THE ALLSTATE CORPORATION

CONSOLIDATED STATEMENTS OF OPERATIONS

($ in millions, except per share data)

	Three months ended															Nine months ended

		Sept. 30,		June 30,		March 31,		Dec. 31,		Sept. 30,		June 30,		March 31,		Sept. 30,		Sept. 30,
		2013		2013		2013		2012		2012		2012		2012		2013		2012

Revenues
Property-liability insurance premiums	$	6,972	$	6,862	$	6,770	$	6,744	$	6,697	$	6,666	$	6,630	$	20,604	$	19,993
Life and annuity premiums and contract charges		584		579		579		566		563		559		553		1,742		1,675
Net investment income		950		984		983		1,033		940		1,026		1,011		2,917		2,977
Realized capital gains and losses:
Total other-than-temporary impairment losses		(96)		(55)		(27)		(44)		(39)		(69)		(87)		(178)		(195)
Portion of loss recognized in other comprehensive income		8		(5)		(10)		(10)		(7)		19		4		(7)		16
Net other-than-temporary impairment losses recognized in earnings		(88)		(60)		(37)		(54)		(46)		(50)		(83)		(185)		(179)
Sales and other realized capital gains and losses		47		422		168		258		(26)		77		251		637		302
Total realized capital gains and losses		(41)		362		131		204		(72)		27		168		452		123
Total revenues		8,465		8,787		8,463		8,547		8,128		8,278		8,362		25,715		24,768

Costs and expenses
Property-liability insurance claims and claims expense		4,427		4,741		4,460		5,042		4,293		4,810		4,339		13,628		13,442
Life and annuity contract benefits		498		471		458		464		453		462		439		1,427		1,354
Interest credited to contractholder funds		317		311		345		357		215		366		378		973		959
Amortization of deferred policy acquisition costs		1,026		961		946		947		1,016		942		979		2,933		2,937
Operating costs and expenses		937		1,090		1,102		1,095		1,010		996		1,017		3,129		3,023
Restructuring and related charges		13		20		26		9		9		10		6		59		25
Loss on extinguishment of debt		9		480		-		-		-		-		-		489		-
Interest expense		83		99		98		92		93		93		95		280		281
Total costs and expenses		7,310		8,173		7,435		8,006		7,089		7,679		7,253		22,918		22,021

(Loss) gain on disposition of operations		(646)		-		2		3		9		3		3		(644)		15

Income from operations before income tax expense		509		614		1,030		544		1,048		602		1,112		2,153		2,762

Income tax expense		193		180		321		150		325		179		346		694		850

Net income	$	316		434		709		394		723		423		766	$	1,459	$	1,912

Preferred stock dividends		6		-		-		-		-		-		-		6		-

Net income available to common shareholders	$	310	$	434	$	709	$	394	$	723	$	423	$	766	$	1,453	$	1,912

Earnings per common share: (1)

Net income available to common shareholders per common share - Basic	$	0.67	$	0.93	$	1.49	$	0.82	$	1.49	$	0.86	$	1.54	$	3.10	$	3.89
Weighted average common shares - Basic		461.1		468.3		475.4		482.2		485.9		490.6		498.7		468.2		491.5

Net income available to common shareholders per common share - Diluted	$	0.66	$	0.92	$	1.47	$	0.81	$	1.48	$	0.86	$	1.53	$	3.07	$	3.86
Weighted average common shares - Diluted		467.1		473.8		480.8		487.0		489.9		493.8		501.5		473.8		494.7

Cash dividends declared per common share	$	0.25	$	0.25	$	0.25	$	0.22	$	0.22	$	0.22	$	0.22	$	0.75	$	0.66

(1) In accordance with GAAP, the quarter and year-to-date per share amounts are calculated discretely. Therefore, the sum of each quarter may not equal the year-to-date amount.

THE ALLSTATE CORPORATION

CONTRIBUTION TO INCOME

($ in millions, except per share data)

	Three months ended															Nine months ended

		Sept. 30,		June 30,		March 31,		Dec. 31,		Sept. 30,		June 30,		March 31,		Sept. 30,		Sept. 30,
		2013		2013		2013		2012		2012		2012		2012		2013		2012

Contribution to income

Operating income before the impact of restructuring and related charges	$	721	$	542	$	664	$	295	$	723	$	438	$	714	$	1,927	$	1,875
Restructuring and related charges, after-tax		(8)		(13)		(17)		(6)		(6)		(6)		(4)		(38)		(16)

Operating income *		713		529		647		289		717		432		710		1,889		1,859

Realized capital gains and losses, after-tax		(28)		234		85		136		(47)		17		110		291		80
Valuation changes on embedded derivatives that are not hedged, after-tax		(10)		3		(6)		(6)		97		(3)		(6)		(13)		88
DAC and DSI accretion amortization relating to realized capital gains and losses and valuation changes on embedded derivatives that are not hedged, after-tax		1		(4)		1		(4)		(28)		-		(10)		(2)		(38)
DAC and DSI unlocking relating to realized capital gains and losses, after-tax		7		-		-		-		4		-		-		7		4
Reclassification of periodic settlements and accruals on non-hedge derivative instruments, after-tax		-		(3)		(5)		(7)		(8)		(9)		(9)		(8)		(26)
Business combination expenses and the amortization of purchased intangible assets, after-tax		(13)		(13)		(14)		(16)		(18)		(16)		(31)		(40)		(65)
(Loss) gain on disposition of operations, after-tax		(472)		-		1		2		6		2		2		(471)		10
Loss on extinguishment of debt, after-tax		(6)		(312)		-		-		-		-		-		(318)		-
Postretirement benefits curtailment gain, after-tax		118		-		-		-		-		-		-		118		-

Net income available to common shareholders	$	310	$	434	$	709	$	394	$	723	$	423	$	766	$	1,453	$	1,912

Income per common share - Diluted (1)
Operating income before the impact of restructuring and related charges	$	1.54	$	1.14	$	1.38	$	0.61	$	1.48	$	0.89	$	1.42	$	4.07	$	3.79
Restructuring and related charges, after-tax		(0.01)		(0.02)		(0.03)		(0.02)		(0.02)		(0.02)		-		(0.08)		(0.03)

Operating income		1.53		1.12		1.35		0.59		1.46		0.87		1.42		3.99		3.76

Realized capital gains and losses, after-tax		(0.06)		0.50		0.18		0.28		(0.09)		0.04		0.22		0.61		0.16
Valuation changes on embedded derivatives that are not hedged, after-tax		(0.02)		0.01		(0.02)		(0.01)		0.20		(0.01)		(0.01)		(0.03)		0.18
DAC and DSI amortization relating to realized capital gains and losses and valuation changes on embedded derivatives that are not hedged, after-tax		-		(0.01)		-		(0.01)		(0.06)		-		(0.02)		-		(0.08)
DAC and DSI unlocking relating to realized capital gains and losses, after-tax		0.01		-		-		-		0.01		-		-		0.01		0.01
Reclassification of periodic settlements and accruals on non-hedge derivative instruments, after-tax		-		(0.01)		(0.01)		(0.01)		(0.01)		(0.02)		(0.02)		(0.02)		(0.06)
Business combination expenses and the amortization of purchased intangible assets, after-tax		(0.03)		(0.03)		(0.03)		(0.03)		(0.04)		(0.03)		(0.06)		(0.08)		(0.13)
Gain on disposition of operations, after-tax		(1.01)		-		-		-		0.01		0.01		-		(0.99)		0.02
(Loss) gain on extinguishment of debt, after-tax		(0.01)		(0.66)		-		-		-		-		-		(0.67)		-
Postretirement benefits curtailment gain, after-tax		0.25		-		-		-		-		-		-		0.25		-

Net income available to common shareholders	$	0.66	$	0.92	$	1.47	$	0.81	$	1.48	$	0.86	$	1.53	$	3.07	$	3.86

Weighted average common shares - Diluted		467.1		473.8		480.8		487.0		489.9		493.8		501.5		473.8		494.7

(1) In accordance with GAAP, the quarter and year-to-date per share amounts are calculated discretely. Therefore, the sum of each quarter may not equal the year-to-date amount.

THE ALLSTATE CORPORATION

REVENUES

($ in millions)

	Three months ended															Nine months ended

		Sept. 30,		June 30,		March 31,		Dec. 31,		Sept. 30,		June 30,		March 31,		Sept. 30,		Sept. 30,
		2013		2013		2013		2012		2012		2012		2012		2013		2012

Property-Liability
Property-Liability insurance premiums	$	6,972	$	6,862	$	6,770	$	6,744	$	6,697	$	6,666	$	6,630	$	20,604	$	19,993
Net investment income		309		343		341		362		299		352		313		993		964
Realized capital gains and losses		(26)		305		112		143		(16)		19		189		391		192

Total Property-Liability revenues		7,255		7,510		7,223		7,249		6,980		7,037		7,132		21,988		21,149

Allstate Financial
Life and annuity premiums and contract charges		584		579		579		566		563		559		553		1,742		1,675
Net investment income		633		633		635		665		632		663		687		1,901		1,982
Realized capital gains and losses		(16)		57		19		56		(56)		8		(21)		60		(69)

Total Allstate Financial revenues		1,201		1,269		1,233		1,287		1,139		1,230		1,219		3,703		3,588

Corporate and Other
Service fees (1)		3		2		1		1		1		1		1		6		3
Net investment income		8		8		7		6		9		11		11		23		31
Realized capital gains and losses		1		-		-		5		-		-		-		1		-

Total Corporate and Other revenues before reclassification of services fees		12		10		8		12		10		12		12		30		34

Reclassification of service fees (1)		(3)		(2)		(1)		(1)		(1)		(1)		(1)		(6)		(3)

Total Corporate and Other revenues		9		8		7		11		9		11		11		24		31

Consolidated revenues	$	8,465	$	8,787	$	8,463	$	8,547	$	8,128	$	8,278	$	8,362	$	25,715	$	24,768

(1) For presentation in the Consolidated Statements of Operations, service fees of the Corporate and Other segment are reclassified to Operating costs and expenses.

THE ALLSTATE CORPORATION

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

($ in millions)

		Sept. 30,		June 30,		March 31,		Dec. 31,		Sept. 30,			Sept. 30,			June 30,			March 31,			Dec. 31,			Sept. 30,
		2013		2013		2013		2012		2012			2013			2013			2013			2012			2012

Assets											Liabilities
Investments											Reserve for property-liability insurance
Fixed income securities, at fair value											claims and claims expense	$	20,983		$	20,989		$	20,920		$	21,288		$	20,197
(amortized cost $58,129, $68,475,											Reserve for life-contingent contract benefits		12,590			14,242			14,767			14,895			14,900
$70,957, $71,915 and $72,432)	$	60,295	$	71,039	$	75,806	$	77,017	$	77,729	Contractholder funds		24,476			36,357			38,807			39,319			40,110
Equity securities, at fair value											Unearned premiums		11,016			10,510			10,218			10,375			10,494
(cost $4,370, $4,237, $3,777,											Claim payments outstanding		702			745			757			797			763
$3,577 and $3,429)		4,812		4,505		4,439		4,037		3,876	Deferred income taxes		440			250			782			597			689
Mortgage loans		4,817		6,413		6,434		6,570		6,904	Other liabilities and accrued expenses		5,245			6,055			6,436			6,429			6,121
Limited partnership interests		5,091		4,941		4,931		4,922		4,974	Short-term debt		-			500			-			-			-
Short-term, at fair value											Long-term debt		6,217			5,475			6,556			6,057			6,057
(amortized cost $2,694, $2,646,											Separate Accounts		4,928			6,488			6,750			6,610			6,820
$3,169, $2,336 and $2,825)		2,694		2,646		3,169		2,336		2,825	Liabilities held for sale		14,908			-			-			-			-
Other		2,774		2,771		2,603		2,396		2,208	Total liabilities		101,505			101,611			105,993			106,367			106,151
Total investments		80,483		92,315		97,382		97,278		98,516
											Equity
											Preferred stock and additional capital paid-in, 26.900 and
											11,500 shares outstanding as of September 30, 2013,
											June 30, 2013, and none outstanding as of all other
											periods presented		650			278			-			-			-
											Common stock, 456 million, 465 million, 468 million,
											479 million,and 483 million shares outstanding		9			9			9			9			9
											Additional capital paid-in		3,127			3,105			3,028			3,162			3,154
											Retained income		34,885			34,691			34,375			33,783			33,496
											Deferred ESOP expense		(39	)		(39	)		(39	)		(41	)		(41	)
											Treasury stock, at cost (444 million, 435 million, 432
											million, 421 million, and 417 million)		(18,662	)		(18,225	)		(18,033	)		(17,508	)		(17,368	)
											Accumulated other comprehensive income:
											Unrealized net capital gains and losses:
											Unrealized net capital gains and losses on fixed
											income securities with other-than-temporary impairments		33			36			30			(11	)		(42	)
Cash		1,069		634		820		806		642	Other unrealized net capital gains and losses		1,804			1,794			3,543			3,614			3,765
Premium installment receivables, net		5,341		5,116		5,066		5,051		5,108	Unrealized adjustment to DAC, DSI and
Deferred policy acquisition costs		3,286		3,914		3,660		3,621		3,578	insurance reserves		(123)			(179	)		(668	)		(769	)		(843	)
Reinsurance recoverables, net (1)		6,938		8,346		8,316		8,767		7,278	Total unrealized net capital gains and losses		1,714			1,651			2,905			2,834			2,880
Accrued investment income		617		773		792		781		835	Unrealized foreign currency translation
Property and equipment, net		993		971		998		989		928	adjustments		50			37			58			70			70
Goodwill		1,243		1,239		1,239		1,240		1,242	Unrecognized pension and other
Other assets		1,810		1,684		1,589		1,804		2,041	postretirement benefit cost		(954	)		(1,638	)		(1,684	)		(1,729	)		(1,363	)
Separate Accounts		4,928		6,488		6,750		6,610		6,820	Total accumulated other comprehensive
Assets held for sale		15,577		-		-		-		-	income		810			50			1,279			1,175			1,587
											Total shareholders’ equity		20,780			19,869			20,619			20,580			20,837
Total assets	$	122,285	$	121,480	$	126,612	$	126,947	$	126,988	Total liabilities and shareholders’ equity	$	122,285		$	121,480		$	126,612		$	126,947		$	126,988

(1) Reinsurance recoverables of unpaid losses related to Property-Liability were $3,652 million, $3,613 million, $3,568 million, $4,010 million and $2,651 million as of September 30, 2013, June 30, 2013, March 31, 2013, December 31, 2012 and September 30, 2012, respectively.

THE ALLSTATE CORPORATION

BOOK VALUE PER COMMON SHARE

($ in millions, except per share data)

		Sept. 30,		June 30,		March 31,		Dec. 31,		Sept. 30,		June 30,		March 31,
		2013		2013		2013		2012		2012		2012		2012
Book value per common share

Numerator:

Common shareholders’ equity (1)	$	20,130	$	19,591	$	20,619	$	20,580	$	20,837	$	19,475	$	19,182

Denominator:

Common shares outstanding and dilutive potential common shares outstanding		462.9		470.6		474.4		485.5		488.7		490.2		497.3

Book value per common share	$	43.49	$	41.63	$	43.46	$	42.39	$	42.64	$	39.73	$	38.57

Book value per common share, excluding the impact of unrealized net capital gains and losses on fixed income securities *

Numerator:

Common shareholders’ equity	$	20,130	$	19,591	$	20,619	$	20,580	$	20,837	$	19,475	$	19,182

Unrealized net capital gains and losses on fixed income securities		1,445		1,489		2,486		2,549		2,602		1,919		1,620

Adjusted common shareholders’ equity	$	18,685	$	18,102	$	18,133	$	18,031	$	18,235	$	17,556	$	17,562

Denominator:

Common shares outstanding and dilutive potential common shares outstanding		462.9		470.6		474.4		485.5		488.7		490.2		497.3

Book value per common share, excluding the impact of unrealized net capital gains and losses on fixed income securities	$	40.37	$	38.47	$	38.22	$	37.14	$	37.31	$	35.81	$	35.31

(1) Excludes equity related to preferred stock of $650 million as of September 30, 2013 and $278 million as of June 30, 2013.

THE ALLSTATE CORPORATION

RETURN ON COMMON SHAREHOLDERS’ EQUITY

($ in millions)

	Twelve months ended

		Sept. 30,			June 30,			March 31,			Dec. 31,			Sept. 30,			June 30,			March 31,
		2013			2013			2013			2012			2012			2012			2012
Return on Common Shareholders’ Equity

Numerator:

Net income available to common shareholders (1)	$	1,847		$	2,260		$	2,249		$	2,306		$	2,624		$	2,076		$	1,029

Denominator:

Beginning common shareholders’ equity	$	20,837		$	19,475		$	19,182		$	18,298		$	17,732		$	18,382		$	18,898
Ending common shareholders’ equity		20,130			19,591			20,619			20,580			20,837			19,475			19,182

Average common shareholders’ equity (2)	$	20,484		$	19,533		$	19,901		$	19,439		$	19,285		$	18,929		$	19,040

Return on common shareholders’ equity		9.0	%		11.6	%		11.3	%		11.9	%		13.6	%		11.0	%		5.4	%

Operating Income Return on Common Shareholders’ Equity *

Numerator:
Operating income (1)	$	2,178		$	2,182		$	2,085		$	2,148		$	2,594		$	1,957		$	878

Denominator:

Beginning common shareholders’ equity	$	20,837		$	19,475		$	19,182		$	18,298		$	17,732		$	18,382		$	18,898
Unrealized net capital gains and losses		2,880			2,070			1,874			1,400			1,065			1,475			1,072
Adjusted beginning common shareholders’ equity		17,957			17,405			17,308			16,898			16,667			16,907			17,826

Ending common shareholders’ equity		20,130			19,591			20,619			20,580			20,837			19,475			19,182
Unrealized net capital gains and losses		1,714			1,651			2,905			2,834			2,880			2,070			1,874
Adjusted ending common shareholders’ equity		18,416			17,940			17,714			17,746			17,957			17,405			17,308

Average adjusted common shareholders’ equity (2)	$	18,187		$	17,673		$	17,511		$	17,322		$	17,312		$	17,156		$	17,567

Operating income return on common shareholders’ equity		12.0	%		12.3	%		11.9	%		12.4	%		15.0	%		11.4	%		5.0	%

(1) Net income available to common shareholders and operating income reflect a trailing twelve-month period.

(2) Average common shareholders’ equity and average adjusted common shareholders’ equity are determined using a two-point average, with the beginning and ending common shareholders’ equity and adjusted common shareholders’ equity, respectively, for the twelve-month period as data points.

