Allstate 2008 Annual Report Download - page 120

5-YEAR SUMMARY OF SELECTED FINANCIAL DATA
2008 2007 2006 2005 2004
($ in millions, except per share data and ratios)
Consolidated Operating Results
Insurance premiums and contract charges $ 28,862 $ 29,099 $ 29,333 $ 29,088 $ 28,061
Net investment income 5,622 6,435 6,177 5,746 5,284
Realized capital gains and losses (5,090) 1,235 286 549 591
Total revenues 29,394 36,769 35,796 35,383 33,936
(Loss) income from continuing operations (1,679) 4,636 4,993 1,765 3,356
Cumulative effect of change in accounting principle, after-tax — — — — (175)
Net (loss) income (1,679) 4,636 4,993 1,765 3,181
Net (loss) income per share:
Diluted:
(Loss) income before cumulative effect of change in accounting
principle, after-tax (3.07) 7.77 7.84 2.64 4.79
Cumulative effect of change in accounting principle, after-tax — — — — (0.25)
Net (loss) income (3.07) 7.77 7.84 2.64 4.54
Basic:
(Loss) income before cumulative effect of change
in accounting principle, after-tax (3.07) 7.83 7.89 2.67 4.82
Cumulative effect of change in accounting principle, after-tax — — — — (0.25)
Net (loss) income (3.07) 7.83 7.89 2.67 4.57
Cash dividends declared per share 1.64 1.52 1.40 1.28 1.12
Consolidated Financial Position
Investments $ 95,998 $118,980 $119,757 $118,297 $115,530
Total assets 134,798 156,408 157,554 156,072 149,725
Reserves for claims and claims expense, life-contingent contract benefits
and contractholder funds 90,750 94,052 93,683 94,639 86,801
Short-term debt — — 12 413 43
Long-term debt 5,659 5,640 4,650 4,887 5,291
Shareholders’ equity 12,641 21,851 21,846 20,186 21,823
Shareholders’ equity per diluted share 23.51 38.58 34.84 31.01 31.72
Property-Liability Operations
Premiums earned $ 26,967 $ 27,233 $ 27,369 $ 27,039 $ 25,989
Net investment income 1,674 1,972 1,854 1,791 1,773
Net income 228 4,258 4,614 1,431 3,045
Operating ratios(1)
Claims and claims expense (‘‘loss’’) ratio 74.4 64.9 58.5 78.3 68.7
Expense ratio 25.0 24.9 25.1 24.1 24.3
Combined ratio 99.4 89.8 83.6 102.4 93.0
Allstate Financial Operations
Premiums and contract charges $ 1,895 $ 1,866 $ 1,964 $ 2,049 $ 2,072
Net investment income 3,811 4,297 4,173 3,830 3,410
(Loss) income before cumulative effect of change in accounting principle,
after-tax (1,721) 465 464 416 421
Cumulative effect of change in accounting principle, after-tax — — — — (175)
Net (loss) income (1,721) 465 464 416 246
Investments 61,499 74,256 75,951 75,233 72,530
(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
DAC, operating costs and expenses and restructuring and related charges to premiums earned. Combined ratio is the ratio of claims and
claims expense, amortization of DAC, 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.
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5-Year Summary