This excerpt taken from the ALL 10-K filed Feb 25, 2010.
ALLSTATE FINANCIAL 2009 HIGHLIGHTS
Net loss was $483 million in 2009 compared to $1.72 billion in 2008.
Net realized capital losses totaled $431 million
in 2009 compared to $3.13 billion in 2008.
During 2009 and 2008, we recorded $315 million and $397 million, respectively, in accelerated DAC and
deferred sales inducement costs ("DSI") amortization related to fixed annuities and interest-sensitive life insurance due to changes in assumptions (which resulted in changes to total EGP). Additional
amortization of DAC totaling $336 million was recorded in 2008 in connection with a premium deficiency assessment for traditional life insurance and immediate annuities with life contingencies
primarily due to revised annuity mortality assumptions. There was no similar charge in 2009.
Investments as of December 31, 2009 totaled $62.22 billion, reflecting an increase
in carrying value of
$717 million from $61.50 billion as of December 31, 2008. Net investment income decreased 19.6% to $3.06 billion in 2009 from $3.81 billion in 2008.
Contractholder fund deposits of $4.58 billion for 2009 relate solely to individual products compared to deposits on
individual and institutional products of $6.24 billion and $4.16 billion, respectively, for 2008.
Maturities and retirements of institutional products totaled
$4.77 billion and $8.60 billion in 2009 and
Restructuring charges of $25 million in 2009 were recorded in connection with our initiative to lower operating
expenses, with targeted annual savings of $90 million relative to 2008 levels beginning in 2011.
Bet you've never seen portfolio analytics like these.