THE ALLSTATE CORPORATION

DEBT TO CAPITAL

($ in millions)

		Sept. 30,			June 30,			March 31,			Dec. 31,			Sept. 30,			June 30,			March 31,
		2013			2013			2013			2012			2012			2012			2012

Debt

Short-term debt	$	-		$	500		$	-		$	-		$	-		$	-		$	-
Long-term debt		6,217			5,475			6,556			6,057			6,057			6,058			6,058
Total debt	$	6,217		$	5,975		$	6,556		$	6,057		$	6,057		$	6,058		$	6,058

Capital resources

Debt	$	6,217		$	5,975		$	6,556		$	6,057		$	6,057		$	6,058		$	6,058

Shareholders’ equity
Preferred stock and additional capital paid-in		650			278			-			-			-			-			-
Common stock		9			9			9			9			9			9			9
Additional capital paid-in		3,127			3,105			3,028			3,162			3,154			3,154			3,151
Retained income		34,885			34,691			34,375			33,783			33,496			32,880			32,565
Deferred ESOP expense		(39)			(39)			(39)			(41)			(41)			(41)			(41)
Treasury stock		(18,662)			(18,225)			(18,033)			(17,508)			(17,368)			(17,272)			(17,034)
Unrealized net capital gains and losses		1,714			1,651			2,905			2,834			2,880			2,070			1,874
Unrealized foreign currency translation adjustments		50			37			58			70			70			58			65
Unrecognized pension and other postretirement benefit cost		(954)			(1,638)			(1,684)			(1,729)			(1,363)			(1,383)			(1,407)
Total shareholders’ equity		20,780			19,869			20,619			20,580			20,837			19,475			19,182

Total capital resources	$	26,997		$	25,844		$	27,175		$	26,637		$	26,894		$	25,533		$	25,240

Ratio of debt to shareholders’ equity		29.9	%		30.1	%		31.8	%		29.4	%		29.1	%		31.1	%		31.6	%

Ratio of debt to capital resources		23.0	%		23.1	%		24.1	%		22.7	%		22.5	%		23.7	%		24.0	%

THE ALLSTATE CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS

($ in millions)

	Three months ended															Nine months ended

		Sept. 30,		June 30,		March 31,		Dec. 31,		Sept. 30,		June 30,		March 31,		Sept. 30,		Sept. 30,
		2013		2013		2013		2012		2012		2012		2012		2013		2012

CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$	316	$	434	$	709	$	394	$	723	$	423	$	766	$	1,459	$	1,912
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and other non-cash items		66		93		87		95		92		105		96		246		293
Realized capital gains and losses		41		(362)		(131)		(204)		72		(27)		(168)		(452)		(123)
Loss on extinguishment of debt		9		480		-		-		-		-		-		489		-
Loss (gain) on disposition of operations		646		-		(2)		(3)		(9)		(3)		(3)		644		(15)
Interest credited to contractholder funds		317		311		345		357		215		366		378		973		959
Changes in:
Policy benefits and other insurance reserves		(180)		(93)		(514)		983		(392)		(31)		(346)		(787)		(769)
Unearned premiums		505		311		(146)		(115)		394		207		(180)		670		421
Deferred policy acquisition costs		(101)		(77)		(30)		(31)		7		(46)		52		(208)		13
Premium installment receivables, net		(219)		(59)		(22)		53		(169)		(28)		19		(300)		(178)
Reinsurance recoverables, net		(33)		(79)		406		(1,421)		(166)		(30)		57		294		(139)
Income taxes		172		6		277		29		328		8		333		455		669
Other operating assets and liabilities		(21)		(152)		(239)		299		(251)		23		(197)		(412)		(425)
Net cash provided by operating activities		1,518		813		740		436		844		967		807		3,071		2,618

CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sales
Fixed income securities		4,893		4,987		5,474		4,920		4,034		4,229		5,689		15,354		13,952
Equity securities		489		1,532		210		150		70		216		1,059		2,231		1,345
Limited partnership interests		238		278		160		331		271		393		403		676		1,067
Mortgage loans		-		18		2		3		-		5		6		20		11
Other investments		55		23		15		44		16		52		36		93		104
Investment collections
Fixed income securities		1,221		1,913		1,745		1,525		1,751		1,175		966		4,879		3,892
Mortgage loans		308		238		237		382		224		288		170		783		682
Other investments		42		117		54		58		31		16		23		213		70
Investment purchases
Fixed income securities		(6,008)		(4,553)		(6,084)		(5,849)		(4,464)		(5,337)		(7,008)		(16,645)		(16,809)
Equity securities		(555)		(1,693)		(317)		(286)		(95)		(162)		(128)		(2,565)		(385)
Limited partnership interests		(434)		(222)		(255)		(292)		(568)		(346)		(318)		(911)		(1,232)
Mortgage loans		(109)		(239)		(75)		(53)		(205)		(51)		(216)		(423)		(472)
Other investments		(342)		(342)		(196)		(390)		(32)		(80)		(163)		(880)		(275)
Change in short-term investments, net		(121)		385		(808)		586		(892)		(13)		(379)		(544)		(1,284)
Change in other investments, net		1		57		34		64		51		(48)		(9)		92		(6)
Purchases of property and equipment, net		(73)		17		(60)		(109)		(60)		(65)		(51)		(116)		(176)
(Acquisition) disposition of operations		(24)		-		-		-		13		1		(1)		(24)		13
Net cash (used) provided by investing activities		(419)		2,516		136		1,084		145		273		79		2,233		497

CASH FLOWS FROM FINANCING ACTIVITIES
Change in short-term debt		(500)		500		-		-		-		-		-		-		-
Proceeds from issuance of long-term debt		786		989		492		-		-		-		493		2,267		493
Repayment of long-term debt		(65)		(2,540)		-		(1)		-		(1)		(350)		(2,605)		(351)
Proceeds from issuance of preferred stock		373		278		-		-		-		-		-		651		-
Contractholder fund deposits		489		528		591		587		566		520		485		1,608		1,571
Contractholder fund withdrawals		(1,185)		(3,014)		(1,259)		(1,581)		(1,273)		(1,366)		(1,299)		(5,458)		(3,938)
Dividends paid on common stock		(118)		(119)		-		(212)		(107)		(109)		(106)		(237)		(322)
Treasury stock purchases		(488)		(158)		(739)		(184)		(146)		(274)		(309)		(1,385)		(729)
Shares reissued under equity incentive plans, net		48		43		17		25		34		11		15		108		60
Excess tax benefits on share-based payment arrangements		4		6		23		3		3		5		(1)		33		7
Other		5		(28)		13		7		5		(32)		(13)		(10)		(40)
Net cash used in financing activities		(651)		(3,515)		(862)		(1,356)		(918)		(1,246)		(1,085)		(5,028)		(3,249)
Transfer of cash to held for sale		(13)		-		-		-		-		-		-		(13)		-

NET INCREASE (DECREASE) IN CASH		435		(186)		14		164		71		(6)		(199)		263		(134)
CASH AT BEGINNING OF PERIOD		634		820		806		642		571		577		776		806		776
CASH AT END OF PERIOD	$	1,069	$	634	$	820	$	806	$	642	$	571	$	577	$	1,069	$	642

THE ALLSTATE CORPORATION

ANALYSIS OF DEFERRED POLICY ACQUISITION COSTS

($ in millions)

	Change in Deferred Policy Acquisition Costs For the three months ended September 30, 2013

								Amortization
								relating to realized
								capital gains and		Amortization
								losses and		(acceleration)		Effect of
		Beginning		Acquisition		Amortization		valuation changes on		deceleration		unrealized		DAC		Ending
		balance		costs		before		embedded derivatives		for the changes		capital gains		classified as		balance
		June 30, 2013		deferred		adjustments (1) (2)		that are not hedged (2)		in assumptions(2)		and losses		held for sale		Sept. 30, 2013

Property-Liability	$	1,461	$	1,045	$	(929)	$	-	$	-	$	-	$	-	$	1,577

Allstate Financial:
Traditional life and accident and health		694		40		(27)		-		-		-		(12)		695
Interest-sensitive life		1,707		38		(46)		1		(35)		9		(700)		974
Fixed annuity		52		5		(4)		2		12		2		(29)		40
Subtotal		2,453		83		(77)		3		(23)		11		(741)		1,709

Consolidated	$	3,914	$	1,128	$	(1,006)	$	3	$	(23)	$	11	$	(741)	$	3,286

	Change in Deferred Policy Acquisition Costs For the three months ended September 30, 2012

								Amortization
								relating to realized
								capital gains and		Amortization
								losses and		(acceleration)		Effect of
		Beginning		Acquisition		Amortization		valuation changes on		deceleration		unrealized		DAC		Ending
		balance		costs		before		embedded derivatives		for the changes		capital gains		classified as		balance
		June 30, 2012		deferred		adjustments (1) (2)		that are not hedged (2)		in assumptions(2)		and losses		held for sale		Sept. 30, 2012

Property-Liability	$	1,348	$	922	$	(870)	$	-	$	-	$	-	$	-	$	1,400

Allstate Financial:
Traditional life and accident and health		640		36		(22)		-		-		-		-		654
Interest-sensitive life		1,598		45		(52)		(8)		(30)		(49)		-		1,504
Fixed annuity		58		8		(3)		(27)		(4)		(12)		-		20
Subtotal		2,296		89		(77)		(35)		(34)		(61)		-		2,178

Consolidated	$	3,644	$	1,011	$	(947)	$	(35)	$	(34)	$	(61)	$	-	$	3,578

(1) Amortization before adjustments reflects total DAC amortization before amortization/accretion related to realized capital gains and losses and valuation changes on embedded derivatives that are not hedged and amortization acceleration/deceleration for changes in assumptions.

(2) Included as a component of amortization of DAC on the Consolidated Statements of Operations.

THE ALLSTATE CORPORATION

ANALYSIS OF DEFERRED POLICY ACQUISITION COSTS

($ in millions)

	Change in Deferred Policy Acquisition Costs																	Reconciliation of Deferred Policy
	For the nine months ended September 30, 2013																	Acquisition Costs as of September 30, 2013

								Amortization
								relating to realized
								capital gains and		Amortization								DAC before				DAC after
								losses and		(acceleration)		Effect of						impact of		Impact of		impact of
		Beginning		Acquisition		Amortization		valuation changes on		deceleration		unrealized		DAC		Ending		unrealized		unrealized		unrealized
		balance		costs		before		embedded derivatives		for changes in		capital gains		classified as		balance		capital gains		capital gains		capital gains
		Dec. 31, 2012		deferred		adjustments (1) (2)		that are not hedged (2)		assumptions (2)		and losses		held for sale		Sept. 30, 2013		and losses		and losses		and losses

Property-Liability	$	1,396	$	2,871	$	(2,690)	$	-	$	-	$	-	$	-	$	1,577	$	1,577	$	-	$	1,577

Allstate Financial:
Traditional life and accident and health		671		118		(82)		-		-		-		(12)		695		695		-		695
Interest-sensitive life		1,529		133		(125)		(2)		(35)		174		(700)		974		1,083		(109)		974
Fixed annuity		25		17		(11)		-		12		26		(29)		40		47		(7)		40
Subtotal		2,225		268		(218)		(2)		(23)		200		(741)		1,709		1,825		(116)		1,709

Consolidated	$	3,621	$	3,139	$	(2,908)	$	(2)	$	(23)	$	200	$	(741)	$	3,286	$	3,402	$	(116)	$	3,286

	Change in Deferred Policy Acquisition Costs																	Reconciliation of Deferred Policy
	For the nine months ended September 30, 2012																	Acquisition Costs as of September 30, 2012

								Amortization
								relating to realized
								capital gains and		Amortization								DAC before				DAC after
								losses and		(acceleration)		Effect of						impact of		Impact of		impact of
		Beginning		Acquisition		Amortization		valuation changes on		deceleration		unrealized		DAC		Ending		unrealized		unrealized		unrealized
		balance		costs		before		embedded derivatives		for changes in		capital gains		classified as		balance		capital gains		capital gains		capital gains
		Dec. 31, 2011		deferred		adjustments (1) (2)		that are not hedged (2)		assumptions (2)		and losses		held for sale		Sept. 30, 2012		and losses		and losses		and losses

Property-Liability	$	1,348	$	2,665	$	(2,613)	$	-	$	-	$	-	$	-	$	1,400	$	1,400	$	-	$	1,400

Allstate Financial:
Traditional life and accident and health		616		110		(72)		-		-		-		-		654		654		-		654
Interest-sensitive life		1,698		133		(145)		(12)		(30)		(140)		-		1,504		1,862		(358)		1,504
Fixed annuity		209		18		(22)		(39)		(4)		(142)		-		20		55		(35)		20
Subtotal		2,523		261		(239)		(51)		(34)		(282)		-		2,178		2,571		(393)		2,178

Consolidated	$	3,871	$	2,926	$	(2,852)	$	(51)	$	(34)	$	(282)	$	-	$	3,578	$	3,971	$	(393)	$	3,578

(2) Included as a component of amortization of DAC on the Consolidated Statements of Operations.

THE ALLSTATE CORPORATION

PROPERTY-LIABILITY RESULTS

($ in millions, except ratios)

	Three months ended															Nine months ended

		Sept. 30,		June 30,		March 31,		Dec. 31,		Sept. 30,		June 30,		March 31,		Sept. 30,		Sept. 30,
		2013		2013		2013		2012		2012		2012		2012		2013		2012

Premiums written	$	7,438	$	7,151	$	6,625	$	6,637	$	7,063	$	6,864	$	6,463	$	21,214	$	20,390
(Increase) decrease in unearned premiums		(518)		(293)		155		120		(411)		(198)		167		(656)		(442)
Other		52		4		(10)		(13)		45		-		-		46		45

Premiums earned		6,972		6,862		6,770		6,744		6,697		6,666		6,630		20,604		19,993
Claims and claims expense		(4,427)		(4,741)		(4,460)		(5,042)		(4,293)		(4,810)		(4,339)		(13,628)		(13,442)
Amortization of deferred policy acquisition costs		(929)		(890)		(871)		(870)		(870)		(865)		(878)		(2,690)		(2,613)
Operating costs and expenses		(910)		(943)		(957)		(939)		(866)		(847)		(884)		(2,810)		(2,597)
Restructuring and related charges		(9)		(19)		(24)		(9)		(9)		(10)		(6)		(52)		(25)
Underwriting income (loss) *		697		269		458		(116)		659		134		523		1,424		1,316

Net investment income		309		343		341		362		299		352		313		993		964
Periodic settlements and accruals on non-hedge derivative instruments		(2)		(2)		(1)		(2)		(1)		(2)		(1)		(5)		(4)
Business combination expenses and the amortization of purchased intangible assets		21		20		21		25		26		26		47		62		99
Income tax expense on operations		(340)		(197)		(263)		(69)		(316)		(153)		(281)		(800)		(750)

Operating income		685		433		556		200		667		357		601		1,674		1,625

Realized capital gains and losses, after-tax		(17)		197		73		96		(11)		12		124		253		125
Loss on disposition of operations, after-tax		-		(1)		-		-		-		-		-		(1)		-
Reclassification of periodic settlements and accruals on non-hedge derivative instruments, after-tax		1		1		1		-		1		1		1		3		3
Business combination expenses and the amortization of purchased intangible assets, after-tax		(13)		(13)		(14)		(16)		(18)		(16)		(31)		(40)		(65)
Net income available to common shareholders	$	656	$	617	$	616	$	280	$	639	$	354	$	695	$	1,889	$	1,688

Catastrophe losses	$	128	$	647	$	359	$	1,061	$	206	$	819	$	259	$	1,134	$	1,284

Operating ratios
Claims and claims expense (“loss”) ratio		63.5		69.1		65.9		74.8		64.1		72.2		65.4		66.1		67.2
Expense ratio		26.5		27.0		27.3		26.9		26.1		25.8		26.7		27.0		26.2
Combined ratio		90.0		96.1		93.2		101.7		90.2		98.0		92.1		93.1		93.4

Combined ratio excluding the effect of catastrophes *		88.2		86.7		87.9		86.0		87.1		85.7		88.2		87.6		87.0
Effect of catastrophe losses on combined ratio		1.8		9.4		5.3		15.7		3.1		12.3		3.9		5.5		6.4
Combined ratio		90.0		96.1		93.2		101.7		90.2		98.0		92.1		93.1		93.4

Combined ratio excluding the effect of catastrophes, prior year reserve reestimates, business combination expenses and the amortization of purchased intangible assets (“underlying”)		86.9		86.9		87.7		86.7		87.8		86.3		88.1		87.2		87.4
Effect of catastrophe losses on combined ratio		1.8		9.4		5.3		15.7		3.1		12.3		3.9		5.5		6.4
Effect of prior year reserve reestimates on combined ratio		0.5		(0.8)		(0.6)		(2.3)		(2.2)		(2.4)		(3.1)		(0.3)		(2.6)
Effect of catastrophe losses included in prior year reserve reestimates on combined ratio		0.5		0.3		0.5		1.2		1.1		1.4		2.5		0.4		1.7
Effect of business combination expenses and the amortization of purchased intangible assets on combined ratio		0.3		0.3		0.3		0.4		0.4		0.4		0.7		0.3		0.5
Combined ratio		90.0		96.1		93.2		101.7		90.2		98.0		92.1		93.1		93.4

Effect of restructuring and related charges on combined ratio		0.1		0.3		0.4		0.1		0.1		0.2		0.1		0.3		0.1

Effect of Discontinued Lines and Coverages on combined ratio		1.9		0.1		-		-		0.7		0.1		-		0.7		0.2

THE ALLSTATE CORPORATION

PROPERTY-LIABILITY UNDERWRITING RESULTS BY AREA OF BUSINESS

($ in millions)

	Three months ended															Nine months ended

		Sept. 30,		June 30,		March 31,		Dec. 31,		Sept. 30,		June 30,		March 31,		Sept. 30,		Sept. 30,
		2013		2013		2013		2012		2012		2012		2012		2013		2012

Property-Liability Underwriting Summary
Allstate Protection	$	831	$	273	$	462	$	(112)	$	701	$	138	$	526	$	1,566	$	1,365
Discontinued Lines and Coverages		(134)		(4)		(4)		(4)		(42)		(4)		(3)		(142)		(49)
Underwriting income (loss)	$	697	$	269	$	458	$	(116)	$	659	$	134	$	523	$	1,424	$	1,316

Allstate Protection Underwriting Summary
Premiums written	$	7,438	$	7,151	$	6,625	$	6,636	$	7,064	$	6,864	$	6,462	$	21,214	$	20,390

Premiums earned	$	6,972	$	6,862	$	6,770	$	6,745	$	6,696	$	6,666	$	6,630	$	20,604	$	19,992
Claims and claims expense		(4,292)		(4,738)		(4,457)		(5,038)		(4,251)		(4,808)		(4,336)		(13,487)		(13,395)
Amortization of deferred policy acquisition costs		(929)		(890)		(871)		(870)		(870)		(865)		(878)		(2,690)		(2,613)
Operating costs and expenses		(911)		(942)		(956)		(940)		(865)		(845)		(884)		(2,809)		(2,594)
Restructuring and related charges		(9)		(19)		(24)		(9)		(9)		(10)		(6)		(52)		(25)
Underwriting income (loss)	$	831	$	273	$	462	$	(112)	$	701	$	138	$	526	$	1,566	$	1,365

Catastrophe losses	$	128	$	647	$	359	$	1,061	$	206	$	819	$	259	$	1,134	$	1,284

Operating ratios
Loss ratio		61.6		69.0		65.9		74.7		63.5		72.1		65.4		65.5		67.0
Expense ratio		26.5		27.0		27.3		27.0		26.0		25.8		26.7		26.9		26.2
Combined ratio		88.1		96.0		93.2		101.7		89.5		97.9		92.1		92.4		93.2

Effect of catastrophe losses on combined ratio		1.8		9.4		5.3		15.7		3.1		12.3		3.9		5.5		6.4

Effect of restructuring and related charges on combined ratio		0.1		0.3		0.4		0.1		0.1		0.2		0.1		0.3		0.1

Effect of business combination expenses and the amortization of purchased intangible assets on combined ratio		0.3		0.3		0.3		0.4		0.4		0.4		0.7		0.3		0.5

