NORTHBROOK, Ill. for Allstate (ALL)

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ALL » Topics » NORTHBROOK, Ill.

This excerpt taken from the ALL 8-K filed May 20, 2009.

Northbrook, Ill., May 19, 2009 — The Allstate Corporation (NYSE: ALL) today announced a quarterly dividend of 20 cents on each outstanding share of the Corporation’s common stock, payable in cash on July 1, 2009 to stockholders of record at the close of business on May 29, 2009.

The company also announced that it completed its review of the U.S. Treasury’s Capital Purchase Program, a component of the Troubled Asset Relief Program (TARP). “We applaud the Administration’s decision to include insurers in the U.S. Treasury’s programs. Given Allstate’s strong capital and liquidity positions, however, we will not participate in this program,” said Chairman, President and CEO Thomas J. Wilson.

Allstate had $12.2 billion in GAAP equity and $23.1 billion in cash or highly liquid assets in its investment portfolio at the end of the first quarter of 2009. These positions reflect proactive capital management steps taken over the past year, including suspending its share repurchase program, augmenting investment risk mitigation programs and reducing operating costs. In addition, since the end of the quarter, the company completed a $1 billion debt offering and reported a more than $1.5 billion improvement in its securities portfolio value as of May 13. “Maintaining our financial strength is a top priority in 2009 and we will continue to take proactive steps to manage our capital position as markets develop and the economy improves,” Wilson concluded.

The Allstate Corporation (NYSE: ALL) is the nation’s largest publicly held personal lines insurer. Widely known through the “You’re In Good Hands With Allstate®” slogan, Allstate is reinventing protection and retirement to help individuals in approximately 17 million households protect what they have today and better prepare for tomorrow. Customers can access Allstate products and services such as auto insurance and homeowners insurance through approximately 14,700 exclusive Allstate agencies and financial representatives in the U.S. and Canada, or in select states at www.allstate.com and 1-800 Allstate®. Encompass® Insurance brand property and casualty products are sold exclusively through independent agents. The Allstate Financial Group provides life insurance, supplemental accident and health insurance, annuity, banking and retirement products designed for individual, institutional and worksite customers that are distributed through Allstate agencies, independent agencies, financial institutions and broker-dealers. Customers can also access information about Allstate Financial Group products and services at www.myallstatefinancial.com.

# # #

This excerpt taken from the ALL 8-K filed May 19, 2009.

The company also announced that it completed its review of the U.S. Treasury’s Capital Purchase Program, a component of the Troubled Asset Relief Program (TARP). “We applaud the Administration’s decision to include insurers in the U.S. Treasury’s programs. However, given improved financial market conditions and the success of Allstate’s efforts to maintain strong capital and liquidity positions, we have elected not to participate,” said Chairman, President and CEO Thomas J. Wilson.

Allstate had $12.2 billion in GAAP equity and $23.1 billion in cash or highly liquid assets in its investment portfolio at the end of the first quarter of 2009. These positions reflect proactive capital management steps taken over the past year, including suspending its share repurchase program, augmenting investment risk mitigation programs and reducing operating costs. In addition, since the end of the quarter, the company completed a $1 billion debt offering and reported a more than $1.5 billion improvement in its securities portfolio value as of May 13. “Maintaining our financial strength is one of our top priorities in 2009, and we will continue to take proactive steps to manage our capital position,” Wilson concluded.

# # #

This excerpt taken from the ALL 8-K filed May 15, 2009.

Northbrook, Ill., May 15, 2009 — The Allstate Corporation (NYSE: ALL) confirmed today the company received preliminary approval to participate in the U.S. Treasury Department’s Capital Purchase Program (CPP).

“Inclusion of insurance companies in the Capital Purchase Program is a positive and proactive step by the administration to stabilize the financial markets, and recognizes the integral role that insurance companies play in our economy,” said Allstate Chairman, President and CEO Thomas J. Wilson.

“As a result of our proactive approach to risk management, Allstate is well capitalized, highly liquid and has full access to the debt markets, as evidenced by the significant oversubscription to our $1 billion debt offering completed earlier this week. Allstate’s financial strength ratings were also reaffirmed by Moody’s, Standard and Poor’s and A.M. Best in conjunction with this transaction. In addition, an improving trend in the volatile financial markets has resulted in a more than $1.5 billion improvement in our high quality securities portfolio value from the end of the first quarter as of May 13,” Wilson continued. “Consequently, we remain confident in our current capital position. We will, however, undertake a prudent review of our participation in CPP in light of market conditions and our current capital position before responding to the Treasury’s preliminary approval,” Wilson concluded.

# # #

These excerpts taken from the ALL 10-K filed Feb 27, 2008.

Northbrook, Ill., February 26, 2008 — Completing a leadership transition begun in fall 2006, The Allstate Corporation (NYSE:ALL) today announced its chairman, Edward M. Liddy, will retire April 30, 2008 and will be succeeded at that time by Thomas J. Wilson. Wilson, 50, will continue to serve as the corporation’s president and chief executive officer, positions he has held since January 2007.

