteedMinimumAccumulationBenefitMember us-gaap:NondesignatedMember 2018-12-31 0000899051 us-gaap:OtherInvestmentsMember all:ForeignCurrencyForwardsMember us-gaap:NondesignatedMember 2018-12-31 0000899051 us-gaap:OtherInvestmentsMember all:EquityAndIndexContractsOptionsAndWarrantsMember us-gaap:NondesignatedMember 2018-12-31 0000899051 us-gaap:OtherAssetsMember all:EquityAndIndexContractsFinancialFuturesContractsMember us-gaap:NondesignatedMember 2018-12-31 0000899051 us-gaap:OtherLiabilitiesMember all:ForeignCurrencyForwardsMember us-gaap:NondesignatedMember 2018-12-31 0000899051 us-gaap:OtherAssetsMember us-gaap:NondesignatedMember 2018-12-31 0000899051 us-gaap:OtherAssetsMember all:EquityAndIndexContractsFinancialFuturesContractsMember us-gaap:NondesignatedMember 2019-03-31 0000899051 us-gaap:OtherLiabilitiesMember us-gaap:CreditDefaultSwapBuyingProtectionMember us-gaap:NondesignatedMember 2019-03-31 0000899051 us-gaap:OtherLiabilitiesMember all:EquityAndIndexContractsOptionsFinancialFuturesMember us-gaap:NondesignatedMember 2019-03-31 0000899051 us-gaap:OtherInvestmentsMember us-gaap:CreditDefaultSwapSellingProtectionMember us-gaap:NondesignatedMember 2019-03-31 0000899051 us-gaap:OtherInvestmentsMember all:ForeignCurrencyForwardsMember us-gaap:NondesignatedMember 2019-03-31 0000899051 us-gaap:OtherLiabilitiesMember us-gaap:CreditDefaultSwapSellingProtectionMember us-gaap:NondesignatedMember 2019-03-31 0000899051 us-gaap:OtherInvestmentsMember all:TotalReturnSwapEquityMember us-gaap:NondesignatedMember 2019-03-31 0000899051 us-gaap:OtherAssetsMember us-gaap:OtherContractMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-03-31 0000899051 us-gaap:OtherLiabilitiesMember all:ForeignCurrencyForwardsMember us-gaap:NondesignatedMember 2019-03-31 0000899051 us-gaap:ContractHolderFundsMember all:EmbeddedDerivativeEquityIndexedAndForwardStartingOptionsInLifeAndAnnuityProductContractMember us-gaap:NondesignatedMember 2019-03-31 0000899051 us-gaap:ContractHolderFundsMember us-gaap:GuaranteedMinimumWithdrawalBenefitMember us-gaap:NondesignatedMember 2019-03-31 0000899051 us-gaap:OtherLiabilitiesMember us-gaap:InterestRateCapMember us-gaap:NondesignatedMember 2019-03-31 0000899051 us-gaap:OtherInvestmentsMember us-gaap:InterestRateCapMember us-gaap:NondesignatedMember 2019-03-31 0000899051 us-gaap:OtherInvestmentsMember all:TotalReturnSwapFixedIncomeMember us-gaap:NondesignatedMember 2019-03-31 0000899051 us-gaap:OtherLiabilitiesMember all:TotalReturnSwapFixedIncomeMember us-gaap:NondesignatedMember 2019-03-31 0000899051 us-gaap:OtherLiabilitiesMember us-gaap:InterestRateSwaptionMember us-gaap:NondesignatedMember 2019-03-31 0000899051 us-gaap:OtherInvestmentsMember us-gaap:CreditDefaultSwapBuyingProtectionMember us-gaap:NondesignatedMember 2019-03-31 0000899051 us-gaap:ContractHolderFundsMember us-gaap:GuaranteedMinimumAccumulationBenefitMember us-gaap:NondesignatedMember 2019-03-31 0000899051 us-gaap:OtherLiabilitiesMember all:EquityAndIndexContractsFinancialFuturesContractsMember us-gaap:NondesignatedMember 2019-03-31 0000899051 us-gaap:OtherLiabilitiesMember all:InterestRateFinancialFuturesContractsMember us-gaap:NondesignatedMember 2019-03-31 0000899051 us-gaap:OtherInvestmentsMember all:EquityAndIndexContractsOptionsAndWarrantsMember us-gaap:NondesignatedMember 2019-03-31 0000899051 us-gaap:OtherAssetsMember all:InterestRateFinancialFuturesContractsMember us-gaap:NondesignatedMember 2019-03-31 0000899051 us-gaap:OtherAssetsMember us-gaap:NondesignatedMember 2019-03-31 0000899051 srt:StandardPoorsARatingMember 2019-03-31 0000899051 srt:StandardPoorsARatingMember 2018-12-31 0000899051 srt:StandardPoorsAPlusRatingMember 2019-03-31 0000899051 srt:StandardPoorsAPlusRatingMember 2018-12-31 0000899051 us-gaap:DesignatedAsHedgingInstrumentMember 2019-03-31 0000899051 us-gaap:DesignatedAsHedgingInstrumentMember 2018-03-31 0000899051 all:OtherCostAndExpenseOperatingMember 2019-01-01 2019-03-31 0000899051 all:EquityAndIndexContractMember 2018-01-01 2018-03-31 0000899051 all:EquityAndIndexContractMember all:OtherCostAndExpenseOperatingMember 2018-01-01 2018-03-31 0000899051 all:EquityAndIndexContractMember 2019-01-01 2019-03-31 0000899051 us-gaap:CreditDefaultSwapMember all:InterestCreditedToContractholderFundsMember 2018-01-01 2018-03-31 0000899051 us-gaap:ForeignExchangeContractMember all:LifeAndAnnuityContractBenefitsMember 2018-01-01 