Discontinued Lines and Coverages Underwriting Summary
Premiums written	$	-	$	-	$	-	$	1	$	(1)	$	-	$	1	$	-	$	-

Premiums earned	$	-	$	-	$	-	$	(1)	$	1	$	-	$	-	$	-	$	1
Claims and claims expense		(135)		(3)		(3)		(4)		(42)		(2)		(3)		(141)		(47)
Operating costs and expenses		1		(1)		(1)		1		(1)		(2)		-		(1)		(3)
Underwriting loss	$	(134)	$	(4)	$	(4)	$	(4)	$	(42)	$	(4)	$	(3)	$	(142)	$	(49)

Effect of Discontinued Lines and Coverages on the Property-Liability combined ratio		1.9		0.1		-		-		0.7		0.1		-		0.7		0.2

THE ALLSTATE CORPORATION

PROPERTY-LIABILITY PREMIUMS WRITTEN BY MARKET SEGMENT

($ in millions)

	Three months ended															Nine months ended

		Sept. 30,		June 30,		March 31,		Dec. 31,		Sept. 30,		June 30,		March 31,		Sept. 30,		Sept. 30,
		2013		2013		2013		2012		2012		2012		2012		2013		2012

Allstate brand (1)
Standard auto	$	4,119	$	4,012	$	3,983	$	3,872	$	3,988	$	3,903	$	3,937	$	12,114	$	11,828
Non-standard auto		161		158		172		159		176		174		189		491		539
Auto		4,280		4,170		4,155		4,031		4,164		4,077		4,126		12,605		12,367

Involuntary auto		10		13		17		15		17		21		20		40		58
Commercial lines		114		121		112		112		110		120		112		347		342
Homeowners		1,779		1,693		1,268		1,477		1,686		1,639		1,258		4,740		4,583
Other personal lines		568		544		464		467		508		494		435		1,576		1,437
		6,751		6,541		6,016		6,102		6,485		6,351		5,951		19,308		18,787

Encompass brand
Standard auto		172		167		147		153		163		160		142		486		465
Involuntary auto		1		2		2		1		2		3		2		5		7
Homeowners		129		120		97		101		108		104		85		346		297
Other personal lines		27		26		21		23		24		22		20		74		66
		329		315		267		278		297		289		249		911		835

Esurance brand
Standard auto		357		294		342		256		282		224		262		993		768
Other personal lines		1		1		-		-		-		-		-		2		-
		358		295		342		256		282		224		262		995		768

Allstate Protection		7,438		7,151		6,625		6,636		7,064		6,864		6,462		21,214		20,390

Discontinued Lines and Coverages		-		-		-		1		(1)		-		1		-		-

Property-Liability	$	7,438	$	7,151	$	6,625	$	6,637	$	7,063	$	6,864	$	6,463	$	21,214	$	20,390



Allstate Protection
Standard auto	$	4,648	$	4,473	$	4,472	$	4,281	$	4,433	$	4,287	$	4,341	$	13,593	$	13,061
Non-standard auto		161		158		172		159		176		174		189		491		539
Auto		4,809		4,631		4,644		4,440		4,609		4,461		4,530		14,084		13,600

Involuntary auto		11		15		19		16		19		24		22		45		65
Commercial lines		114		121		112		112		110		120		112		347		342
Homeowners		1,908		1,813		1,365		1,578		1,794		1,743		1,343		5,086		4,880
Other personal lines		596		571		485		490		532		516		455		1,652		1,503

	$	7,438	$	7,151	$	6,625	$	6,636	$	7,064	$	6,864	$	6,462	$	21,214	$	20,390

(1) Canada premiums included in Allstate brand	$	297	$	319	$	235	$	253	$	279	$	291	$	218	$	851	$	788

THE ALLSTATE CORPORATION

ALLSTATE BRAND PREMIUMS WRITTEN (1)

($ in millions)

	Three months ended															Nine months ended


		Sept. 30,		June 30,		March 31,		Dec. 31,		Sept. 30,		June 30,		March 31,		Sept. 30,		Sept. 30,
		2013		2013		2013		2012		2012		2012		2012		2013		2012


Allstate Auto Home and Agencies
Standard auto	$	4,057	$	3,930	$	3,931	$	3,833	$	3,932	$	3,828	$	3,887	$	11,918	$	11,647
Non-standard auto		157		151		168		155		170		167		185		476		522
Auto		4,214		4,081		4,099		3,988		4,102		3,995		4,072		12,394		12,169

Involuntary auto		10		13		17		15		17		21		20		40		58
Homeowners		1,779		1,693		1,268		1,477		1,686		1,639		1,258		4,740		4,583
Other personal lines		11		13		9		9		12		12		8		33		32
		6,014		5,800		5,393		5,489		5,817		5,667		5,358		17,207		16,842

Emerging Businesses (2)
Specialty auto (3)	$	66	$	89	$	56	$	43	$	62	$	82	$	54	$	211	$	198

Landlord		143		135		124		137		140		132		123		402		395
Renters		69		59		53		52		62		54		50		181		166
Condominium		58		55		45		47		50		49		41		158		140
Other property		126		131		100		102		126		136		100		357		362
Specialty property		396		380		322		338		378		371		314		1,098		1,063

Consumer household (4)		462		469		378		381		440		453		368		1,309		1,261

Allstate Roadside Services		91		88		82		75		74		71		76		261		221
Allstate Dealer Services		70		63		51		45		44		40		37		184		121
Other personal lines(5)		557		531		455		458		496		482		427		1,543		1,405

Commercial lines		114		121		112		112		110		120		112		347		342
		737		741		623		613		668		684		593		2,101		1,945

Allstate brand(1)
Standard auto	$	4,119	$	4,012	$	3,983	$	3,872	$	3,988	$	3,903	$	3,937	$	12,114	$	11,828
Non-standard auto		161		158		172		159		176		174		189		491		539
Auto		4,280		4,170		4,155		4,031		4,164		4,077		4,126		12,605		12,367

Involuntary auto		10		13		17		15		17		21		20		40		58
Commercial lines		114		121		112		112		110		120		112		347		342
Homeowners		1,779		1,693		1,268		1,477		1,686		1,639		1,258		4,740		4,583
Other personal lines		568		544		464		467		508		494		435		1,576		1,437
	$	6,751	$	6,541	$	6,016	$	6,102	$	6,485	$	6,351	$	5,951	$	19,308	$	18,787

(1) Allstate brand is comprised of Allstate Auto Home and Agencies and Emerging Businesses.

(2) Emerging Businesses include Consumer Household (specialty auto products including motorcycle, trailer, motor home and off-road vehicle insurance policies and specialty property products including renter, landlord, boat, umbrella, manufactured home and condominium insurance policies), Allstate Roadside Services (roadside assistance products), Allstate Dealer Services (guaranteed automobile protection and vehicle service products sold primarily through auto dealers), Ivantage (insurance agency) and Commercial Lines (commercial products for small business owners).

(3) Specialty auto is reported in Allstate brand auto.

(4) Consumer household includes specialty auto and specialty property.

(5) Emerging Businesses other personal lines include specialty property, Allstate Roadside Services and Allstate Dealer Services.

THE ALLSTATE CORPORATION

PROPERTY-LIABILITY

IMPACT OF NET RATE CHANGES APPROVED ON PREMIUMS WRITTEN

	Three months ended			Three months ended				Three months ended
	September 30, 2013 (1)			June 30, 2013				March 31, 2013

	Number of		State	Number of			State	Number of		State
	states	Countrywide (%) (4)	specific (%) (5)	states		Countrywide (%) (4)	specific (%) (5)	states	Countrywide (%) (4)	specific (%) (5)
Allstate brand
Standard auto (2)	10	0.7	3.1	14		0.1	0.5	12	0.3	1.8
Non-standard auto	3	0.3	4.8	1		-	6.0	3	0.1	3.2
Auto	12	0.7	3.1	15		0.1	0.5	15	0.3	1.8
Homeowners (3)	3	0.3	6.8	8		0.5	6.2	16	1.3	4.8

Encompass brand
Standard auto	9	1.4	5.7	14		1.6	4.8	5	0.8	5.6
Homeowners	11	1.4	6.9	15		1.9	4.8	3	1.4	7.0

Esurance brand
Standard auto	14	1.1	5.2	15		1.7	4.7	11	0.9	4.2

	Three months ended			Three months ended				Three months ended
	December 31, 2012			September 30, 2012				June 30, 2012

	Number of		State	Number of			State	Number of		State
	states	Countrywide (%) (4)	specific (%) (5)	states		Countrywide (%) (4)	specific (%) (5)	states	Countrywide (%) (4)	specific (%) (5)
Allstate brand
Standard auto (2)	15	0.8	2.9	13		0.3	1.8	19	1.5	4.4
Non-standard auto	4	0.4	5.9	4		0.2	5.8	1	0.3	7.5
Auto	17	0.8	3.0	15		0.3	1.8	19	1.4	4.4
Homeowners (3)	20	2.3	6.2	10		0.8	7.3	7	1.2	10.2

Encompass brand
Standard auto	21	1.7	4.3	3		0.7	4.5	14	1.6	4.2
Homeowners	20	3.0	5.8	5	(6)	0.3	2.5	14	1.8	5.4

Esurance brand
Standard auto	21	2.0	4.4	7		1.2	4.2	23	(0.1)	(0.1)

(1) Rate changes include changes approved based on our net cost of reinsurance. These rate changes do not reflect initial rates filed for insurance subsidiaries initially writing business. Based on historical premiums written in those states, rate changes approved for the three month period ending September 30, 2013 are estimated to total $155 million. Rate changes do not include rating plan enhancements, including the introduction of discounts and surcharges, that result in no change in the overall rate level in the state. Rate changes also exclude Canadian operations, specialty auto, and excess and surplus homeowners lines.

(2) Impacts of Allstate brand standard auto effective rate changes as a percentage of total countrywide prior year-end premiums written were 0.7%, 0.2%, 0.5%, 0.6%, 1.1% and 0.9% for the three months ended September 30, 2013, June 30, 2013, March 31, 2013, December 31, 2012, September 30, 2012 and June 30, 2012, respectively.

(3) Impacts of Allstate brand homeowners effective rate changes as a percentage of total countrywide prior year-end premiums written were 0.3%, 1.2%, 1.7%, 1.0%, 0.7% and 2.0% for the three months ended September 30, 2013, June 30, 2013, March 31, 2013, December 31, 2012, September 30, 2012 and June 30, 2012, respectively.

(4) Represents the impact in the states where rate changes were approved during the period as a percentage of total countrywide prior year-end premiums written.

(5) Represents the impact in the states where rate changes were approved during the period as a percentage of its respective total prior year-end premiums written in those states.

(6) Includes Washington, D.C.

THE ALLSTATE CORPORATION

ALLSTATE BRAND PROFITABILITY MEASURES

($ in millions, except ratios)

	Three months ended															Nine months ended

		Sept. 30,		June 30,		March 31,		Dec. 31,		Sept. 30,		June 30,		March 31,		Sept. 30,		Sept. 30,
		2013		2013		2013		2012		2012		2012		2012		2013		2012

Net premiums written	$	6,751	$	6,541	$	6,016	$	6,102	$	6,485	$	6,351	$	5,951	$	19,308	$	18,787

Net premiums earned
Standard auto	$	4,003	$	3,965	$	3,927	$	3,921	$	3,910	$	3,909	$	3,897	$	11,895	$	11,716
Non-standard auto		162		168		167		171		177		184		183		497		544
Auto		4,165		4,133		4,094		4,092		4,087		4,093		4,080		12,392		12,260
Homeowners		1,568		1,525		1,516		1,514		1,499		1,487		1,480		4,609		4,466
Other personal lines		622		608		599		600		591		583		583		1,829		1,757
Total		6,355		6,266		6,209		6,206		6,177		6,163		6,143		18,830		18,483

Incurred losses
Standard auto	$	2,769	$	2,736	$	2,670	$	2,988	$	2,617	$	2,734	$	2,713	$	8,175	$	8,064
Non-standard auto		88		107		104		104		103		112		123		299		338
Auto		2,857		2,843		2,774		3,092		2,720		2,846		2,836		8,474		8,402
Homeowners		645		1,084		914		1,045		735		1,218		836		2,643		2,789
Other personal lines		351		357		355		429		416		369		314		1,063		1,099
Total		3,853		4,284		4,043		4,566		3,871		4,433		3,986		12,180		12,290

Expenses
Standard auto	$	1,029	$	1,028	$	1,029	$	1,001	$	977	$	1,000	$	998	$	3,086	$	2,975
Non-standard auto		39		41		39		45		43		42		44		119		129
Auto		1,068		1,069		1,068		1,046		1,020		1,042		1,042		3,205		3,104
Homeowners		379		368		376		377		358		342		351		1,123		1,051
Other personal lines		189		204		207		216		182		164		178		600		524
Total		1,636		1,641		1,651		1,639		1,560		1,548		1,571		4,928		4,679

Underwriting income (loss)
Standard auto	$	205	$	201	$	228	$	(68)	$	316	$	175	$	186	$	634	$	677
Non-standard auto		35		20		24		22		31		30		16		79		77
Auto		240		221		252		(46)		347		205		202		713		754
Homeowners		544		73		226		92		406		(73)		293		843		626
Other personal lines		82		47		37		(45)		(7)		50		91		166		134
Total		866		341		515		1		746		182		586		1,722		1,514

Loss ratio		60.6		68.4		65.1		73.6		62.7		71.9		64.9		64.7		66.5
Expense ratio		25.8		26.2		26.6		26.4		25.2		25.1		25.6		26.2		25.3
Combined ratio		86.4		94.6		91.7		100.0		87.9		97.0		90.5		90.9		91.8

Effect of catastrophe losses on combined ratio		1.7		9.8		5.5		15.5		3.1		12.9		4.1		5.7		6.7

Effect of prior year reserve reestimates on combined ratio		(1.4)		(0.9)		(0.6)		(2.2)		(2.9)		(2.5)		(3.3)		(1.0)		(2.9)

Effect of business combination expenses and the amortization of purchased intangible assets on combined ratio		0.1		0.1		0.1		0.1		0.1		0.1		0.1		0.1		0.1

Effect of advertising expenses on combined ratio		2.7		3.2		2.7		2.5		2.4		2.9		3.1		2.9		2.8

Combined ratio excluding the effect of catastrophes, prior year reserve reestimates, business combination expenses, and the amortization of purchased intangible assets (“underlying”)		85.4		85.4		86.2		85.3		86.7		85.1		87.0		85.6		86.2
Effect of catastrophe losses		1.7		9.8		5.5		15.5		3.1		12.9		4.1		5.7		6.7
Effect of prior year non-catastrophe reserve reestimates		(0.8)		(0.7)		(0.1)		(0.9)		(2.0)		(1.1)		(0.7)		(0.5)		(1.2)
Effect of business combination expenses and the amortization of purchased intangible assets		0.1		0.1		0.1		0.1		0.1		0.1		0.1		0.1		0.1
Combined ratio		86.4		94.6		91.7		100.0		87.9		97.0		90.5		90.9		91.8

THE ALLSTATE CORPORATION

ENCOMPASS BRAND PROFITABILITY MEASURES

($ in millions, except ratios)

	Three months ended															Nine months ended

		Sept. 30,		June 30,		March 31,		Dec. 31,		Sept. 30,		June 30,		March 31,		Sept. 30,		Sept. 30,
		2013		2013		2013		2012		2012		2012		2012		2013		2012

Net premiums written	$	329	$	315	$	267	$	278	$	297	$	289	$	249	$	911	$	835

Net premiums earned
Standard auto	$	158	$	158	$	155	$	153	$	152	$	153	$	151	$	471	$	456
Non-standard auto		-		-		-		-		-		-		-		-		-
Auto		158		158		155		153		152		153		151		471		456
Homeowners		111		105		100		98		96		93		92		316		281
Other personal lines		26		24		25		24		23		23		23		75		69
Total		295		287		280		275		271		269		266		862		806

Incurred losses
Standard auto	$	112	$	117	$	117	$	118	$	121	$	125	$	118	$	346	$	364
Non-standard auto		-		-		-		(2)		(2)		-		-		-		(2)
Auto		112		117		117		116		119		125		118		346		362
Homeowners		63		69		62		121		56		62		51		194		169
Other personal lines		13		21		20		20		13		10		20		54		43
Total		188		207		199		257		188		197		189		594		574

Expenses
Standard auto	$	47	$	48	$	47	$	47	$	45	$	42	$	43	$	142	$	130
Non-standard auto		-		-		-		1		-		-		-		-		-
Auto		47		48		47		48		45		42		43		142		130
Homeowners		34		33		32		31		30		28		28		99		86
Other personal lines		7		6		8		6		7		7		5		21		19
Total		88		87		87		85		82		77		76		262		235

Underwriting income (loss)
Standard auto	$	(1)	$	(7)	$	(9)	$	(12)	$	(14)	$	(14)	$	(10)	$	(17)	$	(38)
Non-standard auto		-		-		-		1		2		-		-		-		2
Auto		(1)		(7)		(9)		(11)		(12)		(14)		(10)		(17)		(36)
Homeowners		14		3		6		(54)		10		3		13		23		26
Other personal lines		6		(3)		(3)		(2)		3		6		(2)		-		7
Total		19		(7)		(6)		(67)		1		(5)		1		6		(3)

Loss ratio		63.7		72.1		71.1		93.5		69.4		73.3		71.0		68.9		71.2
Expense ratio		29.9		30.3		31.0		30.9		30.2		28.6		28.6		30.4		29.2
Combined ratio		93.6		102.4		102.1		124.4		99.6		101.9		99.6		99.3		100.4

Effect of catastrophe losses on combined ratio		5.8		10.1		4.6		34.9		5.5		6.7		2.6		6.8		5.0

Effect of prior year reserve reestimates on combined ratio		(5.1)		(1.4)		(0.7)		(8.4)		(3.7)		(3.7)		(0.8)		(2.4)		(2.7)

Effect of advertising expenses on combined ratio		-		0.7		0.7		0.7		-		0.4		0.8		0.5		0.4

Combined ratio excluding the effect of catastrophes and prior year reserve reestimates (“underlying”)		92.5		92.7		97.9		97.1		93.4		97.0		96.6		94.3		95.7
Effect of catastrophe losses		5.8		10.1		4.6		34.9		5.5		6.7		2.6		6.8		5.0
Effect of prior year non-catastrophe reserve reestimates		(4.7)		(0.4)		(0.4)		(7.6)		0.7		(1.8)		0.4		(1.8)		(0.3)
Combined ratio		93.6		102.4		102.1		124.4		99.6		101.9		99.6		99.3		100.4

THE ALLSTATE CORPORATION

ESURANCE BRAND PROFITABILITY MEASURES AND STATISTICS

		Three months ended														Nine months ended

		Sept. 30,		June 30,		March 31,		Dec. 31,		Sept. 30,		June 30,		March 31,		Sept. 30,		Sept. 30,
($ in millions)		2013		2013		2013		2012		2012		2012		2012		2013		2012

Net premiums written	$	358	$	295	$	342	$	256	$	282	$	224	$	262	$	995	$	768

Net premiums earned
Standard auto	$	322	$	308	$	281	$	264	$	248	$	234	$	221	$	911	$	703
Other personal lines		-		1		-		-		-		-		-		1		-
		322		309		281		264		248		234		221		912		703

