ALL » Topics » Compensation Philosophy

This excerpt taken from the ALL DEF 14A filed Apr 2, 2008.

Compensation Philosophy

        Our compensation philosophy is based on these central beliefs:

    Executive compensation should be aligned with performance and stockholder value. A significant amount of executive compensation should be in the form of equity.

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    The compensation of our executives should vary both with appreciation in the price of Allstate stock and with Allstate's performance in achieving strategic short and long-term business goals designed to drive stock price appreciation.

    Our compensation program should inspire our executives to strive for performance that is better than the industry average.

    A greater percentage of compensation should be at risk for executives who bear higher levels of responsibility for Allstate's performance.

    We should provide competitive levels of compensation for competitive levels of performance and superior levels of compensation for superior levels of performance.

        Our executive compensation program has been designed around these beliefs. They serve our goal of attracting, motivating, and retaining highly talented executives to compete in our complex and highly regulated industry.

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