Allstate 2013 Annual Report Download - page 206

THE ALLSTATE CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
Year Ended December 31,
($ in millions, except per share data)
2012 2011 2010
Common stock $9$9$9
Additional capital paid-in
Balance, beginning of year 3,189 3,176 3,172
Equity incentive plans activity (27) 13 4
Balance, end of year 3,162 3,189 3,176
Retained income
Balance, beginning of year 31,909 31,558 31,098
Net income 2,306 787 911
Dividends ($0.88, $0.84 and $0.80 per share) (432) (436) (433)
Cumulative effect of change in accounting principle — — (18)
Balance, end of year 33,783 31,909 31,558
Deferred ESOP expense
Balance, beginning of year (43) (44) (47)
Payments 213
Balance, end of year (41) (43) (44)
Treasury stock
Balance, beginning of year (16,795) (15,910) (15,828)
Shares acquired (910) (950) (166)
Shares reissued under equity incentive plans, net 197 65 84
Balance, end of year (17,508) (16,795) (15,910)
Accumulated other comprehensive income
Balance, beginning of year 29 (172) (2,220)
Change in unrealized net capital gains and losses 1,434 452 1,911
Change in unrealized foreign currency translation adjustments 14 (12) 23
Change in unrecognized pension and other postretirement benefit cost (302) (239) 94
Cumulative effect of change in accounting principle — — 20
Balance, end of year 1,175 29 (172)
Total shareholders’ equity 20,580 18,298 18,617
Noncontrolling interest
Balance, beginning of year 28 28 29
Change in noncontrolling interest ownership (28) (4) (14)
Noncontrolling gain — 4 3
Cumulative effect of change in accounting principle — — 10
Balance, end of year — 28 28
Total equity $ 20,580 $ 18,326 $ 18,645
See notes to consolidated financial statements.
90