Incurred losses
Standard auto	$	251	$	246	$	215	$	215	$	192	$	178	$	161	$	712	$	531
Other personal lines		-		1		-		-		-		-		-		1		-
		251		247		215		215		192		178		161		713		531

Expenses
Standard auto	$	125	$	122	$	113	$	95	$	102	$	95	$	121	$	360	$	318
Other personal lines		-		1		-		-		-		-		-		1		-
		125		123		113		95		102		95		121		361		318

Underwriting loss
Standard auto	$	(54)	$	(60)	$	(47)	$	(46)	$	(46)	$	(39)	$	(61)	$	(161)	$	(146)
Other personal lines		-		(1)		-		-		-		-		-		(1)		-
		(54)		(61)		(47)		(46)		(46)		(39)		(61)		(162)		(146)

Loss ratio		78.0		79.9		76.5		81.4		77.4		76.1		72.8		78.2		75.5
Expense ratio		38.8		39.8		40.2		36.0		41.1		40.6		54.8		39.6		45.3
Combined ratio		116.8		119.7		116.7		117.4		118.5		116.7		127.6		117.8		120.8

Effect of catastrophe losses on combined ratio		0.6		1.6		1.1		2.3		0.8		2.6		0.4		1.1		1.3

Effect of prior year reserve reestimates on combined ratio		-		-		-		-		-		-		-		-		-

Effect of business combination expenses and the amortization of purchased intangible assets on combined ratio		4.7		5.2		5.3		7.2		8.1		8.1		18.1		5.0		11.2

Effect of advertising expenses on combined ratio		14.6		16.2		16.0		9.5		16.5		16.2		20.4		15.6		17.6

Combined ratio excluding the effect of catastrophes, prior year reserve reestimates, business combination expenses, and the amortization of purchased intangible assets (“underlying”)		111.5		112.9		110.3		107.9		109.6		106.0		109.1		111.7		108.3
Effect of catastrophe losses		0.6		1.6		1.1		2.3		0.8		2.6		0.4		1.1		1.3
Effect of prior year non-catastrophe reserve reestimates		-		-		-		-		-		-		-		-		-

Effect of business combination expenses and the amortization of purchased intangible assets		4.7		5.2		5.3		7.2		8.1		8.1		18.1		5.0		11.2
Combined ratio		116.8		119.7		116.7		117.4		118.5		116.7		127.6		117.8		120.8

Policies in Force (in thousands)
Standard auto		1,254		1,207		1,151		1,029		962		892		849		1,254		962
Other personal lines		16		11		7		2		-		-		-		16		-
		1,270		1,218		1,158		1,031		962		892		849		1,270		962

New Issued Applications (in thousands)
Standard auto		188		175		222		164		172		130		139		585		441
Other personal lines		5		6		5		2		-		-		-		16		-
		193		181		227		166		172		130		139		601		441

Average Premium - Gross Written ($)
Standard auto		480		481		494		484		485		490		508		485		496

Renewal Ratio (%)
Standard auto		79.9		81.7		81.2		80.1		79.7		81.9		80.5		80.9		80.6

Impact of Esurance brand on Allstate Protection combined ratio		0.8		0.9		0.7		0.7		0.7		0.6		0.9		0.8		0.7

Impact of Esurance brand on Allstate Protection expense ratio		1.8		1.8		1.7		1.4		1.5		1.4		1.8		1.8		1.6

THE ALLSTATE CORPORATION

STANDARD AUTO PROFITABILITY MEASURES

		Three months ended														Nine months ended

		Sept. 30,		June 30,		March 31,		Dec. 31,		Sept. 30,		June 30,		March 31,		Sept. 30,		Sept. 30,
($ in millions)		2013		2013		2013		2012		2012		2012		2012		2013		2012

Net premiums written
Allstate brand	$	4,119	$	4,012	$	3,983	$	3,872	$	3,988	$	3,903	$	3,937	$	12,114	$	11,828
Encompass brand		172		167		147		153		163		160		142		486		465
Esurance brand		357		294		342		256		282		224		262		993		768
		4,648		4,473		4,472		4,281		4,433		4,287		4,341		13,593		13,061
Net premiums earned
Allstate brand	$	4,003	$	3,965	$	3,927	$	3,921	$	3,910	$	3,909	$	3,897	$	11,895	$	11,716
Encompass brand		158		158		155		153		152		153		151		471		456
Esurance brand		322		308		281		264		248		234		221		911		703
		4,483		4,431		4,363		4,338		4,310		4,296		4,269		13,277		12,875
Incurred losses
Allstate brand	$	2,769	$	2,736	$	2,670	$	2,988	$	2,617	$	2,734	$	2,713	$	8,175	$	8,064
Encompass brand		112		117		117		118		121		125		118		346		364
Esurance brand		251		246		215		215		192		178		161		712		531
		3,132		3,099		3,002		3,321		2,930		3,037		2,992		9,233		8,959
Expenses
Allstate brand	$	1,029	$	1,028	$	1,029	$	1,001	$	977	$	1,000	$	998	$	3,086	$	2,975
Encompass brand		47		48		47		47		45		42		43		142		130
Esurance brand		125		122		113		95		102		95		121		360		318
		1,201		1,198		1,189		1,143		1,124		1,137		1,162		3,588		3,423
Underwriting income
Allstate brand	$	205	$	201	$	228	$	(68)	$	316	$	175	$	186	$	634	$	677
Encompass brand		(1)		(7)		(9)		(12)		(14)		(14)		(10)		(17)		(38)
Esurance brand		(54)		(60)		(47)		(46)		(46)		(39)		(61)		(161)		(146)
		150		134		172		(126)		256		122		115		456		493
Loss ratio
Allstate brand		69.2		69.0		68.0		76.2		66.9		69.9		69.6		68.7		68.8
Encompass brand		70.9		74.0		75.5		77.1		79.6		81.7		78.1		73.5		79.8
Esurance brand		78.0		79.9		76.5		81.4		77.4		76.1		72.8		78.2		75.5
Allstate Protection		69.9		69.9		68.8		76.6		68.0		70.7		70.1		69.6		69.6
Expense ratio
Allstate brand		25.7		25.9		26.2		25.5		25.0		25.6		25.6		26.0		25.4
Encompass brand		29.7		30.4		30.3		30.7		29.6		27.5		28.5		30.1		28.5
Esurance brand		38.8		39.6		40.2		36.0		41.1		40.6		54.8		39.5		45.3
Allstate Protection		26.8		27.1		27.3		26.3		26.1		26.5		27.2		27.0		26.6
Combined ratio
Allstate brand		94.9		94.9		94.2		101.7		91.9		95.5		95.2		94.7		94.2
Encompass brand		100.6		104.4		105.8		107.8		109.2		109.2		106.6		103.6		108.3
Esurance brand		116.8		119.5		116.7		117.4		118.5		116.7		127.6		117.7		120.8
Allstate Protection		96.7		97.0		96.1		102.9		94.1		97.2		97.3		96.6		96.2
Effect of catastrophe losses on combined ratio
Allstate brand		0.9		1.9		1.1		9.3		1.3		3.9		1.2		1.3		2.1
Encompass brand		1.9		0.6		(0.6)		9.8		1.3		2.6		0.7		0.6		1.5
Esurance brand		0.6		1.6		1.1		2.3		0.8		2.6		0.4		1.1		1.3
Effect of prior year reserve reestimates on combined ratio
Allstate brand		(0.5)		(1.7)		(1.6)		(1.7)		(3.2)		(2.0)		(1.2)		(1.3)		(2.2)
Encompass brand		(7.6)		(3.2)		(3.9)		(14.4)		0.7		-		0.7		(4.9)		0.4
Esurance brand		-		-		-		-		-		-		-		-		-
Effect of business combination expenses and the amortization of purchased intangible assets on combined ratio
Esurance brand		4.7		5.2		5.3		7.2		8.1		8.1		18.1		5.0		11.2
Allstate brand combined ratio excluding the effect of catastrophes and prior year reserve reestimates (“underlying”)		94.6		94.2		93.5		94.0		93.7		93.4		94.9		94.1		94.0
Effect of catastrophe losses on combined ratio		0.9		1.9		1.1		9.3		1.3		3.9		1.2		1.3		2.1
Effect of prior year non-catastrophe reserve reestimates on combined ratio		(0.6)		(1.2)		(0.4)		(1.6)		(3.1)		(1.8)		(0.9)		(0.7)		(1.9)
Allstate brand combined ratio		94.9		94.9		94.2		101.7		91.9		95.5		95.2		94.7		94.2
Effect of catastrophe losses included in prior year reserve reestimates on combined ratio		0.1		(0.5)		(1.2)		(0.1)		(0.1)		(0.2)		(0.3)		(0.6)		(0.3)

THE ALLSTATE CORPORATION

ALLSTATE BRAND STANDARD AUTO LOSS RATIO OF TOP 5 STATES

	Three months ended							Nine months ended

	Sept. 30,	June 30,	March 31,	Dec. 31,	Sept. 30,	June 30,	March 31,	Sept. 30,	Sept. 30,
	2013	2013	2013	2012	2012	2012	2012	2013	2012

Allstate brand standard auto loss ratio (1)
California	76.6	76.1	72.1	71.2	68.8	71.6	78.4	75.0	72.9
Florida	70.8	69.7	69.7	72.5	65.6	66.6	71.3	70.1	67.9
New York (2)	74.3	64.7	70.6	135.2	67.8	67.7	65.2	69.9	66.9
Pennsylvania	70.6	70.7	70.1	71.0	71.9	70.3	72.7	70.5	71.6
Texas	63.9	77.4	65.8	66.8	62.5	81.5	74.5	69.0	72.8

All other states & Canada	67.5	67.2	67.9	68.8	67.0	68.7	67.6	67.0	67.7

Total Allstate brand standard auto	69.2	69.0	68.0	76.2	66.9	69.9	69.6	68.7	68.8

(1) Loss ratios include prior year reserve reestimates.

(2) Excluding the impact of Sandy, loss ratio in New York for the three months ended December 31, 2012 was 71.0.

THE ALLSTATE CORPORATION

NON-STANDARD AUTO PROFITABILITY MEASURES

		Three months ended														Nine months ended

		Sept. 30,		June 30,		March 31,		Dec. 31,		Sept. 30,		June 30,		March 31,		Sept. 30,		Sept. 30,
($ in millions)		2013		2013		2013		2012		2012		2012		2012		2013		2012

Net premiums written
Allstate brand	$	161	$	158	$	172	$	159	$	176	$	174	$	189	$	491	$	539
Encompass brand		-		-		-		-		-		-		-		-		-
		161		158		172		159		176		174		189		491		539
Net premiums earned
Allstate brand	$	162	$	168	$	167	$	171	$	177	$	184	$	183	$	497	$	544
Encompass brand		-		-		-		-		-		-		-		-		-
		162		168		167		171		177		184		183		497		544
Incurred losses
Allstate brand	$	88	$	107	$	104	$	104	$	103	$	112	$	123	$	299	$	338
Encompass brand		-		-		-		(2)		(2)		-		-		-		(2)
		88		107		104		102		101		112		123		299		336
Expenses
Allstate brand	$	39	$	41	$	39	$	45	$	43	$	42	$	44	$	119	$	129
Encompass brand		-		-		-		1		-		-		-		-		-
		39		41		39		46		43		42		44		119		129
Underwriting income
Allstate brand	$	35	$	20	$	24	$	22	$	31	$	30	$	16	$	79	$	77
Encompass brand		-		-		-		1		2		-		-		-		2
		35		20		24		23		33		30		16		79		79
Loss ratio
Allstate brand		54.3		63.7		62.3		60.8		58.2		60.9		67.2		60.2		62.1
Encompass brand		-		-		-		-		-		-		-		-		-
Allstate Protection		54.3		63.7		62.3		59.6		57.1		60.9		67.2		60.2		61.8
Expense ratio
Allstate brand		24.1		24.4		23.3		26.3		24.3		22.8		24.1		23.9		23.7
Encompass brand		-		-		-		-		-		-		-		-		-
Allstate Protection		24.1		24.4		23.3		26.9		24.3		22.8		24.1		23.9		23.7
Combined ratio
Allstate brand		78.4		88.1		85.6		87.1		82.5		83.7		91.3		84.1		85.8
Encompass brand		-		-		-		-		-		-		-		-		-
Allstate Protection		78.4		88.1		85.6		86.5		81.4		83.7		91.3		84.1		85.5
Effect of catastrophe losses on combined ratio
Allstate brand		-		1.8		0.6		0.6		1.1		1.6		-		0.8		0.9
Encompass brand		-		-		-		-		-		-		-		-		-
Effect of prior year reserve reestimates on combined ratio
Allstate brand		(8.0)		(4.2)		(0.6)		(7.0)		(4.5)		(1.6)		-		(4.2)		(2.0)
Encompass brand		-		-		-		-		-		-		-		-		-

THE ALLSTATE CORPORATION

AUTO PROFITABILITY MEASURES

		Three months ended														Nine months ended

		Sept. 30,		June 30,		March 31,		Dec. 31,		Sept. 30,		June 30,		March 31,		Sept. 30,		Sept. 30,
($ in millions)		2013		2013		2013		2012		2012		2012		2012		2013		2012

Net premiums written
Allstate brand	$	4,280	$	4,170	$	4,155	$	4,031	$	4,164	$	4,077	$	4,126	$	12,605	$	12,367
Encompass brand		172		167		147		153		163		160		142		486		465
Esurance brand		357		294		342		256		282		224		262		993		768
		4,809		4,631		4,644		4,440		4,609		4,461		4,530		14,084		13,600
Net premiums earned
Allstate brand	$	4,165	$	4,133	$	4,094	$	4,092	$	4,087	$	4,093	$	4,080	$	12,392	$	12,260
Encompass brand		158		158		155		153		152		153		151		471		456
Esurance brand		322		308		281		264		248		234		221		911		703
		4,645		4,599		4,530		4,509		4,487		4,480		4,452		13,774		13,419
Incurred losses
Allstate brand	$	2,857	$	2,843	$	2,774	$	3,092	$	2,720	$	2,846	$	2,836	$	8,474	$	8,402
Encompass brand		112		117		117		116		119		125		118		346		362
Esurance brand		251		246		215		215		192		178		161		712		531
		3,220		3,206		3,106		3,423		3,031		3,149		3,115		9,532		9,295
Expenses
Allstate brand	$	1,068	$	1,069	$	1,068	$	1,046	$	1,020	$	1,042	$	1,042	$	3,205	$	3,104
Encompass brand		47		48		47		48		45		42		43		142		130
Esurance brand		125		122		113		95		102		95		121		360		318
		1,240		1,239		1,228		1,189		1,167		1,179		1,206		3,707		3,552
Underwriting income
Allstate brand	$	240	$	221	$	252	$	(46)	$	347	$	205	$	202	$	713	$	754
Encompass brand		(1)		(7)		(9)		(11)		(12)		(14)		(10)		(17)		(36)
Esurance brand		(54)		(60)		(47)		(46)		(46)		(39)		(61)		(161)		(146)
		185		154		196		(103)		289		152		131		535		572
Loss ratio
Allstate brand		68.6		68.8		67.7		75.6		66.5		69.5		69.5		68.4		68.5
Encompass brand		70.9		74.0		75.5		75.8		78.3		81.7		78.1		73.5		79.4
Esurance brand		78.0		79.9		76.5		81.4		77.4		76.1		72.8		78.2		75.5
Allstate Protection		69.3		69.7		68.6		75.9		67.6		70.3		70.0		69.2		69.2
Expense ratio
Allstate brand		25.6		25.9		26.1		25.5		25.0		25.5		25.5		25.8		25.3
Encompass brand		29.7		30.4		30.3		31.4		29.6		27.5		28.5		30.1		28.5
Esurance brand		38.8		39.6		40.2		36.0		41.1		40.6		54.8		39.5		45.3
Allstate Protection		26.7		27.0		27.1		26.4		26.0		26.3		27.1		26.9		26.5
Combined ratio
Allstate brand		94.2		94.7		93.8		101.1		91.5		95.0		95.0		94.2		93.8
Encompass brand		100.6		104.4		105.8		107.2		107.9		109.2		106.6		103.6		107.9
Esurance brand		116.8		119.5		116.7		117.4		118.5		116.7		127.6		117.7		120.8
Allstate Protection		96.0		96.7		95.7		102.3		93.6		96.6		97.1		96.1		95.7
Effect of catastrophe losses on combined ratio
Allstate brand		0.8		1.9		1.1		8.9		1.2		3.8		1.2		1.3		2.1
Encompass brand		1.9		0.6		(0.6)		9.8		1.3		2.6		0.7		0.6		1.5
Esurance brand		0.6		1.6		1.1		2.3		0.8		2.6		0.4		1.1		1.3
Effect of prior year reserve reestimates on combined ratio
Allstate brand		(0.8)		(1.8)		(1.6)		(1.9)		(3.3)		(2.0)		(1.2)		(1.4)		(2.2)
Encompass brand		(7.6)		(3.2)		(3.9)		(15.0)		(0.7)		(0.7)		0.7		(4.9)		(0.2)
Esurance brand		-		-		-		-		-		-		-		-		-
Effect of business combination expenses and the amortization of purchased intangible assets on combined ratio
Esurance brand		4.7		5.2		5.3		7.2		8.1		8.1		18.1		5.0		11.2

THE ALLSTATE CORPORATION

HOMEOWNERS PROFITABILITY MEASURES

		Three months ended														Nine months ended

		Sept. 30,		June 30,		March 31,		Dec. 31,		Sept. 30,		June 30,		March 31,		Sept. 30,		Sept. 30,
($ in millions)		2013		2013		2013		2012		2012		2012		2012		2013		2012

