Allstate (ALL)

Outlook

“We expect volatile financial markets and tough economic conditions to persist for some time. Our focus will remain on running our businesses efficiently and effectively to serve our customers and proactively managing catastrophe and investment risk,” concluded Wilson.  Allstate expects its Property-Liability underlying combined ratio, which excludes the effects of catastrophes and prior year reserve re-estimates, to be at the favorable end of the previously stated range of 86.0 and 88.0 for the full year 2008.

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Outlook

In light of positive first half 2008 performance, Allstate is adjusting the outlook for its Property-Liability underlying combined ratio, excluding the effect of catastrophes and prior year reserve re-estimates. The Corporation now expects its underlying combined ratio will be within 86.0 – 88.0 for the full year of 2008, an improvement from the full-year outlook of 87.0 – 89.0 provided in January.

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Outlook

“Our unique innovative products, disciplined pricing, financial strength and experienced management team give us an edge over the competition,” continued Wilson. “We believe this environment, while challenging, plays to Allstate’s strengths.”

Although auto frequency was lower in the first quarter, Allstate is leaving in place the expectation that its Property-Liability combined ratio, excluding the effect of catastrophes and prior year reserve re-estimates, will be within the range of 87.0 and 89.0 for the full year 2008. The company will continue to monitor results and, if appropriate, will revise its 2008 combined ratio outlook.

Outlook

“Our four operational priorities of consumer focus, enterprise risk and return optimization, operational excellence and aggressive capital management will continue to deliver excellent returns and help us continue to outperform the industry in 2008.

“We expect our Property-Liability combined ratio, excluding the effects of catastrophes and prior year reserve reestimates, will be within the range of 87.0 to 89.0 for 2008,” Wilson concluded.

Outlook

“We are reaffirming our previous outlook that the Property-Liability combined ratio, excluding the effect of catastrophes and prior year reserve reestimates, will be within the range of 84.0 to 86.0 for 2007,” Wilson concluded.

Outlook

“Allstate’s multi-faceted, competitive business strategy continues to deliver market-leading products and services to our customers and strong returns for our shareholders. We expect that the Property-Liability combined ratio, excluding the effect of catastrophes and assuming no prior year reserve reestimates, will be within the range of 84.0 and 86.0 in 2007,” concluded Wilson.

Outlook

“Overall, we are pleased with our performance during the quarter. We remain focused on executing our multifaceted competitive strategy to continue generating strong returns for shareholders and delivering market-leading products and services to our customers. We continue to expect that the Property-Liability combined ratio, excluding the effect of catastrophes and assuming no prior year reserve reestimates, will be between 84.0 and 86.0 in 2007,” concluded Wilson.

Outlook

“We expect our multifaceted competitive strategy to continue to generate strong returns for shareholders in 2007.  After seeking input from a wide range of stakeholders, we have decided to stop our practice of giving operating income per share guidance.  Allstate will continue to be a leader in the amount and quality of our financial disclosures and will provide an outlook on key operating trends.  The combined ratio excluding catastrophes (assuming no prior year reserve reestimates)(1) for Property-Liability is expected to be between 84.0 and 86.0 in 2007,” concluded Wilson.

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