Allstate 2014 Annual Report Download - page 195

THE ALLSTATE CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
Year Ended December 31,
($ in millions)
2014 2013 2012
Preferred stock par value
Balance, beginning of year $ — $ — $ —
Preferred stock issuance — — —
Balance, end of year — — —
Preferred stock additional capital paid-in
Balance, beginning of year 780 — —
Preferred stock issuance 966 780 —
Balance, end of year 1,746 780 —
Common stock 999
Additional capital paid-in
Balance, beginning of year 3,143 3,162 3,189
Equity incentive plans activity 56 (19) (27)
Balance, end of year 3,199 3,143 3,162
Retained income
Balance, beginning of year 35,580 33,783 31,909
Net income 2,850 2,280 2,306
Dividends on common stock (484) (466) (432)
Dividends on preferred stock (104) (17) —
Balance, end of year 37,842 35,580 33,783
Deferred ESOP expense
Balance, beginning of year (31) (41) (43)
Payments 8 10 2
Balance, end of year (23) (31) (41)
Treasury stock
Balance, beginning of year (19,047) (17,508) (16,795)
Shares acquired (2,306) (1,845) (910)
Shares reissued under equity incentive plans, net 323 306 197
Balance, end of year (21,030) (19,047) (17,508)
Accumulated other comprehensive income
Balance, beginning of year 1,046 1,175 29
Change in unrealized net capital gains and losses 280 (1,188) 1,434
Change in unrealized foreign currency translation adjustments (40) (32) 14
Change in unrecognized pension and other postretirement benefit cost (725) 1,091 (302)
Balance, end of year 561 1,046 1,175
Total shareholders’ equity 22,304 21,480 20,580
Noncontrolling interest
Balance, beginning of year — — 28
Change in noncontrolling interest ownership — — (28)
Balance, end of year — — —
Total equity $ 22,304 $ 21,480 $ 20,580
See notes to consolidated financial statements.
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