Net premiums written
Allstate brand	$	1,779	$	1,693	$	1,268	$	1,477	$	1,686	$	1,639	$	1,258	$	4,740	$	4,583
Encompass brand		129		120		97		101		108		104		85		346		297
		1,908		1,813		1,365		1,578		1,794		1,743		1,343		5,086		4,880
Net premiums earned
Allstate brand	$	1,568	$	1,525	$	1,516	$	1,514	$	1,499	$	1,487	$	1,480	$	4,609	$	4,466
Encompass brand		111		105		100		98		96		93		92		316		281
		1,679		1,630		1,616		1,612		1,595		1,580		1,572		4,925		4,747
Incurred losses
Allstate brand	$	645	$	1,084	$	914	$	1,045	$	735	$	1,218	$	836	$	2,643	$	2,789
Encompass brand		63		69		62		121		56		62		51		194		169
		708		1,153		976		1,166		791		1,280		887		2,837		2,958
Expenses
Allstate brand	$	379	$	368	$	376	$	377	$	358	$	342	$	351	$	1,123	$	1,051
Encompass brand		34		33		32		31		30		28		28		99		86
		413		401		408		408		388		370		379		1,222		1,137
Underwriting income
Allstate brand	$	544	$	73	$	226	$	92	$	406	$	(73)	$	293	$	843	$	626
Encompass brand		14		3		6		(54)		10		3		13		23		26
		558		76		232		38		416		(70)		306		866		652
Loss ratio
Allstate brand		41.1		71.1		60.3		69.0		49.0		81.9		56.5		57.3		62.5
Encompass brand		56.8		65.7		62.0		123.5		58.3		66.7		55.4		61.4		60.1
Allstate Protection		42.2		70.7		60.4		72.3		49.6		81.0		56.4		57.6		62.3
Expense ratio
Allstate brand		24.2		24.1		24.8		24.9		23.9		23.0		23.7		24.4		23.5
Encompass brand		30.6		31.4		32.0		31.6		31.3		30.1		30.5		31.3		30.6
Allstate Protection		24.6		24.6		25.2		25.3		24.3		23.4		24.1		24.8		24.0
Combined ratio
Allstate brand		65.3		95.2		85.1		93.9		72.9		104.9		80.2		81.7		86.0
Encompass brand		87.4		97.1		94.0		155.1		89.6		96.8		85.9		92.7		90.7
Allstate Protection		66.8		95.3		85.6		97.6		73.9		104.4		80.5		82.4		86.3
Effect of catastrophe losses on combined ratio
Allstate brand		4.7		32.5		18.7		32.0		7.8		40.2		12.6		18.5		20.1
Encompass brand		13.5		23.8		12.0		77.6		13.5		15.1		6.5		16.5		11.7
Effect of prior year reserve reestimates on combined ratio
Allstate brand		(3.3)		1.0		2.6		(5.0)		(4.3)		(3.5)		(7.9)		0.1		(5.2)
Encompass brand		-		(1.0)		1.0		2.0		(8.3)		(4.3)		(2.2)		-		(5.0)
Allstate brand combined ratio excluding the effect of catastrophes and prior year reserve reestimates (“underlying”)		61.8		62.7		65.8		62.4		66.2		64.6		67.0		63.4		66.0
Effect of catastrophe losses on combined ratio		4.7		32.5		18.7		32.0		7.8		40.2		12.6		18.5		20.1
Effect of prior year non-catastrophe reserve reestimates on combined ratio		(1.2)		-		0.6		(0.5)		(1.1)		0.1		0.6		(0.2)		(0.1)
Allstate brand combined ratio		65.3		95.2		85.1		93.9		72.9		104.9		80.2		81.7		86.0
Effect of catastrophe losses included in prior year reserve reestimates on combined ratio		(2.1)		1.0		2.0		(4.5)		(3.2)		(3.6)		(8.5)		0.3		(5.1)

THE ALLSTATE CORPORATION

OTHER PERSONAL LINES PROFITABILITY MEASURES (1)

		Three months ended														Nine months ended

		Sept. 30,		June 30,		March 31,		Dec. 31,		Sept. 30,		June 30,		March 31,		Sept. 30,		Sept. 30,
($ in millions)		2013		2013		2013		2012		2012		2012		2012		2013		2012

Net premiums written
Allstate brand	$	692	$	678	$	593	$	594	$	635	$	635	$	567	$	1,963	$	1,837
Encompass brand		28		28		23		24		26		25		22		79		73
Esurance brand		1		1		-		-		-		-		-		2		-
		721		707		616		618		661		660		589		2,044		1,910

Net premiums earned
Allstate brand	$	622	$	608	$	599	$	600	$	591	$	583	$	583	$	1,829	$	1,757
Encompass brand		26		24		25		24		23		23		23		75		69
Esurance brand		-		1		-		-		-		-		-		1		-
		648		633		624		624		614		606		606		1,905		1,826
Incurred losses
Allstate brand	$	351	$	357	$	355	$	429	$	416	$	369	$	314	$	1,063	$	1,099
Encompass brand		13		21		20		20		13		10		20		54		43
Esurance brand		-		1		-		-		-		-		-		1		-
		364		379		375		449		429		379		334		1,118		1,142
Expenses
Allstate brand	$	189	$	204	$	207	$	216	$	182	$	164	$	178	$	600	$	524
Encompass brand		7		6		8		6		7		7		5		21		19
Esurance brand		-		1		-		-		-		-		-		1		-
		196		211		215		222		189		171		183		622		543
Underwriting income
Allstate brand	$	82	$	47	$	37	$	(45)	$	(7)	$	50	$	91	$	166	$	134
Encompass brand		6		(3)		(3)		(2)		3		6		(2)		-		7
Esurance brand		-		(1)		-		-		-		-		-		(1)		-
		88		43		34		(47)		(4)		56		89		165		141
Loss ratio
Allstate brand		56.4		58.7		59.3		71.5		70.4		63.3		53.9		58.1		62.6
Encompass brand		50.0		87.5		80.0		83.3		56.5		43.5		87.0		72.0		62.3
Esurance brand		-		100.0		-		-		-		-		-		100.0		-
Allstate Protection		56.2		59.9		60.1		71.9		69.9		62.6		55.1		58.7		62.6
Expense ratio
Allstate brand		30.4		33.6		34.5		36.0		30.8		28.1		30.5		32.8		29.8
Encompass brand		26.9		25.0		32.0		25.0		30.5		30.4		21.7		28.0		27.6
Esurance brand		-		100.0		-		-		-		-		-		100.0		-
Allstate Protection		30.2		33.3		34.5		35.6		30.8		28.2		30.2		32.6		29.7
Combined ratio
Allstate brand		86.8		92.3		93.8		107.5		101.2		91.4		84.4		90.9		92.4
Encompass brand		76.9		112.5		112.0		108.3		87.0		73.9		108.7		100.0		89.9
Esurance brand		-		200.0		-		-		-		-		-		200.0		-
Allstate Protection		86.4		93.2		94.6		107.5		100.7		90.8		85.3		91.3		92.3
Effect of catastrophe losses on combined ratio
Allstate brand		-		6.3		2.7		18.0		3.6		7.2		2.9		3.0		4.6
Encompass brand		(3.8)		12.5		8.0		20.8		-		-		-		5.3		-
Esurance brand		-		-		-		-		-		-		-		-		-
Effect of prior year reserve reestimates on combined ratio
Allstate brand		(0.5)		0.2		(2.0)		3.2		2.7		(2.9)		(6.7)		(0.8)		(2.3)
Encompass brand		(11.5)		8.3		12.0		(8.3)		(4.3)		(21.7)		(4.3)		2.7		(10.1)
Esurance brand		-		-		-		-		-		-		-		-		-
Effect of business combination expenses and the amortization of purchased intangible assets on combined ratio
Allstate brand		1.0		0.7		1.0		1.0		1.0		1.2		1.2		0.9		1.1

(1) Other personal lines include commercial, renters, condominium, involuntary auto and other personal lines.

THE ALLSTATE CORPORATION

PROPERTY-LIABILITY POLICIES IN FORCE AND OTHER STATISTICS

		Sept. 30,		June 30,		March 31,		Dec. 31,		Sept. 30,		June 30,		March 31,
		2013		2013		2013		2012		2012		2012		2012

Policies in Force (in thousands) (1)

Allstate brand
Allstate Auto Home and Agencies
Standard auto		17,015		16,938		16,850		16,929		16,941		17,046		17,080
Non-standard auto		479		498		509		508		528		551		570
Auto		17,494		17,436		17,359		17,437		17,469		17,597		17,650
Homeowners		5,828		5,852		5,895		5,974		6,042		6,147		6,259

Canada
Standard auto		634		614		592		580		569		555		541
Non-standard auto		45		47		48		49		49		49		48
Homeowners		249		245		241		239		235		232		230
Involuntary auto		7		9		9		10		10		10		11
Other personal lines		118		116		115		113		112		110		108
		1,053		1,031		1,005		991		975		956		938
Involuntary auto		21		24		25		27		28		29		28
Excess and surplus		20		18		15		13		12		10		9
		24,416		24,361		24,299		24,442		24,526		24,739		24,884
Emerging Businesses (2)
Renters		1,309		1,304		1,304		1,303		1,300		1,283		1,275
Condominium		615		614		614		616		615		616		615
Landlord		742		744		748		752		754		758		764
Other property		1,202		1,204		1,209		1,223		1,230		1,238		1,245
Specialty property		3,868		3,866		3,875		3,894		3,899		3,895		3,899
Standard auto		1,012		994		955		950		953		937		901
Non-standard auto		62		64		66		68		70		73		75
Specialty auto		1,074		1,058		1,021		1,018		1,023		1,010		976
Consumer household		4,942		4,924		4,896		4,912		4,922		4,905		4,875
Commercial lines		295		291		286		283		290		283		281
Allstate Roadside Services		996		997		1,001		1,009		1,025		1,035		1,045
		6,233		6,212		6,183		6,204		6,237		6,223		6,201
Total Allstate brand		30,649		30,573		30,482		30,646		30,763		30,962		31,085
Encompass brand
Standard auto		742		728		714		708		697		687		676
Homeowners		350		341		333		327		320		314		309
Specialty auto		25		24		23		23		22		22		21
Specialty property		121		120		117		116		114		112		111
Involuntary auto		3		4		4		4		5		5		5
Total Encompass brand		1,241		1,217		1,191		1,178		1,158		1,140		1,122


Esurance brand
Standard auto		1,254		1,207		1,151		1,029		962		892		849
Other personal lines (3)		16		11		7		2		-		-		-
Total Esurance brand		1,270		1,218		1,158		1,031		962		892		849

Total Policies in Force		33,160		33,008		32,831		32,855		32,883		32,994		33,056


Other Customer Relationships
Good Hands Roadside Members (in thousands) (4)		1,439		1,272		1,099		870		758		656		569

Non-Proprietary Premiums ($ in millions)
Ivantage (5)	$	1,389	$	1,363	$	1,310	$	1,300	$	1,278	$	1,243	$	1,203
Answer Financial (6)		122		111		126		114		109		104		115

(1)	Policies in Force: Policy counts are based on items rather than customers. A multi-car customer would generate multiple item (policy) counts, even if all cars were insured under one policy. Allstate Dealer Services (guaranteed automobile protection and vehicle service products sold primarily through auto dealers) and Partnership Marketing Group (roadside assistance products) statistics are not included in total policies in force since these are not available. Additionally, non-proprietary products offered by Ivantage (insurance agency) and Answer Financial (independent insurance agency) are not included.
(2)	Emerging Businesses policies in force include statistics for Consumer Household (specialty auto products including motorcycle, trailer, motor home and off-road vehicle insurance policies and specialty property products including renter, landlord, boat, umbrella, manufactured home and condominium insurance policies), Commercial Lines (commercial products for small business owners) and Allstate Roadside Services (roadside assistance products sold by Allstate Motor Club).
(3)	Other personal lines include renter and motorcycle insurance policies for Esurance.
(4)	Membership provides pay on demand access to roadside services. Fees for three months ended September 30, 2013 were $197 thousand.
(5)	Represents non-proprietary premiums under management as of the end of the period related to personal and commercial line products offered by Ivantage when an Allstate product is not available. Premiums under management are recognized on a one month delay. Premiums are estimates and are reported by entities which have brokering arrangements with Allstate. Fees for the three months ended September 30, 2013 were $17.0 million.
(6)	Represents non-proprietary premiums written for the period. Fees for the three months ended September 30, 2013 were $15.3 million.

THE ALLSTATE CORPORATION

ALLSTATE BRAND DOMESTIC OPERATING MEASURES AND STATISTICS (1)

	Three months ended							Nine months ended

	Sept. 30,	June 30,	March 31,	Dec. 31,	Sept. 30,	June 30,	March 31,	Sept. 30,	Sept. 30,
	2013	2013	2013	2012	2012	2012	2012	2013	2012

New Issued Applications (in thousands) (2)
Standard auto	563	529	497	445	460	458	463	1,589	1,381
Non-standard auto	60	58	73	53	56	58	79	191	193
Auto	623	587	570	498	516	516	542	1,780	1,574
Homeowners	169	157	113	109	116	116	101	439	333
Average Premium - Gross Written ($) (3)
Standard auto	459	458	457	455	450	447	447	458	448
Non-standard auto	601	606	601	605	596	601	598	603	598
Auto	463	462	462	460	455	452	452	462	453
Homeowners	1,132	1,123	1,115	1,104	1,096	1,080	1,065	1,124	1,081
Average Premium - Net Earned ($) (4)
Standard auto	443	442	439	437	433	433	431	441	432
Non-standard auto	546	549	550	544	538	545	542	548	542
Auto	446	445	442	440	436	437	434	444	436
Homeowners	1,034	999	983	973	949	925	904	1,005	926
Renewal Ratio (%) (5)
Standard auto	89.7	89.7	89.3	89.0	89.0	89.0	88.7	89.6	88.9
Non-standard auto	70.0	71.0	70.7	70.6	70.1	71.2	69.1	70.6	70.1
Auto	89.1	89.1	88.7	88.4	88.3	88.3	88.0	89.0	88.2
Homeowners	87.8	87.3	87.0	87.5	87.2	87.0	87.4	87.4	87.2
Bodily Injury Claim Frequency
(% change year-over-year)
Standard auto	1.6	(0.5)	(1.5)	(2.1)	(1.2)	1.9	(2.1)	(0.2)	(0.5)
Non-standard auto	0.7	1.4	(2.7)	(4.0)	1.3	3.2	(1.0)	(0.2)	1.2
Auto	1.3	(0.7)	(1.9)	(2.4)	(1.4)	1.6	(2.5)	(0.4)	(0.8)
Property Damage Claim Frequency
(% change year-over-year)
Standard auto	1.1	0.1	(0.2)	(3.7)	(1.2)	1.4	(4.1)	0.4	(1.3)
Non-standard auto	2.7	2.6	(0.7)	(3.7)	(1.9)	0.9	(1.2)	1.4	(0.7)
Auto	1.0	0.1	(0.4)	(3.9)	(1.4)	1.1	(4.3)	0.2	(1.5)
Auto Paid Severity
(% change year-over-year)
Bodily injury	2.7	4.3	7.4	5.2	6.8	3.4	1.2	4.8	3.8
Property damage	0.6	3.7	(1.0)	0.4	3.9	3.0	4.6	1.1	3.9
Homeowners Excluding Catastrophe Losses
(% change year-over-year)
Claim frequency	(0.8)	0.2	1.1	(10.0)	(11.4)	(6.7)	(4.8)	0.2	(7.9)
Claim severity	(3.0)	0.5	(0.5)	6.0	5.8	2.0	(0.4)	(1.0)	2.6

(1)	Measures and statistics presented for Allstate brand exclude the Company’s Canadian operations, specialty auto and excess and surplus lines.
(2)	New Issued Applications: Item counts of automobiles or homeowners insurance applications for insurance policies that were issued during the period, regardless of whether the customer was previously insured by another Allstate Protection market segment. Does not include automobiles that are added by existing customers.
(3)	Average Premium - Gross Written: Gross premiums written divided by issued item count. Gross premiums written include the impacts from discounts, surcharges and ceded reinsurance premiums and exclude the impacts from mid-term premium adjustments and premium refund accruals. Average premiums represent the appropriate policy term for each line, which is 6 months for auto and 12 months for homeowners.
(4)	Average Premium - Net Earned: Earned premium divided by average policies in force for the period. Earned premium includes the impacts from mid-term premium adjustments and ceded reinsurance, but does not include impacts of premium refund accruals. Average premiums represent the appropriate policy term for each line, which is 6 months for auto and 12 months for homeowners.
(5)	Renewal ratio: Renewal policies issued during the period, based on contract effective dates, divided by the total policies issued 6 months prior for auto or 12 months prior for homeowners.

THE ALLSTATE CORPORATION

HOMEOWNERS SUPPLEMENTAL INFORMATION

($ in millions)

		Nine months ended September 30, 2013

													Premium rate changes (3)
														Annual impact of
										Effect of				rate changes
		Earned		Incurred				Catastrophe		catastrophes		Number of	Number of	on state specific
Primary Exposure Groupings (1)		premiums		losses	Loss ratios			losses		on loss ratio		catastrophes	states	premiums written

Florida	$	95	$	52	54.7	%	$	(1	)	-1.1	%
Other hurricane exposure states		2,554		1,349	52.8	%		419		16.4	%
Total hurricane exposure states (2)		2,649		1,401	52.9	%		418		15.8	%		15	5.5%
Other catastrophe exposure states		2,276		1,436	63.1	%		488		21.4	%		18	5.5%

Total	$	4,925	$	2,837	57.6	%	$	906		18.4	%	61	33	5.5%

(1) Basis of Presentation

This homeowners supplemental information schedule displays financial results for the homeowners business (defined to include standard homeowners, scheduled personal property and other than primary residence lines). Each state in which the Company writes business has been categorized into one of two exposure groupings (Hurricane or Other). Hurricane exposure states are comprised of those states in which hurricanes are the primary catastrophe exposure. However, the catastrophe losses for these states include losses due to other kinds of catastrophes. A catastrophe is defined by Allstate as an event that produces pre-tax losses before reinsurance in excess of $1 million, and involves multiple first party policyholders, or an event that produces a number of claims in excess of a preset per-event threshold of average claims in a specific area, occurring within a certain amount of time following the event.

(2) Hurricane Exposure States

Hurricane exposure states include the following coastal locations: Alabama, Connecticut, Delaware, Florida, Georgia, Louisiana, Maine, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Texas, Virginia and Washington, D.C.

(3) Premium Rate Changes

Represents the impact in the states where rate changes were approved during the year as a percentage of total prior year-end premiums written in those states.

