Analysis: Deferred Assets and Liabilities, Net

Entity Registrant Name Allstate Corp
CIK 0000899051
Accession number 0001047469-14-001083
Link to XBRL instance http://www.sec.gov/Archives/edgar/data/899051/000104746914001083/all-20131231.xml
Fiscal year end --12-31
Fiscal year focus 2013
Fiscal period focus FY
Current balance sheet date 2013-12-31
Current year-to-date income statement start date 2013-01-01
Commentary Created subtotal because they report held for sale related deferred taxes, all:DeferredTaxAssetsLiabilitiesNetBeforeClassificationAsHeldForSale. For some reason there is no valuation allowance.
Level 3 Text Block concept us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
($ in millions)
   2013   2012  

Deferred assets

              

Unearned premium reserves

   $ 722   $ 666  

Discount on loss reserves

     238     280  

Accrued compensation

     226     212  

Difference in tax bases of invested assets

     223     353  

Sale of subsidiary

     196     27  

Other postretirement benefits

     105     218  

Pension

     —     278  

Alternative minimum tax credit carryforward

     —     165  

Other assets

     96     92  
           
​ ​ ​ ​ ​ ​ ​ ​

Total deferred assets

     1,806     2,291  

Deferred liabilities

              

DAC

     (1,077 )   (917 )

Unrealized net capital gains

     (849 )   (1,527 )

Life and annuity reserves

     (206 )   (130 )

Pension

     (136 )   —  

Other liabilities

     (324 )   (314 )
           
​ ​ ​ ​ ​ ​ ​ ​

Total deferred liabilities

     (2,592 )   (2,888 )

Net deferred liability before classification as held for sale

     (786 )   (597 )

Deferred taxes classified as held for sale

     (151 )   —  
           
​ ​ ​ ​ ​ ​ ​ ​

Net deferred liability

   $ (635 ) $ (597 )
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
           

Level 4 Details Key Concepts: Deferred tax assets (liabilities)

Description Fact value US GAAP XBRL Concept
Deferred tax assets, gross 1,806,000,000 us-gaap:DeferredTaxAssetsGross
Valuation allowance 0
Deferred tax assets, net 0
Deferred tax liabilities -2,592,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net -635,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 1,957,000,000

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(Classified balance sheet) Deferred tax assets (liabilities), net components current/noncurrent asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets, net, current 0
Deferred tax assets, net, noncurrent 0
Deferred tax liabilities, net, current 0
Deferred tax liabilities, net, noncurrent 0 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net -635,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK -635,000,000

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(Unclassified balance sheet) Deferred tax assets (liabilities), net components asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets 0
Deferred tax liabilities, net -2,592,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net -635,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 1,957,000,000

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