2018-03-31 0000899051 us-gaap:ForeignExchangeContractMember 2018-01-01 2018-03-31 0000899051 all:TotalReturnSwapEquityMember all:InterestCreditedToContractholderFundsMember 2019-01-01 2019-03-31 0000899051 us-gaap:InterestRateContractMember 2019-01-01 2019-03-31 0000899051 all:EquityAndIndexContractMember all:RealizedCapitalGainsAndLossesMember 2018-01-01 2018-03-31 0000899051 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember all:RealizedCapitalGainsAndLossesMember 2019-01-01 2019-03-31 0000899051 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember all:InterestCreditedToContractholderFundsMember 2019-01-01 2019-03-31 0000899051 all:TotalReturnSwapFixedIncomeMember all:OtherCostAndExpenseOperatingMember 2019-01-01 2019-03-31 0000899051 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember all:LifeAndAnnuityContractBenefitsMember 2018-01-01 2018-03-31 0000899051 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember all:LifeAndAnnuityContractBenefitsMember 2019-01-01 2019-03-31 0000899051 us-gaap:InterestRateContractMember all:LifeAndAnnuityContractBenefitsMember 2019-01-01 2019-03-31 0000899051 us-gaap:ForeignExchangeContractMember 2019-01-01 2019-03-31 0000899051 us-gaap:CreditDefaultSwapMember all:LifeAndAnnuityContractBenefitsMember 2018-01-01 2018-03-31 0000899051 all:TotalReturnSwapFixedIncomeMember all:LifeAndAnnuityContractBenefitsMember 2019-01-01 2019-03-31 0000899051 all:EquityAndIndexContractMember all:InterestCreditedToContractholderFundsMember 2019-01-01 2019-03-31 0000899051 us-gaap:ForeignExchangeContractMember all:InterestCreditedToContractholderFundsMember 2018-01-01 2018-03-31 0000899051 us-gaap:ForeignExchangeContractMember all:LifeAndAnnuityContractBenefitsMember 2019-01-01 2019-03-31 0000899051 us-gaap:InterestRateContractMember all:OtherCostAndExpenseOperatingMember 2019-01-01 2019-03-31 0000899051 us-gaap:ForeignExchangeContractMember all:InterestCreditedToContractholderFundsMember 2019-01-01 2019-03-31 0000899051 all:TotalReturnSwapEquityMember all:RealizedCapitalGainsAndLossesMember 2019-01-01 2019-03-31 0000899051 us-gaap:ForeignExchangeContractMember all:OtherCostAndExpenseOperatingMember 2019-01-01 2019-03-31 0000899051 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember 2018-01-01 2018-03-31 0000899051 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember all:InterestCreditedToContractholderFundsMember 2018-01-01 2018-03-31 0000899051 all:TotalReturnSwapFixedIncomeMember all:InterestCreditedToContractholderFundsMember 2019-01-01 2019-03-31 0000899051 us-gaap:CreditDefaultSwapMember all:OtherCostAndExpenseOperatingMember 2018-01-01 2018-03-31 0000899051 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember all:RealizedCapitalGainsAndLossesMember 2018-01-01 2018-03-31 0000899051 all:EquityAndIndexContractMember all:OtherCostAndExpenseOperatingMember 2019-01-01 2019-03-31 0000899051 us-gaap:ForeignExchangeContractMember all:RealizedCapitalGainsAndLossesMember 2019-01-01 2019-03-31 0000899051 us-gaap:CreditDefaultSwapMember all:LifeAndAnnuityContractBenefitsMember 2019-01-01 2019-03-31 0000899051 all:OtherCostAndExpenseOperatingMember 2018-01-01 2018-03-31 0000899051 all:TotalReturnSwapFixedIncomeMember 2019-01-01 2019-03-31 0000899051 us-gaap:CreditDefaultSwapMember 2018-01-01 2018-03-31 0000899051 all:EquityAndIndexContractMember all:RealizedCapitalGainsAndLossesMember 2019-01-01 2019-03-31 0000899051 all:EquityAndIndexContractMember all:LifeAndAnnuityContractBenefitsMember 2018-01-01 2018-03-31 0000899051 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember 2019-01-01 2019-03-31 0000899051 us-gaap:CreditDefaultSwapMember 2019-01-01 2019-03-31 0000899051 all:EquityAndIndexContractMember all:LifeAndAnnuityContractBenefitsMember 2019-01-01 2019-03-31 0000899051 us-gaap:ForeignExchangeContractMember all:RealizedCapitalGainsAndLossesMember 2018-01-01 2018-03-31 0000899051 us-gaap:InterestRateContractMember all:RealizedCapitalGainsAndLossesMember 2019-01-01 2019-03-31 0000899051 all:TotalReturnSwapEquityMember 2019-01-01 2019-03-31 0000899051 all:TotalReturnSwapEquityMember all:OtherCostAndExpenseOperatingMember 2019-01-01 2019-03-31 0000899051 us-gaap:CreditDefaultSwapMember all:InterestCreditedToContractholderFundsMember 2019-01-01 2019-03-31 0000899051 all:TotalReturnSwapFixedIncomeMember all:RealizedCapitalGainsAndLossesMember 2019-01-01 2019-03-31 0000899051 