Allstate (ALL)

On November 8, 2005, the Registrant’s Board of Directors approved a Capital Support Commitment in the form attached as Exhibit 99.

Management continues to expect that the Registrant will have sufficient liquidity in 2005 and 2006 to fund shareholder dividends, debt service and the remainder of the current share repurchase program.  The sources of liquidity for the Registrant include but are not limited to dividends from Allstate Insurance Company (“AIC”) and $2.29 billion of total investments at a subsidiary, Kennett Capital, Inc.  In 2005 and 2006, management expects that AIC will pay the Registrant the maximum amount of ordinary dividends allowed under the Illinois Insurance Code.

This document contains “forward-looking statements” about the Registrant’s liquidity to fund shareholder dividends, service debt and complete the current share repurchase program.  These statements are made subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995 and are based on management’s estimates, assumptions and projections.  Actual results may differ materially from those projected in the forward-looking statements for a variety of reasons.  The declaration of dividends by any Allstate company, the completion of the $4 billion stock repurchase program and the Registrant’s ability to service debt are subject to the impact of reserve reestimates on net income and cash flows and the level of catastrophes experienced in the fourth quarter of 2005 and fiscal year 2006.  In addition, the declaration of dividends is subject to the discretion of the relevant company’s board of directors and its assessment of alternative uses of available funds.  The completion of the stock repurchase program is subject to management discretion and their assessment of alternative uses of funds and the market price of the Registrant’s common stock from time to time.  The Registrant assumes no obligation to update any forward-looking statements.