THE ALLSTATE CORPORATION

ALLSTATE PROTECTION CATASTROPHE LOSSES BY MARKET SEGMENT

($ in millions)

	Three months ended																	Nine months ended

		Sept. 30,			June 30,		March 31,			Dec. 31,		Sept. 30,		June 30,		March 31,		Sept. 30,		Sept. 30,
		2013			2013		2013			2012		2012		2012		2012		2013		2012

Allstate brand
Standard auto	$	35		$	76	$	42		$	365	$	49	$	153	$	48	$	153	$	250
Non-standard auto		-			3		1			1		2		3		-		4		5
Auto		35			79		43			366		51		156		48		157		255

Homeowners		74			496		284			485		117		597		186		854		900
Other personal lines		-			38		16			108		21		42		17		54		80
Total Allstate Brand		109			613		343			959		189		795		251		1,065		1,235

Encompass brand
Standard auto		3			1		(1	)		15		2		4		1		3		7
Non-standard auto		-			-		-			-		-		-		-		-		-
Auto		3			1		(1	)		15		2		4		1		3		7

Homeowners		15			25		12			76		13		14		6		52		33
Other personal lines		(1	)		3		2			5		-		-		-		4		-
Total Encompass Brand		17			29		13			96		15		18		7		59		40

Esurance brand
Standard auto		2			5		3			6		2		6		1		10		9
Other personal lines		-			-		-			-		-		-		-				-
Total Esurance Brand		2			5		3			6		2		6		1		10		9

Allstate Protection	$	128		$	647	$	359		$	1,061	$	206	$	819	$	259	$	1,134	$	1,284

Allstate Protection
Standard auto	$	40		$	82	$	44		$	386	$	53	$	163	$	50	$	166	$	266
Non-standard auto		-			3		1			1		2		3		-		4		5
Auto		40			85		45			387		55		166		50		170		271

Homeowners		89			521		296			561		130		611		192		906		933
Other personal lines		(1	)		41		18			113		21		42		17		58		80

	$	128		$	647	$	359		$	1,061	$	206	$	819	$	259	$	1,134	$	1,284

THE ALLSTATE CORPORATION

PROPERTY-LIABILITY

EFFECT OF CATASTROPHE LOSSES ON THE COMBINED RATIO

($ in millions, except ratios)

										Excludes the effect of
										catastrophe losses relating to
										earthquakes and hurricanes
	Effect of all catastrophe losses on the Property-Liability					Premiums		Total		Total		Effect on the
	combined ratio					earned		catastrophe		catastrophe		Property-Liability
	Quarter 1	Quarter 2	Quarter 3	Quarter 4	Year	year-to-date		losses by year		losses by year		combined ratio
2004	1.6	3.8	26.0	6.2	9.5	$	25,989	$	2,468	$	467	1.8
2005	2.5	2.2	69.4	9.6	21.0	27,039		5,674		460		1.7
2006	1.6	3.7	2.5	4.1	3.0	27,369		810		1,044		3.8
2007	2.4	6.3	5.0	7.0	5.2	27,233		1,409		1,336		4.9
2008	8.4	10.3	26.8	3.9	12.4	26,967		3,342		1,876		7.0
2009	7.8	12.5	6.2	5.0	7.9	26,194		2,069		2,159		8.2
2010	10.0	9.8	5.9	8.3	8.5	25,957		2,207		2,272		8.8
2011	5.2	36.2	16.7	1.0	14.7	25,942		3,815		3,298		12.7
2012	3.9	12.3	3.1	15.7	8.8	26,737		2,345		1,324		5.0
2013	5.3	9.4	1.8	-	5.5	20,604		1,134		1,228		6.0

Average	4.8	10.6	16.4	6.8	9.7							5.9

THE ALLSTATE CORPORATION

ALLSTATE PROTECTION CATASTROPHE BY SIZE OF EVENT

($ in millions, except ratios)

Three months ended September 30, 2013
										Average
	Number				Claim and			Combined		catastrophe
Size of catastrophe	of events				claim expense			ratio impact		loss per event
Greater than $250 million	-	-	%	$	-	-	%	-	$	-
$101 million to $250 million	-	-			-	-		-		-
$50 million to $100 million	1	3.8			56	43.8		0.8		56
Less than $50 million	25	96.2			140	109.4		2.0		6
Total	26	100.0	%		196	153.2		2.8		8
Prior year reserve reestimates					(34)	(26.6)		(0.5)
Prior quarter reserve reestimates					(34)	(26.6)		(0.5)
Total catastrophe losses				$	128	100.0	%	1.8

Nine months ended September 30, 2013
										Average
	Number				Claim and			Combined		catastrophe
Size of catastrophe	of events				claim expense			ratio impact		loss per event
Greater than $250 million	-	-	%	$	-	-	%	-	$	-
$101 million to $250 million	2	3.3			300	26.5		1.4		150
$50 million to $100 million	5	8.2			389	34.3		1.9		78
Less than $50 million	54	88.5			529	46.6		2.6		10
Total	61	100.0	%		1,218	107.4		5.9		20
Prior year reserve reestimates					(84)	(7.4)		(0.4)
Total catastrophe losses				$	1,134	100.0	%	5.5

THE ALLSTATE CORPORATION

PROPERTY-LIABILITY

EFFECT OF PRIOR YEAR RESERVE REESTIMATES ON THE COMBINED RATIO

($ in millions, except ratios)

	Three months ended																						Nine months ended

		Sept. 30,			June 30,			March 31,			Dec. 31,			Sept. 30,			June 30,			March 31,			Sept. 30,			Sept. 30,
		2013			2013			2013			2012			2012			2012			2012			2013			2012

Prior Year Reserve Reestimates (1)

Auto	$	(44	)	$	(79	)	$	(70	)	$	(100	)	$	(134	)	$	(83	)	$	(48	)	$	(193	)	$	(265	)
Homeowners		(51	)		15			41			(74	)		(72	)		(56	)		(119	)		5			(247	)
Other personal lines		(6	)		3			(9	)		17			15			(22	)		(40	)		(12	)		(47	)

Allstate Protection		(101	)		(61	)		(38	)		(157	)		(191	)		(161	)		(207	)		(200	)		(559	)

Discontinued Lines and Coverages		135			3			3			3			42			3			3			141			48

Property-Liability	$	34		$	(58	)	$	(35	)	$	(154	)	$	(149	)	$	(158	)	$	(204	)	$	(59	)	$	(511	)

Allstate brand (2)	$	(86	)	$	(57	)	$	(36	)	$	(134	)	$	(181	)	$	(151	)	$	(205	)	$	(179	)	$	(537	)
Encompass brand (2)		(15	)		(4	)		(2	)		(23	)		(10	)		(10	)		(2	)		(21	)		(22	)
Esurance brand		-			-			-			-			-			-			-			-			-

Allstate Protection (2)	$	(101	)	$	(61	)	$	(38	)	$	(157	)	$	(191	)	$	(161	)	$	(207	)	$	(200	)	$	(559	)

Effect of Prior Year Reserve
Reestimates on Combined Ratio (1)(3)

Auto		(0.6	)		(1.2	)		(1.0	)		(1.5	)		(2.0	)		(1.3	)		(0.7	)		(0.9	)		(1.4	)
Homeowners		(0.7	)		0.2			0.6			(1.1	)		(1.1	)		(0.8	)		(1.8	)		-			(1.2	)
Other personal lines		(0.1	)		0.1			(0.2	)		0.3			0.2			(0.3	)		(0.6	)		(0.1	)		(0.2	)

Allstate Protection		(1.4	)		(0.9	)		(0.6	)		(2.3	)		(2.9	)		(2.4	)		(3.1	)		(1.0	)		(2.8	)

Discontinued Lines and Coverages		1.9			0.1			-			-			0.7			-			-			0.7			0.2

Property-Liability		0.5			(0.8	)		(0.6	)		(2.3	)		(2.2	)		(2.4	)		(3.1	)		(0.3	)		(2.6	)

Allstate brand		(1.2	)		(0.8	)		(0.5	)		(2.0	)		(2.7	)		(2.3	)		(3.1	)		(0.9	)		(2.7	)
Encompass brand		(0.2	)		(0.1	)		(0.1	)		(0.3	)		(0.2	)		(0.1	)		-			(0.1	)		(0.1	)
Esurance brand		-			-			-			-			-			-			-			-			-

Allstate Protection		(1.4	)		(0.9	)		(0.6	)		(2.3	)		(2.9	)		(2.4	)		(3.1	)		(1.0	)		(2.8	)

(1) Favorable reserve reestimates are shown in parentheses.

(2) Favorable reserve reestimates included in catastrophe losses for Allstate Brand, Encompass Brand and Allstate Protection totaled $33 million, $1 million and $34 million and $64 million, $12 million and $76 million, respectively, in the three months ended September 30, 2013 and 2012, respectively. Favorable reserve reestimates included in catastrophe losses for Allstate Brand, Encompass Brand and Allstate Protection totaled $79 million, $5 million and $84 million and $310 million, $20 million and $330 million, respectively, in the nine months ended September 30, 2013 and 2012, respectively.

(3) Calculated using Property-Liability premiums earned for the respective period.

THE ALLSTATE CORPORATION

ASBESTOS AND ENVIRONMENTAL RESERVES

($ in millions)

	Three months ended							Twelve months ended December 31,

		Sept. 30,		June 30,		March 31,
		2013		2013		2013		2012		2011		2010		2009		2008
(net of reinsurance)

Asbestos claims
Beginning reserves	$	973	$	1,004	$	1,026	$	1,078	$	1,100	$	1,180	$	1,228	$	1,302
Incurred claims and claims expense		74		-		-		26		26		5		(8)		8
Claims and claims expense paid		(14)		(31)		(22)		(78)		(48)		(85)		(40)		(82)
Ending reserves	$	1,033	$	973	$	1,004	$	1,026	$	1,078	$	1,100	$	1,180	$	1,228

Claims and claims expense paid as a percent of ending reserves		1.4%		3.2%		2.2%		7.6%		4.5%		7.7%		3.4%		6.7%

Environmental claims
Beginning reserves	$	189	$	192	$	193	$	185	$	201	$	198	$	195	$	232
Incurred claims and claims expense		30		-		-		22		-		18		13		-
Claims and claims expense paid		(6)		(3)		(1)		(14)		(16)		(15)		(10)		(37)
Ending reserves	$	213	$	189	$	192	$	193	$	185	$	201	$	198	$	195

Claims and claims expense paid as a percent of ending reserves		2.8%		1.6%		0.5%		7.3%		8.6%		7.5%		5.1%		19.0%

THE ALLSTATE CORPORATION

ALLSTATE FINANCIAL RESULTS

($ in millions)

	Three months ended															Nine months ended

		Sept. 30,		June 30,		March 31,		Dec. 31,		Sept. 30,		June 30,		March 31,		Sept. 30,		Sept. 30,
		2013		2013		2013		2012		2012		2012		2012		2013		2012

Premiums	$	306	$	307	$	303	$	299	$	291	$	291	$	287	$	916	$	869
Contract charges		278		272		276		267		272		268		266		826		806
Net investment income		633		633		635		665		632		663		687		1,901		1,982
Periodic settlements and accruals on non-hedge derivative instruments		2		5		10		10		15		15		15		17		45
Contract benefits		(498)		(471)		(458)		(464)		(453)		(462)		(439)		(1,427)		(1,354)
Interest credited to contractholder funds		(302)		(315)		(336)		(347)		(357)		(362)		(368)		(953)		(1,087)
Amortization of deferred policy acquisition costs		(109)		(65)		(76)		(71)		(117)		(76)		(86)		(250)		(279)
Operating costs and expenses		(132)		(140)		(148)		(152)		(147)		(135)		(142)		(420)		(424)
Restructuring and related charges		(4)		(1)		(2)		-		-		-		-		(7)		-
Income tax expense on operations		(47)		(68)		(60)		(63)		(39)		(64)		(70)		(175)		(173)

Operating income		127		157		144		144		97		138		150		428		385

Realized capital gains and losses, after-tax		(12)		37		12		37		(36)		5		(14)		37		(45)
Valuation changes on embedded derivatives that are not hedged, after-tax		(10)		3		(6)		(6)		97		(3)		(6)		(13)		88
DAC and DSI amortization relating to realized capital gains and losses and valuation changes on embedded derivatives that are not hedged, after-tax		1		(4)		1		(4)		(28)		-		(10)		(2)		(38)
DAC and DSI unlocking relating to realized capital gains and losses, after-tax		7		-		-		-		4		-		-		7		4
Reclassification of periodic settlements and accruals on non-hedge derivative instruments, after-tax		(1)		(4)		(6)		(7)		(9)		(10)		(10)		(11)		(29)
(Loss) gain on disposition of operations, after-tax		(472)		1		1		2		6		2		2		(470)		10

Net (loss) income available to common shareholders	$	(360)	$	190	$	146	$	166	$	131	$	132	$	112	$	(24)	$	375

ALLSTATE FINANCIAL

RETURN ON ATTRIBUTED EQUITY

($ in millions)

	Twelve months ended

		Sept. 30,			June 30,			March 31,			Dec. 31,			Sept. 30,			June 30,			March 31,
		2013			2013			2013			2012			2012			2012			2012
Return on Attributed Equity

Numerator:

Net income available to common shareholders(1)	$	142		$	633		$	575		$	541		$	510		$	571		$	600

Denominator:

Beginning attributed equity (2)	$	8,291		$	7,737		$	7,475		$	7,230		$	7,044		$	6,868		$	6,568
Ending attributed equity		7,819			8,224			8,617			8,446			8,291			7,737			7,475

Average attributed equity (3)	$	8,055		$	7,981		$	8,046		$	7,838		$	7,668		$	7,303		$	7,022

Return on attributed equity		1.8	%		7.9	%		7.1	%		6.9	%		6.7	%		7.8	%		8.5	%

Operating Income Return on Attributed Equity

Numerator:
Operating income (1)	$	572		$	542		$	523		$	529		$	515		$	547		$	544

Denominator:

Beginning attributed equity (2)	$	8,291		$	7,737		$	7,475		$	7,230		$	7,044		$	6,868		$	6,568
Unrealized net capital gains and losses		1,666			1,240			1,073			842			776			792			656
Adjusted ending attributed equity		6,625			6,497			6,402			6,388			6,268			6,076			5,912

Ending attributed equity		7,819			8,224			8,617			8,446			8,291			7,737			7,475
Unrealized net capital gains and losses		1,076			1,120			1,702			1,678			1,666			1,240			1,073
Adjusted ending attributed equity		6,743			7,104			6,915			6,768			6,625			6,497			6,402

Average adjusted attributed equity (3)	$	6,684		$	6,801		$	6,659		$	6,578		$	6,447		$	6,287		$	6,157

Operating income return on attributed equity		8.6	%		8.0	%		7.9	%		8.0	%		8.0	%		8.7	%		8.8	%

(1) Net income available to common shareholders and operating income reflect a trailing twelve-month period.

(2) Allstate Financial attributed equity is the sum of equity for Allstate Life Insurance Company and the applicable equity for American Heritage Life Investment Corporation.

(3) Average attributed equity and average adjusted attributed equity are determined using a two-point average, with the beginning and ending attributed equity and adjusted attributed equity, respectively, for the twelve-month period as data points.

THE ALLSTATE CORPORATION

ALLSTATE FINANCIAL PREMIUMS AND CONTRACT CHARGES

($ in millions)

	Three months ended														Nine months ended

		Sept. 30,		June 30,		March 31,		Dec. 31,		Sept. 30,		June 30,		March 31,		Sept. 30,		Sept. 30,
		2013		2013		2013		2012		2012		2012		2012		2013		2012
PREMIUMS AND CONTRACT CHARGES - BY PRODUCT

Underwritten Products
Traditional life insurance premiums	$	120	$	119	$	116	$	123	$	117	$	117	$	113	$	355	$	347
Accident and health insurance premiums		180		179		180		167		164		160		162		539		486
Interest-sensitive life insurance contract charges		272		268		273		265		267		263		260		813		790
		572		566		569		555		548		540		535		1,707		1,623
Annuities
Immediate annuities with life contingencies premiums		6		9		7		9		10		14		12		22		36
Other fixed annuity contract charges		6		4		3		2		5		5		6		13		16
		12		13		10		11		15		19		18		35		52
Total	$	584	$	579	$	579	$	566	$	563	$	559	$	553	$	1,742	$	1,675

PREMIUMS AND CONTRACT CHARGES - BY DISTRIBUTION CHANNEL

Allstate agencies (1)	$	283	$	281	$	276	$	278	$	261	$	272	$	266	$	840	$	799
Workplace enrolling agents		195		189		188		180		174		170		170		572		514
Other (2)		106		109		115		108		128		117		117		330		362
Total	$	584	$	579	$	579	$	566	$	563	$	559	$	553	$	1,742	$	1,675

PREMIUMS AND CONTRACT CHARGES - BY PRODUCT INCLUDED IN LINCOLN BENEFIT LIFE COMPANY SALE(3)

Underwritten Products
Traditional life insurance premiums	$	4	$	6	$	5	$	7	$	7	$	10	$	6	$	15	$	23
Accident and health insurance premiums		6		5		6		6		6		6		6		17		18
Interest-sensitive life insurance contract charges		71		70		74		69		80		64		67		215		211
		81		81		85		82		93		80		79		247		252
Annuities
Immediate annuities with life contingencies premiums		-		-		-		-		-		-		-		-		-
Other fixed annuity contract charges		2		1		2		1		2		2		2		5		6
		2		1		2		1		2		2		2		5		6
Total	$	83	$	82	$	87	$	83	$	95	$	82	$	81	$	252	$	258

ISSUED LIFE INSURANCE POLICIES BY DISTRIBUTION CHANNEL(4)

Allstate agencies (1)		35,537		34,074		36,421		50,428		32,076		30,544		29,714		106,032		92,334
Other		447		618		879		1,006		766		780		876		1,944		2,422
Total		35,984		34,692		37,300		51,434		32,842		31,324		30,590		107,976		94,756

ALLSTATE BENEFITS NEW BUSINESS WRITTEN PREMIUMS (5)	$	59	$	64	$	52	$	136	$	62	$	59	$	53	$	175	$	174

(1) Includes products directly sold through call centers and internet.

(2) Primarily represents independent master brokerage agencies, and to a lesser extent, specialized brokers.

(3) Amounts are included in counts above

(4) Excludes Allstate Benefits and non-proprietary products.

(5) New business written premiums reflect annualized premiums at initial customer enrollment (including new accounts and new employees or policies of existing accounts), reduced by an estimate for certain policies that are expected to lapse. A significant portion of Allstate Benefits business is seasonally written in the fourth quarter during many clients’ annual employee benefits enrollment.

THE ALLSTATE CORPORATION

CHANGE IN CONTRACTHOLDER FUNDS

($ in millions)

	Three months ended															Nine months ended

		Sept. 30,		June 30,		March 31,		Dec. 31,		Sept. 30,		June 30,		March 31,		Sept. 30,		Sept. 30,
		2013		2013		2013		2012		2012		2012		2012		2013		2012

Beginning balance	$	36,357	$	38,807	$	39,319	$	40,110	$	40,832	$	41,603	$	42,332	$	39,319	$	42,332

Deposits
Fixed annuities		218		281		287		318		272		185		153		786		610
Interest-sensitive life insurance		330		328		386		357		323		335		332		1,044		990
Total deposits		548		609		673		675		595		520		485		1,830		1,600

Interest credited		321		314		350		362		213		369		379		985		961

Benefits, withdrawals, maturities and other adjustments
Benefits		(392)		(399)		(395)		(434)		(341)		(331)		(357)		(1,186)		(1,029)
Surrenders and partial withdrawals		(807)		(845)		(891)		(1,157)		(941)		(949)		(943)		(2,543)		(2,833)
Maturities of and interest payments on institutional products		(1)		(1,797)		(1)		(48)		(1)		(88)		(1)		(1,799)		(90)
Contract charges		(279)		(274)		(277)		(272)		(264)		(266)		(264)		(830)		(794)
Net transfers from separate accounts		2		5		1		4		3		2		2		8		7
Other adjustments		10		(63)		28		79		14		(28)		(30)		(25)		(44)
Total benefits, withdrawals, maturities and other adjustments		(1,467)		(3,373)		(1,535)		(1,828)		(1,530)		(1,660)		(1,593)		(6,375)		(4,783)

Contractholder funds classified as held for sale		(11,283)		-		-		-		-		-		-		(11,283)		-

Ending balance	$	24,476	$	36,357	$	38,807	$	39,319	$	40,110	$	40,832	$	41,603	$	24,476	$	40,110

THE ALLSTATE CORPORATION

ALLSTATE FINANCIAL ANALYSIS OF NET INCOME

($ in millions)

	Three months ended															Nine months ended

		Sept. 30,		June 30,		March 31,		Dec. 31,		Sept. 30,		June 30,		March 31,		Sept. 30,		Sept. 30,
		2013		2013		2013		2012		2012		2012		2012		2013		2012

Benefit spread
Premiums	$	306	$	307	$	303	$	299	$	291	$	291	$	287	$	916	$	869
Cost of insurance contract charges (1)		182		179		180		173		180		173		170		541		523
Contract benefits excluding the implied interest on immediate annuities with life contingencies (2)		(365)		(341)		(325)		(331)		(318)		(326)		(305)		(1,031)		(949)
Total benefit spread		123		145		158		141		153		138		152		426		443

Investment spread
Net investment income		633		633		635		665		632		663		687		1,901		1,982
Implied interest on immediate annuities with life contingencies (2)		(133)		(130)		(133)		(133)		(135)		(136)		(134)		(396)		(405)
Interest credited to contractholder funds		(317)		(311)		(345)		(357)		(215)		(366)		(378)		(973)		(959)
Total investment spread		183		192		157		175		282		161		175		532		618

