Allstate 2012 Annual Report Download - page 97

5-YEAR SUMMARY OF SELECTED FINANCIAL DATA
($ in millions, except per share data and ratios) 2011 2010 2009 2008 2007
Consolidated Operating Results
Insurance premiums and contract charges $ 28,180 $ 28,125 $ 28,152 $ 28,862 $ 29,099
Net investment income 3,971 4,102 4,444 5,622 6,435
Realized capital gains and losses 503 (827) (583) (5,090) 1,235
Total revenues 32,654 31,400 32,013 29,394 36,769
Net income (loss) 788 928 854 (1,679) 4,636
Net income (loss) per share:
Net income (loss) per share – basic 1.51 1.72 1.58 (3.06) 7.80
Net income (loss) per share – diluted 1.51 1.71 1.58 (3.06) 7.76
Cash dividends declared per share 0.84 0.80 0.80 1.64 1.52
Consolidated Financial Position
Investments $ 95,618 $ 100,483 $ 99,833 $ 95,998 $ 118,980
Total assets 125,563 130,874 132,652 134,798 156,408
Reserves for claims and claims expense,
life-contingent contract benefits and
contractholder funds 77,156 81,145 84,659 90,750 94,052
Long-term debt 5,908 5,908 5,910 5,659 5,640
Shareholders’ equity 18,674 19,016 16,692 12,641 21,851
Shareholders’ equity per diluted share 36.92 35.32 30.84 23.47 38.54
Equity 18,702 19,044 16,721 12,673 21,902
Property-Liability Operations
Premiums earned $ 25,942 $ 25,957 $ 26,194 $ 26,967 $ 27,233
Net investment income 1,201 1,189 1,328 1,674 1,972
Net income 408 1,054 1,543 228 4,258
Operating ratios (1)
Claims and claims expense (‘‘loss’’) ratio 77.7 73.0 71.6 74.4 64.9
Expense ratio 25.7 25.1 24.6 25.0 24.9
Combined ratio 103.4 98.1 96.2 99.4 89.8
Allstate Financial Operations
Premiums and contract charges $ 2,238 $ 2,168 $ 1,958 $ 1,895 $ 1,866
Net investment income 2,716 2,853 3,064 3,811 4,297
Net income (loss) 586 58 (483) (1,721) 465
Investments 57,373 61,582 62,216 61,449 74,256
(1) We use operating ratios to measure the profitability of our Property-Liability results. We believe that they enhance an investor’s understanding of
our profitability. They are calculated as follows: Claims and claims expense (‘‘loss’’) ratio is the ratio of claims and claims expense to premiums
earned. Loss ratios include the impact of catastrophe losses. Expense ratio is the ratio of amortization of deferred policy acquisition costs, operating
costs and expenses and restructuring and related charges to premiums earned. Combined ratio is the ratio of claims and claims expense,
amortization of deferred policy acquisition costs, operating costs and expenses and restructuring and related charges to premiums earned. The
combined ratio is the sum of the loss ratio and the expense ratio. The difference between 100% and the combined ratio represents underwriting
income (loss) as a percentage of premiums earned, or underwriting margin.
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