us-gaap:ForeignExchangeContractMember all:OtherCostAndExpenseOperatingMember 2018-01-01 2018-03-31 0000899051 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember all:OtherCostAndExpenseOperatingMember 2019-01-01 2019-03-31 0000899051 us-gaap:EmbeddedDerivativeFinancialInstrumentsMember all:OtherCostAndExpenseOperatingMember 2018-01-01 2018-03-31 0000899051 us-gaap:CreditDefaultSwapMember all:RealizedCapitalGainsAndLossesMember 2019-01-01 2019-03-31 0000899051 all:EquityAndIndexContractMember all:InterestCreditedToContractholderFundsMember 2018-01-01 2018-03-31 0000899051 us-gaap:CreditDefaultSwapMember all:OtherCostAndExpenseOperatingMember 2019-01-01 2019-03-31 0000899051 all:TotalReturnSwapEquityMember all:LifeAndAnnuityContractBenefitsMember 2019-01-01 2019-03-31 0000899051 us-gaap:InterestRateContractMember all:InterestCreditedToContractholderFundsMember 2019-01-01 2019-03-31 0000899051 us-gaap:CreditDefaultSwapMember all:RealizedCapitalGainsAndLossesMember 2018-01-01 2018-03-31 0000899051 us-gaap:OverTheCounterMember 2018-12-31 0000899051 us-gaap:OverTheCounterMember 2019-03-31 0000899051 us-gaap:CatastropheMember 2018-01-01 2018-03-31 0000899051 all:HomeOwnersMember us-gaap:CatastropheMember 2019-01-01 2019-03-31 0000899051 us-gaap:CatastropheMember 2019-01-01 2019-03-31 0000899051 all:HomeOwnersMember all:NonCatastropheReestimatesMember 2019-01-01 2019-03-31 0000899051 all:HomeOwnersMember all:ReserveAdjustmentsMember 2019-01-01 2019-03-31 0000899051 all:AutoMember 2019-01-01 2019-03-31 0000899051 all:AutoMember all:NonCatastropheReestimatesMember 2019-01-01 2019-03-31 0000899051 all:NonCatastropheReestimatesMember 2019-01-01 2019-03-31 0000899051 all:DiscontinuedLinesAndCoveragesMember all:ReserveAdjustmentsMember 2019-01-01 2019-03-31 0000899051 all:OtherPersonalLinesMember all:ReserveAdjustmentsMember 2019-01-01 2019-03-31 0000899051 us-gaap:PropertyAndCasualtyCommercialInsuranceProductLineMember all:ReserveAdjustmentsMember 2019-01-01 2019-03-31 0000899051 all:PropertyLiabilityMember 2018-03-31 0000899051 all:PropertyLiabilityMember 2018-12-31 0000899051 all:PropertyLiabilityMember 2017-12-31 0000899051 all:PropertyLiabilityMember 2019-03-31 0000899051 all:PropertyLiabilityInsuranceClaimsAndClaimsExpenseMember 2018-01-01 2018-03-31 0000899051 all:PropertyLiabilityInsuranceClaimsAndClaimsExpenseMember 2019-01-01 2019-03-31 0000899051 all:ScottishReMember 2019-03-31 0000899051 all:LifeAndAnnuityContractBenefitsMember 2019-03-31 0000899051 us-gaap:LifeAndAnnuityInsuranceProductLineMember 2019-01-01 2019-03-31 0000899051 us-gaap:LifeAndAnnuityInsuranceProductLineMember 2018-01-01 2018-03-31 0000899051 us-gaap:EmployeeSeveranceMember 2019-01-01 2019-03-31 0000899051 us-gaap:FacilityClosingMember 2019-01-01 2019-03-31 0000899051 us-gaap:FacilityClosingMember 2018-12-31 0000899051 us-gaap:FacilityClosingMember 2019-03-31 0000899051 us-gaap:EmployeeSeveranceMember 2018-12-31 0000899051 us-gaap:EmployeeSeveranceMember 2019-03-31 0000899051 srt:MaximumMember 2019-01-01 2019-03-31 0000899051 srt:MinimumMember 2019-01-01 2019-03-31 0000899051 us-gaap:PensionPlansDefinedBenefitMember 2019-01-01 2019-03-31 0000899051 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2019-01-01 2019-03-31 0000899051 us-gaap:PensionPlansDefinedBenefitMember 2018-01-01 2018-03-31 0000899051 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2018-01-01 2018-03-31 0000899051 us-gaap:AccountingStandardsUpdate201602Member 2019-01-01 2019-03-31 0000899051 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-01-01 2018-03-31 0000899051 us-gaap:AccumulatedTranslationAdjustmentMember 2018-01-01 2018-03-31 0000899051 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-01-01 2018-03-31 0000899051 us-gaap:AccumulatedTranslationAdjustmentMember 2019-01-01 2019-03-31 0000899051 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-01-01 2019-03-31 0000899051 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-01-01 2019-03-31 xbrli:pure iso4217:USD xbrli:shares iso4217:USD xbrli:shares all:contract all:counter-party
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
/X/  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 2019
OR
[ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from ______ to ______
Commission file number 1-11840
allstatebrandcolora17.jpg
THE ALLSTATE CORPORATION
(Exact name of registrant as specified in its charter)
 
