Allstate CEO Expands on Remarks on CNBC Interview

              Allstate CEO Expands on Remarks on CNBC Interview

PR Newswire

NORTHBROOK, Ill., Oct. 31, 2012

NORTHBROOK, Ill., Oct. 31, 2012 /PRNewswire/ -- Allstate Chairman, President
and Chief Executive Officer Thomas J. Wilson expanded on remarks he made this
afternoon during an appearance on CNBC.

"It's too early to estimate the impact of Hurricane Sandy on Allstate's fourth
quarter earnings," he said. "However, this catastrophe is not expected to have
a material impact on Allstate's overall financial condition. Allstate is amply
well-capitalized to meet its obligations to policyholders."

The Allstate Corporation (NYSE: ALL) is the nation's largest publicly held
personal lines insurer, serving approximately 16 million households through
its Allstate, Encompass, Esurance and Answer Financial brand names and
Allstate Financial business segment. Allstate branded insurance products
(auto, home, life and retirement) and services are offered through Allstate
agencies, independent agencies, and Allstate exclusive financial
representatives, as well as via www.allstate.com and 1-800 Allstate^®, and are
widely known through the slogan "You're In Good Hands With Allstate^®."

Forward-Looking Statements and Risk Factors
This news release contains forward-looking statements about the effect of
claims resulting from Hurricane Sandy on our results of operations for the
fourth quarter of 2012 and on our financial position. These statements are
subject to the Private Securities Litigation Reform Act of 1995 and are based
on management's estimates, assumptions and projections. Actual results may
differ materially from those projected based on the following risk factors:

  oOur policyholders' ability to report and our ability to adjust claims have
    been and will be impeded by the extent of the devastation caused by the
    storm and the number of areas affected.
  oIt is particularly difficult to assess the extent of damage in the initial
    stages of adjusting residential property losses.
  oOur estimate for the ultimate costs of repairs may not prove to be correct
    because of increased demand for services and supplies in the areas
    affected by the storm.

We undertake no obligation to publicly correct or update any forward-looking
statements.

SOURCE The Allstate Corporation

Website: http://www.allstate.com
Contact: Maryellen Thielen, +1-847-402-5600
 
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