Allstate 2015 Annual Report Download - page 89

The Allstate Corporation 2015 Annual Report 83
2015 Annual Report
Table of Contents
Page
Performance Graph ................................................................................... 84
Definition of Additional Non-GAAP Measure used in the Chairman and CEO Letter ....................... 84
Risk Factors .......................................................................................... 85
5-Year Summary of Selected Financial Data............................................................. 96
Management’s Discussion and Analysis of Financial Condition and Results of Operations
Overview........................................................................................... 97
2015 Highlights ..................................................................................... 98
Consolidated Net Income ............................................................................ 98
Impact of Low Interest Rate Environment.............................................................. 99
Property-Liability 2015 Highlights .................................................................... 100
Property-Liability Operations......................................................................... 100
Allstate Protection Segment ......................................................................... 102
Discontinued Lines and Coverages Segment........................................................... 117
Property-Liability Investment Results ................................................................. 117
Property-Liability Claims and Claims Expense Reserves................................................. 118
Allstate Financial 2015 Highlights .................................................................... 127
Allstate Financial Segment........................................................................... 128
Investments 2015 Highlights ......................................................................... 137
Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 137
Market Risk ........................................................................................ 149
Pension and Other Postretirement Plans .............................................................. 153
Goodwill ........................................................................................... 155
Capital Resources and Liquidity 2015 Highlights ....................................................... 156
Capital Resources and Liquidity ...................................................................... 157
Enterprise Risk and Return Management .............................................................. 163
Application of Critical Accounting Estimates .......................................................... 164
Regulation and Legal Proceedings .................................................................... 176
Pending Accounting Standards ....................................................................... 176
Financial Statements and Supplementary Data
Consolidated Statements of Operations............................................................... 177
Consolidated Statements of Comprehensive Income ................................................... 178
Consolidated Statements of Financial Position . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 179
Consolidated Statements of Shareholders’ Equity ...................................................... 180
Consolidated Statements of Cash Flows............................................................... 181
Notes to Consolidated Financial Statements (Notes) ................................................... 182
Report of Independent Registered Public Accounting Firm ............................................... 260