Delaware
 
36-3871531
 
 
(State or other jurisdiction of incorporation or organization)
 
(I.R.S. Employer Identification No.)
 
 
 
2775 Sanders Road, Northbrook, Illinois
60062
 
 
(Address of principal executive offices)
(Zip Code)
 
 
(847) 402-5000
(Registrant’s telephone number, including area code)
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
 
Yes   X  
No ___
 
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
 
Yes   X  
No ___
 
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer
   X   
Accelerated filer
____
 
 
 
 
Non-accelerated filer
        
Smaller reporting company
____
 
 
 
 
 
 
Emerging growth company
____
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ____
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
 
Yes        
No   X  
 
As of April 15, 2019, the registrant had 333,106,827 common shares, $.01 par value, outstanding.



The Allstate Corporation
Index to Quarterly Report on Form 10-Q
March 31, 2019
Part I Financial Information
Page
 
 
 
 
 
 
 
Condensed Consolidated Statements of Operations for the Three Month Periods Ended March 31, 2019 and 2018 (unaudited)
 
Condensed Consolidated Statements of Comprehensive Income for the Three Month Periods Ended March 31, 2019 and 2018 (unaudited)
 
Condensed Consolidated Statements of Financial Position as of March 31, 2019 and December 31, 2018 (unaudited)
 
Condensed Consolidated Statements of Shareholders’ Equity for the Three Month Periods Ended March 31, 2019 and 2018 (unaudited)
 
Condensed Consolidated Statements of Cash Flows for the Three Month Periods Ended March 31, 2019 and 2018 (unaudited)
 
 
 
 
 
 
 
 
 
 
Highlights
 
 
segmentresultsverticlea08.jpg
Allstate brand
Esurance brand
Encompass brand
Discontinued Lines and Coverages
Service Businesses
Allstate Life
Allstate Benefits
Allstate Annuities
 
 
 
 
 
 
 
 
 
Part II Other Information


Condensed Consolidated Financial Statements

Part I. Financial Information
Item 1. Financial Statements
The Allstate Corporation and Subsidiaries
Condensed Consolidated Statements of Operations (unaudited)
($ in millions, except per share data)
 
Three months ended March 31,
 
2019
 
2018
Revenues
 
 

 
 

Property and casualty insurance premiums
 
$
8,802

 
$
8,286

Life premiums and contract charges
 
628

 
616

Other revenue
 
250

 
216

Net investment income
 
648

 
786

Realized capital gains and losses:
 
 

 
 

Total other-than-temporary impairment (“OTTI”) losses
 
(16
)
 

OTTI losses reclassified to (from) other comprehensive income ("OCI")
 
2

 
(1
)
Net OTTI losses recognized in earnings
 
(14
)
 
(1
)
Sales and valuation changes on equity investments and derivatives
 
676

 
(133
)
Total realized capital gains and losses
 
662

 
(134
)
Total revenues
 
10,990

 
9,770

 
 
 
 
 
Costs and expenses
 
 

 
 

Property and casualty insurance claims and claims expense
 
5,820

 
5,129

Life contract benefits
 
497

 
504

Interest credited to contractholder funds
 
162

 
161

Amortization of deferred policy acquisition costs
 
1,364

 
1,273

Operating costs and expenses
 
1,380

 
1,303

Pension and other postretirement remeasurement gains and losses
 
15

 
14

Amortization of purchased intangibles
 
32

 
22

Restructuring and related charges
 
18

 
19

Interest expense
 
83

 
83

Total costs and expenses
 
9,371

 
8,508

 
 
 
 
 
Gain on disposition of operations
 
1

 
1

 
 
 
 
 
Income from operations before income tax expense
 
1,620

 
1,263

 
 
 
 
 
Income tax expense
 
328

 
257

 
 
 
 
 
Net income
 
1,292

 
1,006

 
 
 
 
 
Preferred stock dividends
 
31

 
29

 
 
 
 
 
Net income applicable to common shareholders
 
$
1,261

 
$
977

 
 
 
 
 
Earnings per common share
 
 

 
 

Net income applicable to common shareholders per common share - Basic
 
$
3.79

 
$
2.76

Weighted average common shares - Basic
 
332.6

 
354.1

Net income applicable to common shareholders per common share - Diluted
 
$
3.74

 
$
2.71

Weighted average common shares - Diluted
 
337.5

 
359.9






See notes to condensed consolidated financial statements.

First Quarter 2019 Form 10-Q 1

Condensed Consolidated Financial Statements

The Allstate Corporation and Subsidiaries
Condensed Consolidated Statements of Comprehensive Income (unaudited)
($ in millions)
 
Three months ended March 31,
 
2019
 
2018
Net income
 
$
1,292

 
$
1,006

 
 
 
 
 
Other comprehensive income (loss), after-tax
 
 

 
 

Changes in:
 
 

 
 

Unrealized net capital gains and losses
 
974

 
(565
)
Unrealized foreign currency translation adjustments
 
5

 
(2
)
Unamortized pension and other postretirement prior service credit
 
(12
)
 
(14
)
Other comprehensive income (loss), after-tax
 
967

 
(581
)
 
 
 
 
 
Comprehensive income
 
$
2,259

 
$
425

 
































See notes to condensed consolidated financial statements.

