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Exhibit 11

The Allstate Corporation and Subsidiaries
Computation of Earnings Per Common Share

			Year Ended December 31,
(in millions except per share data)			2005		2004		2003
Net Income			$	1,765	$	3,181	$	2,705
Basic earnings per common share computation:
	Weighted average number of common shares(1)			661.7		695.6		703.5
	Net income per share - basic		$	2.67	$	4.57	$	3.85
Diluted earnings per common share computation:
	Weighted average number of common shares(1)			661.7		695.6		703.5
	Assumed exercise of dilutive stock options			5.1		4.7		2.7
	Effect of potential restricted stock units			0.5		—		—
		Adjusted weighted number of common shares outstanding		667.3		700.3		706.2
	Net income per share - diluted		$	2.64	$	4.54	$	3.83

(1)

Common shares held as treasury shares were 254 million, 217 million and 196 million, at December 31, 2005, 2004 and 2003, respectively.

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Exhibit 11

The Allstate Corporation and Subsidiaries Computation of Earnings Per Common Share