Allstate Provides Update on Pending October Catastrophe Loss Estimate

    Allstate Provides Update on Pending October Catastrophe Loss Estimate

PR Newswire

NORTHBROOK, Ill., Nov. 15, 2012

NORTHBROOK, Ill., Nov. 15, 2012 /PRNewswire/ -- The Allstate Corporation
(NYSE: ALL) today announced that estimated catastrophe losses for the month of
October 2012 will exceed $150 million, but an estimate cannot be made at this
time.The company's practice is to releasean estimate of monthly catastrophe
losses on the third Thursday following month-end when the amount exceeds $150
million. Allstate will issue a catastrophe loss estimate for October when
losses from Sandy can be estimated.

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 catastrophe
losses. These statements are based on our estimates and assumptions that are
subject to uncertainty. These statements are made subject to the safe-harbor
provisions of the Private Securities Litigation Reform Act of 1995. Actual
results may differ materially from those projected in the forward-looking
statements in this news release for a variety of reasons, including the
following:

  oOur policyholders' ability to report and our ability to adjust claims have
    been impeded by the extent of the devastation and the number of areas
    affected; restrictions on access to the affected areas; gasoline
    shortages; and large areas of electricity outages.
  oIt is particularly difficult to assess the extent of damage in the initial
    stages of adjusting residential property losses.
  oOur estimate for costs of repairs may prove to be incorrect because of
    increased demand for services and supplies in the areas affected by the
    catastrophes.
  oThe number of incurred but not reported (IBNR) claims may be greater or
    less than currently anticipated.

We assume no obligation to update any forward-looking statements as a result
of new information or future events or developments.

SOURCE The Allstate Corporation

Website: http://www.allstate.com
Contact: Maryellen Thielen, Media Relations, +1-847-402-5600; Robert Block,
Investor Relations, +1-847-402-2800