2 allstatelogohandsa28.jpg www.allstate.com

Condensed Consolidated Financial Statements

The Allstate Corporation and Subsidiaries
Condensed Consolidated Statements of Financial Position (unaudited)
($ in millions, except par value data)
 
March 31, 2019
 
December 31, 2018
Assets
 
 
Investments
 
 

 
 

Fixed income securities, at fair value (amortized cost $56,831 and $57,134)
 
$
58,202

 
$
57,170

Equity securities, at fair value (cost $4,767 and $4,489)
 
5,802

 
5,036

Mortgage loans
 
4,681

 
4,670

Limited partnership interests
 
7,493

 
7,505

Short-term, at fair value (amortized cost $4,157 and $3,027)
 
4,157

 
3,027

Other
 
3,786

 
3,852

Total investments
 
84,121

 
81,260

Cash
 
551

 
499

Premium installment receivables, net
 
6,201

 
6,154

Deferred policy acquisition costs
 
4,670

 
4,784

Reinsurance and indemnification recoverables, net
 
9,374

 
9,565

Accrued investment income
 
614

 
600

Property and equipment, net
 
1,047

 
1,045

Goodwill
 
2,547

 
2,530

Other assets
 
3,659

 
3,007

Separate Accounts
 
3,050

 
2,805

Total assets
 
$
115,834

 
$
112,249

Liabilities
 
 

 
 

Reserve for property and casualty insurance claims and claims expense
 
$
27,544

 
$
27,423

Reserve for life-contingent contract benefits
 
12,200

 
12,208

Contractholder funds
 
18,161

 
18,371

Unearned premiums
 
14,323

 
14,510

Claim payments outstanding
 
891

 
1,007

Deferred income taxes
 
817

 
425

Other liabilities and accrued expenses
 
8,977

 
7,737

Long-term debt
 
6,453

 
6,451

Separate Accounts
 
3,050

 
2,805

Total liabilities
 
92,416

 
90,937

Commitments and Contingent Liabilities (Note 11)
 


 


Shareholders’ equity
 
 

 
 

Preferred stock and additional capital paid-in, $1 par value, 25 million shares authorized, 79.8 thousand issued and outstanding, $1,995 aggregate liquidation preference
 
1,930

 
1,930

Common stock, $.01 par value, 2.0 billion shares authorized and 900 million issued, 333 million and 332 million shares outstanding
 
9

 
9

Additional capital paid-in
 
3,291

 
3,310

Retained income
 
45,148

 
44,033

Deferred Employee Stock Ownership Plan (“ESOP”) expense
 
(3
)
 
(3
)
Treasury stock, at cost (567 million and 568 million shares)
 
(28,042
)
 
(28,085
)
Accumulated other comprehensive income:
 
 

 
 

Unrealized net capital gains and losses:
 
 

 
 

Unrealized net capital gains and losses on fixed income securities with OTTI
 
73

 
75

Other unrealized net capital gains and losses
 
1,003

 
(51
)
Unrealized adjustment to DAC, DSI and insurance reserves
 
(104
)
 
(26
)
Total unrealized net capital gains and losses
 
972

 
(2
)
Unrealized foreign currency translation adjustments
 
(44
)
 
(49
)
Unamortized pension and other postretirement prior service credit
 
157

 
169

Total accumulated other comprehensive income (“AOCI”)
 
1,085

 
118

Total shareholders’ equity
 
23,418

 
21,312

Total liabilities and shareholders’ equity
 
$
115,834

 
$
112,249


See notes to condensed consolidated financial statements.

First Quarter 2019 Form 10-Q 3

Condensed Consolidated Financial Statements

The Allstate Corporate and Subsidiaries
Condensed Consolidated Statements of Shareholders’ Equity (unaudited)
($ in millions, except per share data)
 
Three months ended March 31,
 
2019
 
2018
Preferred stock par value
 
$

 
$

Preferred stock additional capital paid-in
 
 

 
 

Balance, beginning of period
 
1,930

 
1,746

Preferred stock issuance
 

 
557

Balance, end of period
 
1,930

 
2,303

 
 
 
 
 
Common stock par value
 
9

 
9

Common stock additional capital paid-in
 
 

 
 

Balance, beginning of period
 
3,310

 
3,313

Forward contract on accelerated share repurchase agreement
 

 
45

Activity under equity incentive plans
 
(19
)
 
9

Balance, end of period
 
3,291

 
3,367

 
 
 
 
 
Retained income
 
 

 
 

Balance, beginning of period
 
44,033

 
41,579

Cumulative effect of change in accounting principle
 
21

 
1,088

Net income
 
1,292

 
1,006

Dividends on common stock (declared per share of $0.50 and $0.46)
 
(167
)
 
(165
)
Dividends on preferred stock
 
(31
)
 
(29
)
Balance, end of period
 
45,148

 
43,479

 
 
 
 
 
Deferred ESOP expense
 
(3
)
 
(3
)
 
 
 
 
 
Treasury stock
 
 

 
 

Balance, beginning of period
 
(28,085
)
 
(25,982
)
Shares acquired
 

 
(333
)
Shares reissued under equity incentive plans, net
 
43

 
35

Balance, end of period
 
(28,042
)
 
(26,280
)
 
 
 
 
 
Accumulated other comprehensive income
 
 

 
 

Balance, beginning of period
 
118

 
1,889

Cumulative effect of change in accounting principle
 

 
(910
)
Change in unrealized net capital gains and losses
 
974

 
(565
)
Change in unrealized foreign currency translation adjustments
 
5

 
(2
)
Change in unamortized pension and other postretirement prior service credit
 
(12
)
 
(14
)
Balance, end of period
 
1,085

 
398

Total shareholders’ equity
 
$
23,418

 
$
23,273

 









See notes to condensed consolidated financial statements.

