ALL » Topics » Premiums and deposits

These excerpts taken from the ALL 8-K filed Feb 10, 2010.
Premiums and deposits is an operating measure that we use to analyze production trends for Allstate Financial sales.  It includes premiums on insurance policies and annuities and all deposits and other funds received from customers on deposit-type products including the net new deposits of Allstate Bank, which we account for under GAAP as increases to liabilities rather than as revenue.

 

Premiums and deposits is an operating measure that we use to analyze production trends for Allstate Financial sales.  It includes premiums on insurance policies and annuities and all deposits and other funds received from customers on deposit-type products including the net new deposits of Allstate Bank, which we account for under GAAP as increases to liabilities rather than as revenue.  An illustration of where premiums and deposits are reflected in the consolidated financial statements is included in the schedule, “Allstate Financial Results”.

 

This excerpt taken from the ALL 8-K filed Nov 4, 2009.
Premiums and deposits is an operating measure that we use to analyze production trends for Allstate Financial sales.  It includes premiums on insurance policies and annuities and all deposits and other funds received from customers on deposit-type products including the net new deposits of Allstate Bank, which we account for under GAAP as increases to liabilities rather than as revenue.

 

This excerpt taken from the ALL 8-K filed Aug 5, 2009.
Premiums and deposits is an operating measure that we use to analyze production trends for Allstate Financial sales.  It includes premiums on insurance policies and annuities and all deposits and other funds received from customers on deposit-type products including the net new deposits of Allstate Bank, which we account for under GAAP as increases to liabilities rather than as revenue.

 

This excerpt taken from the ALL 8-K filed May 7, 2009.
Premiums and deposits is an operating measure that we use to analyze production trends for Allstate Financial sales.  It includes premiums on insurance policies and annuities and all deposits and other funds received from customers on deposit-type products including the net new deposits of Allstate Bank, which we account for under GAAP as increases to liabilities rather than as revenue.

 

This excerpt taken from the ALL 8-K filed Apr 23, 2008.
Premiums and deposits is an operating measure that we use to analyze production trends for Allstate Financial sales.  It includes premiums on insurance policies and annuities and all deposits and other funds received from customers on deposit-type products including the net new deposits of Allstate Bank, which we account for under GAAP as increases to liabilities rather than as revenue.

 

34



 

The following table illustrates where premiums and deposits are reflected in the consolidated financial statements.

 

 

 

Three Months Ended
March 31,

 

($ in millions)

 

Est.
2008

 

2007

 

Total premiums and deposits

 

$

3,046

 

$

2,628

 

Deposits to contractholder funds

 

(2,824

)

(2,363

)

Deposits to separate accounts

 

(33

)

(33

)

Change in unearned premiums and other adjustments

 

9

 

10

 

Life and annuity premiums (1)

 

$

198

 

$

242

 

 


(1)          Life and annuity contract charges in the amount of est. $254 million and $241 million for the three months ended March 31, 2008 and 2007, respectively, which are also revenues recognized for GAAP, have been excluded from the table above, but are a component of the Consolidated Statements of Operations line item life and annuity premiums and contract charges.

 

This excerpt taken from the ALL 8-K filed Apr 18, 2007.
Premiums and deposits1 is an operating measure that we use to analyze production trends for Allstate Financial sales.  It includes premiums on insurance policies and annuities and all deposits and other funds received from customers on deposit-type products including the net new deposits of Allstate Bank, which we account for under GAAP as increases to liabilities rather than as revenue.

 

23




The following table illustrates where premiums and deposits are reflected in the consolidated financial statements.

 

Three Months Ended
March 31,

 

($ in millions)

 

Est.
2007

 

2006

 

Premiums and deposits excluding variable annuities

 

$

2,628

 

$

2,241

 

Variable annuity deposits 8

 

 

435

 

Total premiums and deposits

 

2,628

 

2,676

 

Deposits to contractholder funds

 

(2,363

)

(2,084

)

Deposits to separate accounts

 

(33

)

(405

)

Change in unearned premiums and other adjustments

 

10

 

8

 

Life and annuity premiums 7

 

$

242

 

$

195

 

 

7    Life and annuity contract charges in the amount of est. $241 million and $300 million for the three months ended March 31, 2007 and 2006, respectively, which are also revenues recognized for GAAP, have been excluded from the table above, but are a component of the Consolidated Statements of Operations line item life and annuity premiums and contract charges.

8    Disposed through reinsurance effective June 1, 2006.

This excerpt taken from the ALL 8-K filed Apr 18, 2006.
Premiums and deposits is an operating measure that we use to analyze production trends for Allstate Financial sales.  It includes premiums on insurance policies and annuities and all deposits and other funds received from customers on deposit-type products including the net new deposits of Allstate Bank, which we account for under GAAP as increases to liabilities rather than as revenue.

 

24



 

The following table illustrates where premiums and deposits are reflected in the consolidated financial statements.

 

 

 

Three Months Ended
March 31,

 

($ in millions)

 

Est.
2006

 

2005

 

Total premiums and deposits

 

$

2,676

 

$

3,979

 

Deposits to contractholder funds

 

(2,084

)

(3,393

)

Deposits to separate accounts

 

(405

)

(343

)

Change in unearned premiums and other adjustments

 

8

 

6

 

Life and annuity premiums (4)

 

$

195

 

$

249

 

 


(4)          Life and annuity contract charges in the amount of est. $300 million and $272 million for the three months ended March 31, 2006 and 2005, respectively, which are also revenues recognized for GAAP, have been excluded from the table above, but are a component of the Consolidated Statements of Operations line item life and annuity premiums and contract charges.

 

This excerpt taken from the ALL 8-K filed Apr 20, 2005.
Premiums and deposits is an operating measure that we use to analyze production trends for Allstate Financial sales.  It includes premiums on insurance policies and annuities and all deposits and other funds received from customers on deposit-type products including the net new deposits of Allstate Bank, which we account for under GAAP as increases to liabilities rather than as revenue.

 

The following table illustrates where premiums and deposits are reflected in the consolidated financial statements.

 

 

 

Three Months Ended
March 31,

 

($ in millions)

 

Est. 2005

 

2004

 

Life and annuity premiums(1)

 

$

249

 

$

246

 

Deposits to contractholder funds

 

3,393

 

2,856

 

Deposits to separate accounts

 

343

 

367

 

Change in unearned premiums and other adjustments

 

(6

)

(14

)

Total Premiums and deposits

 

$

3,979

 

$

3,455

 

 


(1)          Life and annuity contract charges in the amount of est. $272 million and $250 million for the three months ended March 31, 2005 and 2004, respectively, which are also revenues recognized for GAAP, have been excluded from the table above, but are a component of the Consolidated Statements of Operations line item life and annuity premiums and contract charges.

 

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