Surrender charges and contract maintenance expense fees (1)		96		93		96		94		92		95		96		285		283
Realized capital gains and losses		(16)		57		19		56		(56)		8		(21)		60		(69)
Amortization of deferred policy acquisition costs		(97)		(71)		(75)		(77)		(146)		(77)		(101)		(243)		(324)
Operating costs and expenses		(132)		(140)		(148)		(152)		(147)		(135)		(142)		(420)		(424)
Restructuring and related charges		(4)		(1)		(2)		-		-		-		-		(7)		-
(Loss) gain on disposition of operations		(646)		1		2		3		9		3		3		(643)		15
Income tax benefit (expense)		133		(86)		(61)		(74)		(56)		(61)		(50)		(14)		(167)

Net (loss) income available to common shareholders	$	(360)	$	190	$	146	$	166	$	131	$	132	$	112	$	(24)	$	375

Benefit spread by product group
Life insurance	$	60	$	75	$	86	$	79	$	90	$	87	$	91	$	221	$	268
Accident and health insurance		85		86		89		82		76		72		73		260		221
Annuities		(22)		(16)		(17)		(20)		(13)		(21)		(12)		(55)		(46)
Total benefit spread	$	123	$	145	$	158	$	141	$	153	$	138	$	152	$	426	$	443

Investment spread by product group
Annuities and institutional products	$	100	$	88	$	59	$	85	$	39	$	71	$	97	$	247	$	207
Life insurance		25		25		27		21		23		20		18		77		61
Accident and health insurance		6		7		6		6		7		6		6		19		19
Net investment income on investments supporting capital		69		67		74		72		64		68		64		210		196
Investment spread before valuation changes on embedded derivatives that are not hedged		200		187		166		184		133		165		185		553		483
Valuation changes on derivatives embedded in equity-indexed annuity contracts that are not hedged		(17)		5		(9)		(9)		149		(4)		(10)		(21)		135
Total investment spread	$	183	$	192	$	157	$	175	$	282	$	161	$	175	$	532	$	618

(1) Reconciliation of contract charges
Cost of insurance contract charges	$	182	$	179	$	180	$	173	$	180	$	173	$	170	$	541	$	523
Surrender charges and contract maintenance expense fees		96		93		96		94		92		95		96		285		283
Total contract charges	$	278	$	272	$	276	$	267	$	272	$	268	$	266	$	826	$	806

(2) Reconciliation of contract benefits
Contract benefits excluding the implied interest on immediate annuities with life contingencies	$	(365)	$	(341)	$	(325)	$	(331)	$	(318)	$	(326)	$	(305)	$	(1,031)	$	(949)
Implied interest on immediate annuities with life contingencies		(133)		(130)		(133)		(133)		(135)		(136)		(134)		(396)		(405)
Total contract benefits	$	(498)	$	(471)	$	(458)	$	(464)	$	(453)	$	(462)	$	(439)	$	(1,427)	$	(1,354)

THE ALLSTATE CORPORATION

ALLSTATE FINANCIAL WEIGHTED AVERAGE INVESTMENT SPREADS

	Three months ended September 30, 2013(1)						Three months ended September 30, 2012

	Weighted average		Weighted average		Weighted average		Weighted average		Weighted average		Weighted average

	investment yield		interest crediting rate		investment spreads		investment yield		interest crediting rate		investment spreads

Interest-sensitive life insurance	5.0	%	3.8	%	1.2	%	5.3	%	4.0	%	1.3	%

Deferred fixed annuities and institutional products	4.8		2.9		1.9		4.6		3.2		1.4

Immediate fixed annuities with and without life contingencies	6.9		6.0		0.9		6.1		6.1		-

Investments supporting capital, traditional life and other products	4.0		n/a		n/a		3.8		n/a		n/a

	Nine months ended September 30, 2013(1)								Nine months ended September 30, 2012

	Weighted average		Weighted average		Weighted average		Weighted average		Weighted average		Weighted average

	investment yield		interest crediting rate		investment spreads		investment yield		interest crediting rate		investment spreads

Interest-sensitive life insurance	5.1	%	3.8	%	1.3	%	5.2	%	4.0	%	1.2	%

Deferred fixed annuities and institutional products	4.7		3.0		1.7		4.6		3.2		1.4

Immediate fixed annuities with and without life contingencies	6.6		6.0		0.6		6.9		6.1		0.8

Investments supporting capital, traditional life and other products	3.9		n/a		n/a		4.0		n/a		n/a

(1) For purposes of these calculations, investments, reserves and contractholder funds classified as held for sale are included.

THE ALLSTATE CORPORATION

ALLSTATE FINANCIAL SUPPLEMENTAL PRODUCT INFORMATION

($ in millions)

		As of September 30, 2013				Twelve months ended September 30, 2013	Twelve months ended
							Sept.		June		March		Dec.		Sept.		June		March
				Attributed equity			2013		2013		2013		2012		2012		2012		2012
		Reserves and		excluding unrealized			Operating income return
		Contractholder funds(7)		capital gains/losses (3)(4)		Operating income (5)	on attributed equity (%)
Underwritten products
Life insurance	$	14,492	$	2,947	$	223	8.1	%	8.6	%	8.9	%	9.0	%	9.0	%	10.8	%	11.3	%
Accident and health insurance		2,108		632		95	15.5		15.5		13.5		12.7		16.6		16.3		15.9
Subtotal		16,600		3,579		318	9.4		9.8		9.8		9.7		10.6		11.9		12.2
Annuities and institutional products:
Deferred Annuities		20,663		1,955		233	12.0		11.3		10.9		9.8		9.1		9.2		9.2
Immediate Annuities:
Sub-standard structured settlements and group pension terminations (1)		5,076		1,099		(13)	(1.3	)	(1.8	)	(1.9	)	(0.7	)	(0.7	)	(0.7	)	(1.0	)
Standard structured settlements and SPIA (2)		7,549		570		40	7.4		5.5		5.1		9.0		5.3		5.3		5.7
Subtotal		12,625		1,669		27	1.6		0.7		0.4		2.4		1.1		1.1		0.9
Institutional products		90		15		(6)
Subtotal		33,378		3,639		254	7.1		6.2		6.0		6.5		5.7		5.9		5.9
Loss on sale of Lincoln Benefit Life Company		-		(475)		-
Total Allstate Financial (6)	$	49,978	$	6,743	$	572	8.6		8.0		7.9		8.0		8.0		8.7		8.8

		Nine months ended September 30, 2013
		Life		Accident and		Annuities and		Allstate
		insurance		health insurance		institutional products		Financial

Operating income	$	164	$	76	$	188	$	428
Realized capital gains and losses, after-tax		(10)		(1)		48		37
Valuation changes on embedded derivatives that are not hedged, after-tax		-		-		(13)		(13)
DAC and DSI amortization relating to realized capital gains and losses and valuation changes on embedded derivatives that are not hedged, after-tax		(1)		-		(1)		(2)
DAC and DSI unlocking relating to realized capital gains and losses, after-tax		(1)		-		8		7
Reclassification of periodic settlements and accruals on non-hedge derivative instruments, after-tax		1		-		(12)		(11)
(Loss) gain on disposition of operations, after-tax		(1)		-		6		5
Loss on sale of Lincloln Benefit Life Company		-		-		-		(475)
Net loss available to common shareholders	$	152	$	75	$	224	$	(24)

(1) Structured settlement annuities for annuitants with severe injuries or other health impairments which significantly reduced their life expectancy at the time the annuity was issued and group annuity contracts issued to sponsors of terminated pension plans.

(2) Life-contingent structured settlement annuities for annuitants with standard life expectancy, period certain structured settlements and single premium immediate annuities with and without life contingencies.

(3) Total Allstate Financial attributed equity is the sum of equity for Allstate Life Insurance Company and the applicable equity for American Heritage Life Investment Corporation.

(4) Attributed equity is allocated to each product line based on statutory capital adjusted for GAAP reporting differences and the amount of capital held in Allstate Financial may vary from economic capital. The calculation of statutory capital by product incorporates internal factors for invested asset risk, insurance risk (mortality and morbidity), interest rate risk and business risk. Due to the unavailability of final statutory financial statements at the time we release our GAAP financial results, the allocation is derived from prior quarter statutory capital. Statutory capital is adjusted for appropriate GAAP accounting differences. Changes in internal capital factors, investment portfolio mix and risk as well as changes in GAAP and statutory reporting differences will result in changes to the allocation of attributed equity to products.

(5) Product line operating income includes allocation of income on investments supporting capital. Operating income reflects a trailing twelve-month period.

(6) Reserves and contractholder funds included with the sale of Lincoln Benefit Life Company transaction and the attributed equity comprise 27% of life insurance and 37% of deferred annuity. Accident and health insurance reserves (long-term care) included with the sale have attributed equity of approximately $26 million and are mostly reinsured with a third party. A summary of assets and liabilities held for sale is included in Note 3 to the condensed consolidated financial statements in the third quarter 2013 Form 10-Q.

(7) Includes reserves and contractholder funds classified as held for sale.

THE ALLSTATE CORPORATION

ALLSTATE FINANCIAL INSURANCE POLICIES AND ANNUITIES IN FORCE (1)

(in thousands)

	Sept. 30,	June 30,	March 31,	Dec. 31,	Sept. 30,	June 30,	March 31,
	2013	2013	2013	2012	2012	2012	2012
ALLSTATE FINANCIAL INSURANCE POLICIES AND ANNUITIES IN FORCE BY PRODUCT

Underwritten products
Life insurance	2,572	2,574	2,572	2,566	2,564	2,573	2,577
Accident and health insurance	2,322	2,322	2,338	2,117	2,114	2,094	2,077
	4,894	4,896	4,910	4,683	4,678	4,667	4,654

Annuities
Deferred annuities	353	362	373	385	398	408	421
Immediate annuities	112	113	114	114	115	115	115
	465	475	487	499	513	523	536

Total	5,359	5,371	5,397	5,182	5,191	5,190	5,190

ALLSTATE FINANCIAL INSURANCE POLICIES AND ANNUITIES IN FORCE BY SOURCE OF BUSINESS

Allstate Agencies (2)	1,938	1,936	1,930	1,929	1,924	1,925	1,925
Allstate Benefits	2,741	2,741	2,757	2,528	2,524	2,506	2,490
Other (3)	680	694	710	725	743	759	775

Total	5,359	5,371	5,397	5,182	5,191	5,190	5,190

INSURANCE POLICIES AND ANNUITIES IN FORCE INCLUDED IN LINCOLN BENEFIT LIFE COMPANY SALE (4)

Life insurance	148	150	152	155	156	158	160
Deferred annuities	132	138	144	151	156	161	168

Total	280	288	296	306	312	319	328

(1)	Allstate Financial insurance policies and annuities in force reflect the number of contracts in force excluding sold blocks of business that remain on the balance sheet due to the dispositions of the business being effected through reinsurance arrangements. Also excluded are long-term care contracts for which the morbidity risk is 100% reinsured. Policy counts associated with our voluntary employee benefits group business reflect certificate counts as opposed to group counts.
(2)	Excludes Allstate Benefits products sold through Allstate Agencies, which are included in the Allstate Benefits line.
(3)	Primarily business sold by independent master brokerage agencies, banks/broker-dealers and specialized structured settlement brokers.
(4)	Amounts are included in counts above.

THE ALLSTATE CORPORATION

CORPORATE AND OTHER RESULTS

($ in millions)

		Three months ended																					Nine months ended

		Sept. 30,			June 30,			March 31,			Dec. 31,			Sept. 30,			June 30,			March 31,			Sept. 30,			Sept. 30,
		2013			2013			2013			2012			2012			2012			2012			2013			2012

Net investment income	$		8	$		8	$		7	$		6	$		9	$		11	$		11	$		23	$		31
Operating costs and expenses (1)		(159)			(106)			(95)			(96)			(90)			(107)			(86)			(360)			(283)
Income tax benefit on operations		58			37			35			35			34			33			34			130			101
Preferred stock dividends		(6)			-			-			-			-			-			-			(6)			-

Operating loss		(99)			(61)			(53)			(55)			(47)			(63)			(41)			(213)			(151)

Realized capital gains and losses, after-tax		1			-			-			3			-			-			-			1			-
Loss on extinguishment of debt, after-tax		(6)			(312)			-			-			-			-			-			(318)			-
Postretirement benefits curtailment gain, after-tax		118			-			-			-			-			-			-			118			-
Net income (loss) available to common shareholders	$		14	$		(373)	$		(53)	$		(52)	$		(47)	$		(63)	$		(41)	$		(412)	$		(151)

(1) Includes pension settlement loss of $76 million recorded for the three months ended September 30, 2013.

THE ALLSTATE CORPORATION

INVESTMENTS

($ in millions)

		PROPERTY-LIABILITY										ALLSTATE FINANCIAL

		Sept. 30,		June 30,		March 31,		Dec. 31,		Sept. 30,		Sept. 30,		June 30,		March 31,		Dec. 31,		Sept. 30,
		2013		2013		2013		2012		2012		2013(1)		2013		2013		2012		2012

Fixed income securities, at fair value:
Tax-exempt	$	5,484	$	5,754	$	6,470	$	7,419	$	8,002	$	1	$	2	$	2	$	3	$	28
Taxable		22,920		22,359		22,635		22,262		21,787		30,216		41,347		45,176		45,793		46,317
Equity securities, at fair value		4,156		3,932		4,037		3,671		3,660		656		573		402		366		216
Mortgage loans		431		479		488		493		498		4,386		5,934		5,946		6,077		6,406
Limited partnership interests		3,043		2,991		2,994		2,991		3,106		2,044		1,946		1,933		1,924		1,860
Short-term, at fair value		1,056		1,182		1,171		912		756		629		821		1,391		907		1,320
Other		1,102		813		600		467		200		1,672		1,958		2,003		1,929		2,008
Total	$	38,192	$	37,510	$	38,395	$	38,215	$	38,009	$	39,604	$	52,581	$	56,853	$	56,999	$	58,155

Fixed income securities, at amortized cost:
Tax-exempt	$	5,367	$	5,617	$	6,168	$	7,061	$	7,616	$	1	$	2	$	2	$	3	$	28
Taxable		22,464		21,930		21,721		21,311		20,752		28,648		39,371		41,582		42,043		42,495
Ratio of fair value to amortized cost		102.1%		102.1%		104.4%		104.6%		105.0%		105.5%		105.0%		108.6%		108.9%		109.0%
Equity securities, at cost	$	3,769	$	3,702	$	3,449	$	3,250	$	3,271	$	601	$	535	$	328	$	327	$	158
Short-term, at amortized cost		1,056		1,182		1,171		912		756		629		821		1,391		907		1,320

		CORPORATE AND OTHER										CONSOLIDATED

		Sept. 30,		June 30,		March 31,		Dec. 31,		Sept. 30,		Sept. 30,		June 30,		March 31,		Dec. 31,		Sept 30,
		2013		2013		2013		2012		2012		2013		2013		2013		2012		2012

Fixed income securities, at fair value:
Tax-exempt	$	576	$	578	$	604	$	616	$	724	$	6,061	$	6,334	$	7,076	$	8,038	$	8,754
Taxable		1,098		999		919		924		871		54,234		64,705		68,730		68,979		68,975
Equity securities, at fair value		-		-		-		-		-		4,812		4,505		4,439		4,037		3,876
Mortgage loans		-		-		-		-		-		4,817		6,413		6,434		6,570		6,904
Limited partnership interests		4		4		4		7		8		5,091		4,941		4,931		4,922		4,974
Short-term, at fair value		1,009		643		607		517		749		2,694		2,646		3,169		2,336		2,825
Other		-		-		-		-		-		2,774		2,771		2,603		2,396		2,208
Total	$	2,687	$	2,224	$	2,134	$	2,064	$	2,352	$	80,483	$	92,315	$	97,382	$	97,278	$	98,516

Fixed income securities, at amortized cost:
Tax-exempt	$	556	$	558	$	572	$	580	$	684	$	5,924	$	6,177	$	6,742	$	7,644	$	8,328
Taxable		1,093		997		912		917		857		52,205		62,298		64,215		64,271		64,104
Ratio of fair value to amortized cost		101.5%		101.4%		102.6%		102.9%		103.5%		103.7%		103.7%		106.8%		107.1%		107.3%
Equity securities, at cost	$	-	$	-	$	-	$	-	$	-	$	4,370	$	4,237	$	3,777	$	3,577	$	3,429
Short-term, at amortized cost		1,009		643		607		517		749		2,694		2,646		3,169		2,336		2,825

(1) Excludes investments classified as held for sale that totaled $12.2 billion as of September 30, 2013.

THE ALLSTATE CORPORATION

INVESTMENT PORTFOLIO DETAILS

($ in millions)

		Financial statement classification as of September 30, 2013

								Limited
		Fixed income		Equity		Mortgage		partnership		Short-
		securities		securities		loans		interests		term		Other		Total

Infrastructure and real assets
Infrastructure and real assets - debt (1)	$	10,405	$	-	$	-	$	-	$	-	$	-	$	10,405
Infrastructure and real assets - equity		-		788		-		505		-		-		1,293
Infrastructure and real assets - other (2)		-		-		-		-		-		29		29
		10,405		788		-		505		-		29		11,727
Real estate
Real estate - debt		2,719		-		4,817		-		-		-		7,536
Real estate - equity		-		196		-		1,666		-		128		1,990
Tax credit funds		-		-		-		638		-		-		638
		2,719		196		4,817		2,304		-		128		10,164
Consumer goods (cyclical and non-cyclical) (1)		8,728		715		-		-		-		-		9,443
Banking & financial services
Banking		3,041		154		-		-		-		-		3,195
Financial services (1)		3,234		179		-		-		-		-		3,413
Credit card and student loan ABS		677		-		-		-		-		-		677
Consumer auto ABS		908		-		-		-		-		-		908
		7,860		333		-		-		-		-		8,193
Municipal - General obligation, revenue and taxable		9,611		-		-		-		-		-		9,611
Government & agencies
U.S. government and agencies		2,881		-		-		-		684		-		3,565
Foreign government		1,595		-		-		-		-		-		1,595
		4,476		-		-		-		684		-		5,160
Technology and communications
Communications		3,060		182		-		-		-		-		3,242
Technology		2,095		365		-		-		-		-		2,460
		5,155		547		-		-		-		-		5,702
Capital goods		4,420		248		-		-		-		-		4,668
Basic & other industries
Basic industry		2,479		170		-		-		-		-		2,649
Other industries (1)		738		-		-		-		-		-		738
		3,217		170		-		-		-		-		3,387
Transportation (1)		1,524		67		-		-		-		-		1,591
ABS other		1,836		-		-		-		-		-		1,836
Private equity		-		-		-		1,980		-		-		1,980
Emerging markets
Fixed income funds		-		536		-		-		-		-		536
Foreign government		344		-		-		-		-		-		344
Equity index based funds		-		649		-		-		-		-		649
		344		1,185		-		-		-		-		1,529
Other equity market index based funds		-		563		-		-		-		-		563
Other funds		-		-		-		302		-		-		302
Other (3)		-		-		-		-		2,010		2,617		4,627
Total investments	$	60,295	$	4,812	$	4,817	$	5,091	$	2,694	$	2,774	$	80,483

(1) Includes municipal bonds

(2) Direct ownership of timber was previously reported as a limited partnership.

(3) Other includes derivatives, policy loans, agent loans, bank loans and short-term investments.