4 allstatelogohandsa28.jpg www.allstate.com

Condensed Consolidated Financial Statements

The Allstate Corporation and Subsidiaries
Condensed Consolidated Statements of Cash Flows (unaudited)
($ in millions)
 
Three months ended March 31,
 
2019
 
2018
Cash flows from operating activities
 
 
Net income
 
$
1,292

 
$
1,006

Adjustments to reconcile net income to net cash provided by operating activities:
 
 

 
 

Depreciation, amortization and other non-cash items
 
157

 
122

Realized capital gains and losses
 
(662
)
 
134

Pension and other postretirement remeasurement gains and losses
 
15

 
14

Gain on disposition of operations
 
(1
)
 
(1
)
Interest credited to contractholder funds
 
162

 
161

Changes in:
 
 

 
 

Policy benefits and other insurance reserves
 
(114
)
 
(364
)
Unearned premiums
 
(201
)
 
(204
)
Deferred policy acquisition costs
 
33

 
10

Premium installment receivables, net
 
(39
)
 
(58
)
Reinsurance recoverables, net
 
179

 
(12
)
Income taxes
 
303

 
189

Other operating assets and liabilities
 
(410
)
 
(371
)
Net cash provided by operating activities
 
714

 
626

Cash flows from investing activities
 
 

 
 

Proceeds from sales
 
 

 
 

Fixed income securities
 
9,034

 
10,619

Equity securities
 
633

 
1,138

Limited partnership interests
 
241

 
53

Other investments
 
44

 
76

Investment collections
 
 

 
 

Fixed income securities
 
628

 
583

Mortgage loans
 
104

 
46

Other investments
 
68

 
122

Investment purchases
 
 

 
 

Fixed income securities
 
(9,056
)
 
(9,789
)
Equity securities
 
(871
)
 
(1,535
)
Limited partnership interests
 
(282
)
 
(415
)
Mortgage loans
 
(114
)
 
(192
)
Other investments
 
(89
)
 
(330
)
Change in short-term investments, net
 
(552
)
 
(1,533
)
Change in other investments, net
 
47

 
(27
)
Purchases of property and equipment, net
 
(80
)
 
(62
)
Acquisition of operations
 
(18
)
 
(5
)
Net cash used in investing activities
 
(263
)
 
(1,251
)
Cash flows from financing activities
 
 

 
 

Proceeds from issuance of long-term debt
 

 
498

Proceeds from issuance of preferred stock
 

 
558

Contractholder fund deposits
 
254

 
253

Contractholder fund withdrawals
 
(458
)
 
(492
)
Dividends paid on common stock
 
(158
)
 
(132
)
Dividends paid on preferred stock
 
(31
)
 
(29
)
Treasury stock purchases
 

 
(270
)
Shares reissued under equity incentive plans, net
 
(5
)
 
10

Other
 
(1
)
 
62

Net cash (used in) provided by financing activities
 
(399
)
 
458

Net increase (decrease) in cash
 
52

 
(167
)
Cash at beginning of period
 
499

 
617

Cash at end of period
 
$
551

 
$
450

See notes to condensed consolidated financial statements.

First Quarter 2019 Form 10-Q 5

Notes to Condensed Consolidated Financial Statements


The Allstate Corporation and Subsidiaries
Notes to Condensed Consolidated Financial Statements
(Unaudited)
Note 1
General
Basis of presentation
The accompanying condensed consolidated financial statements include the accounts of The Allstate Corporation (the “Corporation”) and its wholly owned subsidiaries, primarily Allstate Insurance Company (“AIC”), a property and casualty insurance company with various property and casualty and life and investment subsidiaries, including Allstate Life Insurance Company (“ALIC”) (collectively referred to as the “Company” or “Allstate”). These condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”).
The condensed consolidated financial statements and notes as of March 31, 2019 and for the three month periods ended March 31, 2019 and 2018 are unaudited. The condensed consolidated financial statements reflect all adjustments (consisting only of normal recurring accruals) which are, in the opinion of management, necessary for the fair presentation of the financial position, results of operations and cash flows for the interim periods. These condensed consolidated financial statements and notes should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s annual report on Form 10-K for the year ended December 31, 2018. The results of operations for the interim periods should not be considered indicative of results to be expected for the full year. All significant intercompany accounts and transactions have been eliminated.
To conform to the current year presentation, certain amounts in the prior year condensed consolidated financial statements and notes have been reclassified.
Adopted accounting standards
Accounting for Leases
Effective January 1, 2019 the Company adopted new Financial Accounting Standards Board ("FASB") guidance related to accounting for leases. Upon adoption of the guidance under the optional transition method that allows application of the transition provisions at the adoption date instead of the earliest period presented, the Company recorded a $585 million lease liability equal to the present value of lease payments and a $488 million right-of-use (“ROU”) asset, which is the corresponding lease liability adjusted for qualifying accrued lease payments. The lease liability and ROU asset were reported as part of other liabilities and other assets on the Condensed Consolidated Statements of Financial Position. The impact of these changes at adoption had no impact on net income or shareholders’ equity. Prior periods were not restated under the new standard. The Company utilized practical expedients which do not require reassessment of existing contracts for the existence of
 