Liddy, 62, joined Allstate in 1994 and was the architect of the initial public offering and eventual spin-off of the company from Sears, Roebuck and Co. in 1995. He served as president and chief operating officer from 1994 to 1998, chairman and chief executive officer from 1999 to 2006 and chairman since January 2007.

“Ed Liddy made an indelible mark on Allstate,” said Wilson. “Under his leadership, Allstate helped millions of Americans better protect themselves from life’s uncertainties and prepare for a better retirement, and he did so while generating strong returns to Allstate’s shareholders. It’s been my pleasure to work with Ed and learn from him.”

The Allstate Corporation also announced that senior vice president and chief financial officer Dan Hale plans to retire on March 31. Hale, 63, has led Allstate’s finance function since early 2003 and has enjoyed a distinguished career in business spanning more than 40 years. Allstate has a search underway for Hale’s successor, which includes internal and external candidates. Samuel Pilch, 61, group vice president and controller, will serve as acting chief financial officer effective March 3, 2008. Pilch has served as Allstate’s controller for the past 12 years and was previously corporate treasurer at the Travelers Insurance Company.

“I am grateful to Dan for the significant contributions he has made to Allstate since his arrival five years ago,” said Wilson. “Dan strengthened our governance practices, drove the company’s commitment to disciplined capital management, and played a key role in our success as a member of the senior management team. He leaves Allstate a stronger enterprise, and we wish him well in his retirement.”

Commenting on his retirement, Hale said: “Having the opportunity to finish my career at Allstate, an outstanding company with a superior leadership team, has been a privilege and a uniquely rewarding experience. It has been very gratifying to have played a role in

the financial affairs of a company with such a track record of success, and one that is so extraordinarily well positioned for the future.”

Also retiring is Joan Crockett, senior vice president, human resources. Crockett, 57, led Allstate’s HR function for the past 14 years, capping 35 years of service at the company. Crockett drove a strategic transformation of Allstate’s human resources department that included introduction of a shared services model and creation of a centralized HR service center. During her tenure, Allstate has been recognized for its employment practices by Working Mother, Diversity Inc., Fortune and other publications. Crockett’s retirement will be effective on March 31, 2008.

“Joan’s leadership has helped Allstate attract and retain a highly talented and motivated leadership team, enabling us to outperform our competitors,” Wilson said of Crockett. “Her considerable contribution to the company is reflected in the quality of our 38,000 employees, a legacy that will continue to help Allstate succeed in the years to come.”

Replacing Crockett will be James DeVries, who is joining Allstate from Principal Financial Group where he served as senior vice president of human resources. DeVries earned degrees from Loyola University and Northwestern University’s Kellogg School of Management and previously held senior human resources positions at Ameritech and The Quaker Oats Company. He will join Allstate on March 24, 2008. “I am pleased to welcome Jim to Allstate and am confident he will be a valuable addition to our senior leadership team,” Wilson said.

“Our people are the key to our success,” Wilson concluded. “As much as any other factor, it is the strength of this leadership team and the talent of our employees that will enable us to achieve our goal of reinventing protection and retirement for the consumer.”

The Allstate Corporation (NYSE: ALL) is the nation’s largest publicly held personal lines insurer. Widely known through the “You’re In Good Hands With Allstate^®” slogan, Allstate helps individuals in approximately 17 million households protect what they have today and better prepare for tomorrow through approximately 14,900 exclusive agencies and financial representatives in the U.S. and Canada. Customers can access Allstate products and services such as auto insurance and homeowners insurance through Allstate agencies, or in select states at allstate.com and 1-800 Allstate^®. Encompass^® and Deerbrook^® Insurance brand property and casualty products are sold exclusively through independent agents. The Allstate Financial Group provides life insurance, supplemental accident and health insurance, annuity, banking and retirement products designed for individual, institutional and worksite customers that are distributed through Allstate agencies, independent agencies, financial institutions and broker-dealers.

# # #

Northbrook,
Ill., February 26, 2008 — Completing a leadership transition begun in
fall 2006, The Allstate Corporation (NYSE:ALL) today announced its chairman,
Edward M. Liddy, will retire April 30, 2008 and will be succeeded at that
time by Thomas J. Wilson. Wilson, 50,
will continue to serve as the corporation’s president and chief executive
officer, positions he has held since January 2007.

Liddy, 62, joined
Allstate in 1994 and was the architect of the initial public offering and
eventual spin-off of the company from Sears, Roebuck and Co. in 1995. He served as president and chief operating
officer from 1994 to 1998, chairman and chief executive officer from 1999 to
2006 and chairman since January 2007.

“Ed Liddy made an
indelible mark on Allstate,” said Wilson. “Under his leadership, Allstate
helped millions of Americans better protect themselves from life’s
uncertainties and prepare for a better retirement, and he did so while
generating strong returns to Allstate’s shareholders. It’s been my pleasure to work with Ed and
learn from him.”

The
Allstate Corporation also announced that senior vice president and chief
financial officer Dan Hale plans to retire on March 31. Hale, 63, has led Allstate’s finance function
since early 2003 and has enjoyed a distinguished career in business spanning
more than 40 years. Allstate has a
search underway for Hale’s successor, which includes internal and external
candidates. Samuel Pilch, 61, group vice
president and controller, will serve as acting chief financial officer effective
March 3, 2008. Pilch has served as
Allstate’s controller for the past 12 years and was previously corporate
treasurer at the Travelers Insurance Company.

