This excerpt taken from the ALL 8-K filed Jan 31, 2007.
Excellent Capital Management
Allstate remains disciplined stewards of our shareholders capital. We repurchased $501 million of common stock in the quarter completing our prior $4 billion share repurchase program and started on the recently approved $3 billion share repurchase authorization. Shareholders received $220 million in dividends this quarter. We also continue to make progress reducing our exposure to mega-catastrophes and recently completed major 2007 reinsurance agreements at an acceptable cost.