a lease or reassessment of existing lease classifications.
Upon adoption, the new guidance required sellers in a sale-leaseback transaction to recognize the entire gain from the sale of an underlying asset at the time the sale is recognized rather than over the leaseback term. The carrying value of unrecognized gains on sale-leaseback transactions executed prior to January 1, 2019 was $21 million, after-tax, and was recorded as an increase to retained income at the date of adoption.
Accounting for Hedging Activities
Effective January 1, 2019 the Company adopted new FASB guidance intended to better align hedge accounting with an organization’s risk management activities. The new guidance expands hedge accounting to nonfinancial and financial risk components and revises the measurement methodologies to better align with an organization’s risk management activities. Separate presentation of hedge ineffectiveness is eliminated with the intention to provide greater transparency to the full impact of hedging by requiring presentation of the results of the hedged item and hedging instrument in a single financial statement line item. In addition, the amendments were designed to reduce complexity by simplifying hedge effectiveness testing. The adoption had no impact on the Company’s results of operations or financial position.
Changes to significant accounting policies for leases
The Company has certain operating leases for office facilities, computer and office equipment, and transportation vehicles. The Company’s leases have remaining lease terms of 1 year to 11 years, some of which include options to extend the leases for up to 14 years, and some of which include options to terminate the leases within 60 days.
The Company determines if an arrangement is a lease at inception. Leases with an initial term less than one year are not recorded on the balance sheet and the lease costs for these leases are recorded on a straight-line basis over the lease term. Operating leases with terms greater than one year, result in a lease liability recorded in other liabilities with a corresponding ROU asset recorded in other assets. As of March 31, 2019, the Company had $572 million in lease liabilities and $474 million in ROU assets.
Operating lease liabilities are recognized at the commencement date based on the present value of future minimum lease payments over the lease term. ROU assets are recognized based on the corresponding lease liabilities adjusted for qualifying initial direct costs, prepaid or accrued lease payments and unamortized lease incentives. As most of the

6 allstatelogohandsa28.jpg www.allstate.com

Notes to Condensed Consolidated Financial Statements


Company’s leases do not disclose the implicit interest rate, the Company uses collateralized incremental borrowing rates based on information available at lease commencement when determining the present value of future lease payments. The Company has lease agreements with lease and non-lease components, which are generally accounted for as a single lease. Lease terms may include options to extend or terminate the lease which are incorporated into the Company’s measurements when it is reasonably certain that the Company will exercise the option.
Operating lease costs are recognized on a straight-line basis over the lease term and include interest expense on the lease liability and amortization of the ROU asset. Variable lease costs are expensed as incurred and include maintenance costs and real estate taxes. Lease costs are reported in operating costs and expenses and totaled $41 million, including $7 million of variable lease costs in first quarter 2019.
Other information related to operating leases
 
 
As of March 31, 2019
Weighted average remaining lease term (years)
 
6

Weighted average discount rate
 
3.27
%

Maturity of lease liabilities
($ in millions)
 
Operating leases
2019 (1)
 
$
85

2020
 
135

2021
 
104

2022
 
86

2023
 
71

2024
 
55

Thereafter
 
104

Total lease payments (2)
 
$
640

Less: interest
 
(68
)
Present value of lease liabilities
 
$
572

(1) 
Excludes maturity of lease liabilities for the three months ended March 31, 2019.
(2) 
Excludes operating leases that have not yet commenced of $11 million as of March 31, 2019.
Pending accounting standards
Measurement of Credit Losses on Financial Instruments
In June 2016, the FASB issued guidance which revises the credit loss recognition criteria for certain financial assets measured at amortized cost, including reinsurance recoverables. The new guidance replaces the existing incurred loss recognition model with an expected loss recognition model. The objective of the expected credit loss model is for a reporting entity to recognize its estimate of expected credit losses for affected financial assets in a valuation allowance that when deducted from the amortized cost basis of the related financial assets results in a net carrying value of affected financial assets at the amount expected to be
 
collected. The reporting entity must consider all relevant information available when estimating expected credit losses, including details about past events, current conditions, and reasonable and supportable forecasts over the life of an asset. Financial assets may be evaluated individually or on a pooled basis when they share similar risk characteristics. The measurement of credit losses for available-for-sale debt securities measured at fair value is not affected except that credit losses recognized are limited to the amount by which fair value is below amortized cost and the carrying value adjustment is recognized through a valuation allowance which may change over time but once recorded cannot subsequently be reduced to an amount below zero. The guidance is effective for reporting periods beginning after December 15, 2019, and for most affected instruments must be adopted using a modified retrospective approach, with a cumulative effect adjustment recorded to beginning retained income. The impact of adoption is not expected to be material to the Company’s results of operations or financial position.
Changes to the Disclosure Requirements for Defined Benefit Plans
In August 2018, the FASB issued amendments to modify certain disclosure requirements for defined benefit plans. Disclosure additions relate to the weighted-average interest crediting rates for cash balance plans and other plans with interest crediting rates and explanations for significant gains and losses related to changes in the benefit obligation for the period. Disclosures to be removed include those that identify amounts that are expected to be reclassified out of AOCI and into the income statement in the coming year and the anticipated impact of a one-percentage point change in assumed health care cost trend rate on service and interest cost and on the accumulated benefit obligation. The amendments are effective for annual reporting periods beginning after December 15, 2020. The impacts of adoption are to the Company’s disclosures only.
Accounting for Long-Duration Insurance Contracts
In August 2018, the FASB issued guidance revising the accounting for certain long-duration insurance contracts. The new guidance changes the measurement of the Company’s reserves for traditional life, life-contingent immediate annuities and certain voluntary accident and health insurance products.
Under the new guidance, measurement assumptions, including those for mortality, morbidity and policy terminations, will be required to be reviewed and updated at least annually. The effect of updating measurement assumptions other than the discount rate are required to be measured on a retrospective basis and reported in net income. In addition, cash flows under the new guidance are required to be discounted using an upper-medium grade fixed income instrument yield required to be updated through OCI at each reporting date. These changes will replace current GAAP, which utilizes assumptions set at policy issuance until such time as the

