Partially Offset by On-going Risk Mitigation Actions
· Catastrophe losses of $1.8 billion,
including losses from Hurricanes Ike and Gustav, were partially mitigated by
exposure reduction actions and reinsurance.
· Pre-tax net realized capital losses of
$1.3 billion reflect unprecedented declines in credit markets, partially offset
by positive impact of risk mitigation programs.
· Profitability from underlying
underwriting remains strong and within full-year outlook range.
· Strong liquidity and capital positions.
Ill., October 22, 2008 The Allstate Corporation (NYSE: ALL) today
reported results for the third quarter of 2008: