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Thursday, March 19, 2015

Allstate Announces February Catastrophe Loss Estimate

This release contains: 1 Related Document, 1 Photo

The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of February 2015 of $223 million, pre-tax ($145 million after-tax). Catastrophe losses occurring in February comprised seven events at an estimated cost of $224 million, pre-tax, partially offset by favorable reserve reestimates of prior reported catastrophe losses. Three severe winter weather/freeze events accounted for over 88% of the estimated loss for February events.


Estimated catastrophe losses for the first quarter months of January and February 2015 totaled $225 million, pre-tax ($146 million after-tax).


The Allstate Corporation (NYSE: ALL) is the nation’s largest publicly held personal lines insurer, protecting approximately 16 million households from life’s uncertainties through auto, home, life and other insurance offered through its Allstate, Esurance, Encompass and Answer Financial brand names. Allstate is widely known through the slogan “You’re In Good Hands With Allstate®.” The Allstate brand’s network of small businesses offers auto, home, life and retirement products and services to customers in the United States and Canada.


Financial information, including material announcements about The Allstate Corporation, is routinely posted on http://ift.tt/1kdfBpc.


Forward-Looking Statements

This news release contains “forward-looking statements” that anticipate results based on our estimates, assumptions and plans that are subject to uncertainty. These statements are made subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements do not relate strictly to historical or current facts and may be identified by their use of words like “plans,” “seeks,” “expects,” “will,” “should,” “anticipates,” “estimates,” “intends,” “believes,” “likely,” “targets” and other words with similar meanings. We believe these statements are based on reasonable estimates, assumptions and plans. However, if the estimates, assumptions or plans underlying the forward-looking statements prove inaccurate or if other risks or uncertainties arise, actual results could differ materially from those communicated in these forward-looking statements. Factors that could cause actual results to differ materially from those expressed in, or implied by, the forward-looking statements may be found in our filings with the U.S. Securities and Exchange Commission, including the “Risk Factors” section in our most recent Annual Report on Form 10-K. Forward-looking statements speak only as of the date on which they are made, and we assume no obligation to update or revise any forward-looking statement.


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Contacts:


Greg Burns

Media Relations

(847) 402-5600


Pat Macellaro

Investor Relations

(847) 402-2800






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