First Quarter 2019 Form 10-Q 7

Notes to Condensed Consolidated Financial Statements


assumptions result in reserves that are deficient when compared to reserves computed using current assumptions. Under current GAAP, premium deficiency reserves are recognized when a reserve deficiency is computed using current assumptions.
The new guidance requires deferred policy acquisition costs (“DAC”) and other capitalized balances currently amortized in proportion to premiums or gross profits to be amortized on a constant level basis over the expected term for all long-duration insurance contracts. DAC will not be subject to loss recognition testing but will be reduced when actual experience exceeds expected experience. The new guidance will no longer require adjustments to DAC and deferred sales inducement costs (“DSI”) related to unrealized gains and losses on investment securities supporting the related business.
Market risk benefit product features are required to be measured at fair value with changes in fair value recorded in net income with the exception of changes in the fair value attributable to changes in the reporting entity’s own credit risk, which are required to be recognized in OCI. Substantially all of the Company’s market risk benefits are reinsured and therefore these impacts are not expected to be material to the Company.
The new guidance is to be included in the comparable financial statements issued in reporting periods beginning after December 15, 2020, thereby requiring restatement of prior periods presented. Early adoption is permitted. The new guidance will be applied to affected contracts and DAC on the basis of existing carrying amounts at the earliest period presented or retrospectively using actual historical experience as of contract inception. The new guidance for market risk benefits is required to be adopted retrospectively.
The Company is evaluating the anticipated impacts of applying the new guidance to both retained income and AOCI. While the requirements of the new guidance represent a material change from existing GAAP, the underlying economics of the business and related cash flows are unchanged. The Company has not completed its evaluation of the specific impacts of adopting the new guidance, but anticipates the financial statement impact of migrating from existing GAAP to that required by the new guidance to be material, largely attributed to the impact of transitioning from an original investment-based discount rate to one based on an upper-medium grade fixed income investment yield and updates to mortality assumptions previously locked in at issuance and subject to premium deficiency testing. The Company expects the most significant impacts will occur in the run-off annuity segment. The revised accounting for DAC will be applied prospectively using the new model and any DAC effects existing in AOCI as a result of applying existing GAAP at the date of adoption will be reversed.
 
Codification Improvements related to Credit Losses, Derivatives and Hedging, and Financial Instruments
In April 2019, the FASB issued Codification Improvements related to Credit Losses, Derivatives and Hedging, and Financial Instruments. The guidance for Credit Losses and Financial Instruments is effective for reporting periods beginning after December 15, 2019. The guidance for Derivatives and Hedging is effective January 1, 2020. The Company is in the process of evaluating the impact of adoption, which is not expected to be material to the Company’s results of operations or financial position.
Change in accounting principle
The Company changed its accounting principle for recognizing actuarial gains and losses and expected return on plan assets for its pension and other postretirement plans to a more preferable policy under U.S. GAAP. Under the new principle, remeasurement of projected benefit obligation and plan assets are immediately recognized in earnings and are referred to as pension and other postretirement remeasurement gains and losses on the Condensed Consolidated Statements of Operations. Previously, actuarial gains and losses and differences between the expected and actual returns on plan assets were recognized as a component of AOCI, and were subject to amortization into earnings in future periods. This change has been applied on a retrospective basis. The Company’s policy is to remeasure its pension and postretirement plans on a quarterly basis.
Differences between expected and actual returns and changes in assumptions affect our pension and other postretirement obligations, plan assets and expenses. The primary factors contributing to pension and other postretirement remeasurement gains and losses are 1) changes in the discount rate used to value pension and postretirement obligations as of the measurement date, 2) differences between the expected and the actual return on plan assets, 3) changes in demographic assumptions, including mortality, and 4) participant experience different from demographic assumptions.
The Company also changed its policy for recognizing expected returns on plan assets by eliminating the permitted accounting practice allowing the five-year smoothing of equity returns and moving to an unadjusted fair value method.
The Company believes that immediately recognizing remeasurement of projected benefit obligation and plan assets in earnings is preferable as it provides greater transparency of the Company’s economic obligations in accounting results and better aligns with fair value accounting principles by recognizing the effects of economic and interest rate changes on pension and other postretirement plan assets and liabilities in the year in which the gains and losses are incurred. These changes have been applied on a retrospective basis and as of January 1, 2018 resulted in a cumulative effect decrease to retained income of $1.58 billion, with a corresponding offset to AOCI and had no impact on total shareholders’ equity.

8 allstatelogohandsa28.jpg www.allstate.com

Notes to Condensed Consolidated Financial Statements


Pension and other postretirement service cost, interest cost, expected return on plan assets and amortization of prior service credits are allocated to the Company’s reportable segments. The pension and other postretirement remeasurement gains and losses are now reported in the Corporate and Other segment.
 
The impacts of the adjustments on the financial statements are summarized in the following tables.
Condensed Consolidated Statements of Operations (unaudited)
 
 
Previous accounting principle
 
Impact of change
 
As reported
($ in millions, except per share data)
 
Three months ended March 31, 2019
Property and casualty insurance claims and claims expense
 
$
5,829

 
$
(9
)
 
$
5,820