“I am grateful to Dan for
the significant contributions he has made to Allstate since his arrival five
years ago,” said Wilson. “Dan strengthened our governance practices, drove the
company’s commitment to disciplined capital management, and played a key role
in our success as a member of the senior management team. He leaves Allstate a stronger enterprise, and
we wish him well in his retirement.”

Commenting on his
retirement, Hale said: “Having the opportunity to finish my career at Allstate,
an outstanding company with a superior leadership team, has been a privilege
and a uniquely rewarding experience. It
has been very gratifying to have played a role in

the financial affairs of
a company with such a track record of success, and one that is so
extraordinarily well positioned for the future.”

Also retiring is Joan
Crockett, senior vice president, human resources. Crockett, 57, led Allstate’s HR function for
the past 14 years, capping 35 years of service at the company. Crockett drove a
strategic transformation of Allstate’s human resources department that included
introduction of a shared services model and creation of a centralized HR
service center. During her tenure, Allstate has been recognized for its
employment practices by Working Mother, Diversity Inc., Fortune and
other publications. Crockett’s
retirement will be effective on March 31, 2008.

“Joan’s leadership has
helped Allstate attract and retain a highly talented and motivated leadership
team, enabling us to outperform our competitors,” Wilson said of Crockett. “Her
considerable contribution to the company is reflected in the quality of our
38,000 employees, a legacy that will continue to help Allstate succeed in the
years to come.”

Replacing Crockett will
be James DeVries, who is joining Allstate from Principal Financial Group where
he served as senior vice president of human resources. DeVries earned degrees
from Loyola University and Northwestern University’s Kellogg School of
Management and previously held senior human resources positions at Ameritech
and The Quaker Oats Company. He will
join Allstate on March 24, 2008. “I am pleased
to welcome Jim to Allstate and am confident he will be a valuable addition to
our senior leadership team,” Wilson said.

“Our
people are the key to our success,” Wilson concluded. “As much as any other
factor, it is the strength of this leadership team and the talent of our
employees that will enable us to achieve our goal of reinventing protection and
retirement for the consumer.”

The
Allstate Corporation (NYSE: ALL) is the nation’s largest publicly held personal
lines insurer. Widely known through the “You’re In Good Hands With Allstate^®”
slogan, Allstate helps individuals in approximately 17 million households
protect what they have today and better prepare for tomorrow through
approximately 14,900 exclusive agencies and financial representatives in the
U.S. and Canada. Customers can access Allstate products and services such as
auto insurance and homeowners insurance through Allstate agencies, or in select
states at allstate.com and 1-800 Allstate^®. Encompass^®
and Deerbrook^® Insurance brand property and casualty products are
sold exclusively through independent agents. The Allstate Financial Group
provides life insurance, supplemental accident and health insurance, annuity,
banking and retirement products designed for individual, institutional and
worksite customers that are distributed through Allstate agencies, independent
agencies, financial institutions and broker-dealers.

# # #

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end

This excerpt taken from the ALL 8-K filed Dec 18, 2007.

NORTHBROOK, Ill. (December 18, 2007) — The Allstate Corporation (NYSE: ALL) today reported that the company has received over 7,000 claims from the Southern California wildfires in October of this year, resulting in approximately $315 million to $335 million in wildfire-related catastrophe losses to be recorded in the fourth quarter 2007.

In addition to the California wildfires, a number of weather events in October and November have affected Allstate’s catastrophe losses to-date for the fourth quarter. Allstate declared 10 catastrophes during October and November, notably wind and hail in the Northwest and ice storms in the Midwest. Including California wildfire losses, total catastrophe losses in October and November were between $360 million to $400 million, or an estimated 7.9 points to 8.8 points on the combined ratio. These catastrophe losses are approximately $100 million above catastrophe losses for the full fourth quarter of 2006. December weather events, including ice and snow storms, are expected to further impact catastrophe losses and auto and homeowner frequency for the quarter.

Allstate expects its 2007 Property-Liability combined ratio for total year 2007, excluding the effect of catastrophes and prior year reserve re-estimates*, to be at the high end of the previously affirmed outlook of 84.0 to 86.0.

The corporation is finalizing its 2007 financial statements, including investment valuations and reserve estimates for current year reserves, prior year reserves and reserves for catastrophe losses, and will release fourth quarter results on January 29, 2008.

*Measures used in this release that are not based on accounting principles generally accepted in the United States (“non-GAAP”) are defined and reconciled to the most directly comparable GAAP measure and operating measures are defined in the “Definitions of Non-GAAP and Operating Measures” section of this document.

EXCERPTS ON THIS PAGE:

8-K	May 20, 2009

8-K	May 19, 2009

8-K	May 15, 2009

10-K (2 sections)	Feb 27, 2008

8-K	Dec 18, 2007

Allstate (ALL)

ALL » Topics » NORTHBROOK, Ill.

EXCERPTS ON THIS PAGE:

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