THE ALLSTATE CORPORATION

LIMITED PARTNERSHIP INVESTMENTS

($ in millions)

	As of or three months ended

		Sept. 30		June 30,		March 31,		Dec. 31,		Sept. 30,		June 30,		March 31,
		2013		2013		2013		2012		2012		2012		2012
Investment position
Accounting basis
Cost method	$	1,435	$	1,441	$	1,425	$	1,406	$	1,456	$	1,363	$	1,278
Equity method (1)		3,656		3,500		3,506		3,516		3,518		3,331		3,359
Total	$	5,091	$	4,941	$	4,931	$	4,922	$	4,974	$	4,694	$	4,637

Cost method-fair value (2)	$	1,806	$	1,795	$	1,748	$	1,714	$	1,756	$	1,656	$	1,534

Underlying investment
Private equity / debt funds	$	2,485	$	2,457	$	2,423	$	2,351	$	2,300	$	2,072	$	1,995
Real estate funds		1,666		1,658		1,635		1,563		1,524		1,358		1,230
Other (3)		940		826		873		1,008		1,150		1,264		1,412
Total	$	5,091	$	4,941	$	4,931	$	4,922	$	4,974	$	4,694	$	4,637

Segment
Property-Liability	$	3,043	$	2,991	$	2,994	$	2,991	$	3,106	$	2,877	$	2,889
Allstate Financial		2,044		1,946		1,933		1,924		1,860		1,806		1,729
Corporate and Other		4		4		4		7		8		11		19
Total	$	5,091	$	4,941	$	4,931	$	4,922	$	4,974	$	4,694	$	4,637

Total Income
Accounting basis
Cost method	$	48	$	45	$	26	$	58	$	17	$	23	$	13
Equity method		58		81		81		52		5		84		96
Total	$	106	$	126	$	107	$	110	$	22	$	107	$	109

Underlying investment
Private equity / debt funds	$	68	$	58	$	68	$	83	$	18	$	73	$	72
Real estate funds		49		77		34		36		17		39		31
Other (3)		(11)		(9)		5		(9)		(13)		(5)		6
Total	$	106	$	126	$	107	$	110	$	22	$	107	$	109

Segment
Property-Liability	$	69	$	89	$	77	$	68	$	11	$	68	$	41
Allstate Financial		37		37		30		42		11		39		67
Corporate and Other		-		-		-		-		-		-		1
Total	$	106	$	126	$	107	$	110	$	22	$	107	$	109

(1) As of September 30, 2013, valuations of EMA limited partnerships include approximately $400 million of cumulative pre-tax appreciation that has been recognized in earnings but has not been distributed to investors.

(2) The fair value of cost method limited partnerships is determined using reported net asset values of the underlying funds.

(3) Includes tax credit and other funds.

THE ALLSTATE CORPORATION

UNREALIZED NET CAPITAL GAINS AND LOSSES ON SECURITY PORTFOLIO BY TYPE

($ in millions)

		September 30, 2013					June 30, 2013					March 31, 2013

		Unrealized net			Fair value		Unrealized net			Fair value		Unrealized net			Fair value
		capital gains		Fair	as a percent of		capital gains		Fair	as a percent of		capital gains		Fair	as a percent of
		and losses		value	amortized cost (1)		and losses		value	amortized cost (1)		and losses		value	amortized cost (1)
Fixed income securities
U.S. government and agencies	$	156	$	2,881	105.7	$	203	$	3,204	106.8	$	297	$	4,257	107.5
Municipal		365		9,611	103.9		496		10,716	104.9		929		11,862	108.5
Corporate		1,412		39,697	103.7		1,647		47,616	103.6		3,300		49,567	107.1
Foreign government		108		1,939	105.9		125		2,224	106.0		200		2,365	109.2
Asset-backed securities (“ABS”)		32		3,421	100.9		9		3,476	100.3		18		3,597	100.5
Residential mortgage-backed securities (“RMBS”)		57		1,844	103.2		62		2,485	102.6		65		2,750	102.4
Commercial mortgage-backed securities (“CMBS”)		31		875	103.7		18		1,291	101.4		36		1,381	102.7
Redeemable preferred stock		5		27	122.7		4		27	117.4		4		27	117.4
Total fixed income securities		2,166		60,295	103.7		2,564		71,039	103.7		4,849		75,806	106.8

Equity securities		442		4,812	110.1		268		4,505	106.3		662		4,439	117.5
Short-term investments		-		2,694	100.0		-		2,646	100.0		-		3,169	100.0
Derivatives		(19)		217	n/a		(12)		200	n/a		(19)		223	n/a
EMA limited partnership interests (2)		(3)		n/a	n/a		-		n/a	n/a		8		n/a	n/a
Investments classified as held for sale		244		n/a	n/a		-		n/a	n/a		-		n/a	n/a
Unrealized net capital gains and losses, pre-tax	$	2,830				$	2,820				$	5,500

Amounts recognized for:
Insurance reserves (3)		-					(76)					(623)
DAC and DSI (4)		(189)					(199)					(404)
Amounts recognized		(189)					(275)					(1,027)
Deferred income taxes		(927)					(894)					(1,568)
Unrealized net capital gains and losses, after-tax	$	1,714				$	1,651				$	2,905

		December 31, 2012					September 30, 2012					June 30, 2012

		Unrealized net			Fair value		Unrealized net			Fair value		Unrealized net			Fair value
		capital gains		Fair	as a percent of		capital gains		Fair	as a percent of		capital gains		Fair	as a percent of
		and losses		value	amortized cost (1)		and losses		value	amortized cost (1)		and losses		value	amortized cost (1)
Fixed income securities
U.S. government and agencies	$	326	$	4,713	107.4	$	371	$	4,772	108.4	$	374	$	5,246	107.7
Municipal		930		13,069	107.7		922		13,970	107.1		805		13,892	106.2
Corporate		3,594		48,537	108.0		3,810		48,154	108.6		3,025		47,254	106.8
Foreign government		227		2,517	109.9		240		2,255	111.9		227		2,169	111.7
ABS		1		3,624	100.0		(30)		3,673	99.2		(105)		3,949	97.4
RMBS		32		3,032	101.1		4		3,348	100.1		(212)		3,675	94.5
CMBS		(12)		1,498	99.2		(25)		1,530	98.4		(115)		1,716	93.7
Redeemable preferred stock		4		27	117.4		5		27	122.7		2		25	108.7
Total fixed income securities		5,102		77,017	107.1		5,297		77,729	107.3		4,001		77,926	105.4

Equity securities		460		4,037	112.9		447		3,876	113.0		251		3,681	107.3
Short-term investments		-		2,336	100.0		-		2,825	100.0		-		1,867	100.0
Derivatives		(22)		133	n/a		(19)		251	n/a		(16)		187	n/a
EMA limited partnership interests (2)		7		n/a	n/a		6		n/a	n/a		4		n/a	n/a
Investments classified as held for sale		-		n/a	n/a		-		n/a	n/a		-		n/a	n/a
Unrealized net capital gains and losses, pre-tax	$	5,547				$	5,731				$	4,240

Amounts recognized for:
Insurance reserves (3)		(771)					(876)					(700)
DAC and DSI (4)		(412)					(420)					(352)
Amounts recognized		(1,183)					(1,296)					(1,052)
Deferred income taxes		(1,530)					(1,555)					(1,118)
Unrealized net capital gains and losses, after-tax	$	2,834				$	2,880				$	2,070

(1) The comparison of percentages from period to period may be distorted by investment transactions such as sales, purchases and impairment write-downs.

(2) Unrealized net capital gains and losses for limited partnership interest represent the Company’s share of Equity Method of Accounting (“EMA”) limited partnerships’ other comprehensive income. Fair value and amortized cost are not applicable.

(3) The insurance reserves adjustment represents the amount by which the reserve balance would increase if the net unrealized gains in the applicable product portfolios were realized and reinvested at current lower interest rates, resulting in a premium deficiency. Although we evaluate premium deficiencies on the combined performance of our life insurance and immediate annuities with life contingencies, the adjustment primarily relates to structured settlement annuities with life contingencies, in addition to annuity buy-outs and certain payout annuities with life contingencies.

(4) The DAC and DSI adjustment balance represents the amount by which the amortization of DAC and DSI would increase or decrease if the unrealized gains or losses in the respective product portfolios were realized.

THE ALLSTATE CORPORATION

NET INVESTMENT INCOME, YIELDS AND REALIZED CAPITAL GAINS AND LOSSES (PRE-TAX)

($ in millions)

	Three months ended																						Nine months ended

		Sept. 30,			June 30,			March 31,			Dec. 31,			Sept. 30,			June 30,			March 31,			Sept. 30,			Sept. 30,
		2013			2013			2013			2012			2012			2012			2012			2013			2012
NET INVESTMENT INCOME
Fixed income securities	$	721		$	740		$	762		$	793		$	817		$	818		$	806		$	2,223		$	2,441
Equity securities		30			39			25			53			29			24			21			94			74
Mortgage loans		99			93			98			97			92			92			93			290			277
Limited partnership interests		106			126			107			110			22			107			109			339			238
Short-term		1			1			2			2			2			1			1			4			4
Other		44			39			37			35			33			34			30			120			97
Sub-total		1,001			1,038			1,031			1,090			995			1,076			1,060			3,070			3,131
Less: Investment expense		(51)			(54)			(48)			(57)			(55)			(50)			(49)			(153)			(154)
Net investment income	$	950		$	984		$	983		$	1,033		$	940		$	1,026		$	1,011		$	2,917		$	2,977

PRE-TAX YIELDS (1)
Fixed income securities		4.2	%		4.2	%		4.3	%		4.4	%		4.5	%		4.4	%		4.4	%		4.2	%		4.4	%
Equity securities		2.8			3.9			2.8			6.1			3.4			2.8			2.2			3.1			2.7
Mortgage loans		6.2			5.8			6.0			5.7			5.4			5.2			5.2			6.0			5.3
Limited partnership interests		8.6			10.2			8.7			8.9			1.8			9.2			9.3			9.1			6.7
Total portfolio		4.5			4.6			4.5			4.7			4.3			4.6			4.6			4.5			4.5

REALIZED CAPITAL GAINS AND LOSSES (PRE-TAX) BY TRANSACTION TYPE
Impairment write-downs	$	(18)		$	(33)		$	(10)		$	(54)		$	(43)		$	(49)		$	(39)		$	(61)		$	(131)
Change in intent write-downs		(70)			(27)			(27)			-			(3)			(1)			(44)			(124)			(48)
Net other-than-temporary impairment
losses recognized in earnings		(88)			(60)			(37)			(54)			(46)			(50)			(83)			(185)			(179)
Sales		59			408			172			261			(24)			70			229			639			275
Valuation of derivative instruments		-			3			(4)			(12)			-			(10)			11			(1)			1
Settlements of derivative instruments		(12)			11			-			9			(2)			17			11			(1)			26
Total	$	(41)		$	362		$	131		$	204		$	(72)		$	27		$	168		$	452		$	123

TOTAL RETURN ON INVESTMENT PORTFOLIO (2)		1.0	%		(1.5)	%		1.2	%		1.1	%		2.4	%		1.8	%		2.0	%		0.7	%		6.3	%

AVERAGE INVESTMENT BALANCES (in billions) (3)	$	83.7		$	90.7		$	91.8		$	92.2		$	92.9		$	93.2		$	93.1		$	87.7		$	93.0

(1) Pre-tax yields are calculated as annualized investment income before investment expense (including dividend income in the case of equity securities) divided by the average of investment balances at the end of each quarter during the year. Investment balances, for purposes of the pre-tax yield calculation, exclude unrealized capital gains and losses and include investments classified as held for sale. Excluding investments classified as held for sale, pre-tax yield was 4.4% for the three months ended September 30, 2013.

(2) Total return on investment portfolio is calculated from GAAP results including the total of net investment income, realized capital gains and losses, the change in unrealized net capital gains and losses, and the change in the difference between fair value and carrying value of mortgage loans and cost method limited partnerships, divided by the average fair value balances. For purposes of the total return calculation, investments classified as held for sale are included. Excluding investments classified as held for sale, total return on investment portfolio was 0.9% for the three months ended September 30, 2013.

(3) Average investment balances for the quarter are calculated as the average of the current and prior quarter investment balances. Year-to-date average investment balances are calculated as the average of investment balances at the beginning of the year and the end of each quarter during the year. For purposes of the average investment balances calculation, unrealized capital gains and losses are excluded and investments classified as held for sale are included.

THE ALLSTATE CORPORATION

PROPERTY-LIABILITY

NET INVESTMENT INCOME, YIELDS AND REALIZED CAPITAL GAINS AND LOSSES (PRE-TAX)

($ in millions)

	Three months ended																						Nine months ended

		Sept. 30,			June 30,			March 31,			Dec. 31,			Sept. 30,			June 30,			March 31,			Sept. 30,			Sept. 30,
		2013			2013			2013			2012			2012			2012			2012			2013			2012
NET INVESTMENT INCOME
Fixed income securities:
Tax-exempt	$	44		$	53		$	61		$	71		$	81		$	82		$	87		$	158		$	250
Taxable		175			178			188			188			194			192			178			541			564
Equity securities		26			36			23			49			28			22			19			85			69
Mortgage loans		6			5			5			5			5			5			6			16			16
Limited partnership interests (1)		69			89			77			68			11			68			41			235			120
Short-term		1			-			1			2			-			1			1			2			2
Other		11			8			8			5			4			3			2			27			9
Subtotal		332			369			363			388			323			373			334			1,064			1,030
Less: Investment expense		(23)			(26)			(22)			(26)			(24)			(21)			(21)			(71)			(66)
Net investment income	$	309		$	343		$	341		$	362		$	299		$	352		$	313		$	993		$	964
Net investment income, after-tax	$	225		$	259		$	241		$	258		$	220		$	254		$	232		$	725		$	706

PRE-TAX YIELDS (2)
Fixed income securities:
Tax-exempt		3.2	%		3.6	%		3.7	%		3.9	%		4.2	%		4.4	%		4.6	%		3.5	%		4.4	%
Equivalent yield for tax-exempt		4.7			5.2			5.4			5.7			6.1			6.4			6.7			5.1			6.4
Taxable		3.2			3.3			3.5			3.6			3.7			3.7			3.6			3.3			3.7
Equity securities		2.8			4.0			2.8			6.1			3.3			2.7			2.1			3.2			2.6
Mortgage loans		4.4			4.2			4.3			4.1			4.3			4.2			4.5			4.3			4.3
Limited partnership interests		9.3			11.8			10.4			8.9			1.5			9.5			5.5			10.4			5.4
Total portfolio		3.6			4.0			4.0			4.3			3.6			4.2			3.8			3.9			3.8

REALIZED CAPITAL GAINS AND LOSSES (PRE-TAX) BY ASSET TYPE
Fixed income securities:
Tax-exempt	$	14		$	39		$	47		$	23		$	8		$	(4)		$	25		$	100		$	29
Taxable		21			17			43			98			1			15			(5)			81			11
Equity securities		(56)			252			28			25			(14)			13			159			224			158
Limited partnership interests		2			(5)			5			1			-			1			11			2			12
Derivatives and other		(7)			2			(11)			(4)			(11)			(6)			(1)			(16)			(18)
Total	$	(26)		$	305		$	112		$	143		$	(16)		$	19		$	189		$	391		$	192

REALIZED CAPITAL GAINS AND LOSSES (PRE-TAX) BY TRANSACTION TYPE
Impairment write-downs	$	(8)		$	(17)		$	(8)		$	(41)		$	(31)		$	(43)		$	(19)		$	(33)		$	(93)
Change in intent write-downs		(63)			(26)			(20)			-			(2)			(1)			(28)			(109)			(31)
Net other-than-temporary impairment losses recognized in earnings		(71)			(43)			(28)			(41)			(33)			(44)			(47)			(142)			(124)
Sales		52			346			151			187			27			60			237			549			324
Valuation of derivative instruments		5			(3)			-			(2)			3			1			3			2			7
Settlements of derivative instruments		(12)			5			(11)			(1)			(13)			2			(4)			(18)			(15)
Total	$	(26)		$	305		$	112		$	143		$	(16)		$	19		$	189		$	391		$	192

AVERAGE INVESTMENT BALANCES (in billions) (3)	$	37.0		$	36.7		$	36.5		$	36.3		$	36.1		$	35.8		$	35.4		$	36.8		$	35.8

(1) As of September 30, 2013, Property-Liability has commitments to invest in additional limited partnership interests totaling $1.27 billion.

(3) Average investment balances for the quarter are calculated as the average of the current and prior quarter investment balances. Year-to-date average investment balances are calculated as the average of investment balances at the end of each quarter during the year. For purposes of the average investment balances calculation, unrealized capital gains and losses are excluded.

THE ALLSTATE CORPORATION

ALLSTATE FINANCIAL

NET INVESTMENT INCOME, YIELDS AND REALIZED CAPITAL GAINS AND LOSSES (PRE-TAX)

($ in millions)

	Three months ended																						Nine months ended

		Sept. 30,			June 30,			March 31,			Dec. 31,			Sept. 30,			June 30,			March 31,			Sept. 30,			Sept. 30,
		2013			2013			2013			2012			2012			2012			2012			2013			2012

NET INVESTMENT INCOME
Fixed income securities	$	497		$	503		$	506		$	527		$	532		$	534		$	531		$	1,506		$	1,597
Equity securities		4			3			2			4			1			2			2			9			5
Mortgage loans		93			88			93			92			87			87			87			274			261
Limited partnership interests (1)		37			37			30			42			11			39			67			104			117
Short-term		-			-			1			-			1			-			-			1			1
Other		28			30			28			29			29			29			27			86			85
Subtotal		659			661			660			694			661			691			714			1,980			2,066
Less: Investment expense		(26)			(28)			(25)			(29)			(29)			(28)			(27)			(79)			(84)
Net investment income	$	633		$	633		$	635		$	665		$	632		$	663		$	687		$	1,901		$	1,982
Net investment income, after-tax	$	423		$	422		$	424		$	440		$	420		$	437		$	455		$	1,269		$	1,312

PRE-TAX YIELDS (2)
Fixed income securities		5.1	%		5.0	%		4.8	%		5.0	%		4.9	%		4.9	%		4.8	%		5.0	%		4.9	%
Equity securities		2.4			3.0			2.6			6.2			4.5			5.2			3.9			2.6			4.5
Mortgage loans		6.4			5.9			6.2			5.9			5.5			5.3			5.2			6.2			5.3
Limited partnership interests		7.4			7.8			6.1			8.9			2.4			8.8			16.0			7.1			8.9
Total portfolio		5.2			5.1			5.0			5.2			4.9			5.0			5.2			5.1			5.0

REALIZED CAPITAL GAINS AND LOSSES (PRE-TAX) BY ASSET TYPE
Fixed income securities	$	(12)		$	23		$	(18)		$	54		$	(59)		$	(5)		$	(49)		$	(7)		$	(113)
Equity securities		5			31			1			1			(1)			-			-			37			(1)
Mortgage loans		(6)			(6)			31			3			(3)			9			(1)			19			5
Limited partnership interests		-			(3)			-			(1)			-			2			(1)			(3)			1
Derivatives and other		(3)			12			5			(1)			7			2			30			14			39
Total	$	(16)		$	57		$	19		$	56		$	(56)		$	8		$	(21)		$	60		$	(69)

REALIZED CAPITAL GAINS AND LOSSES (PRE-TAX) BY TRANSACTION TYPE
Impairment write-downs	$	(10)		$	(16)		$	(2)		$	(13)		$	(12)		$	(6)		$	(20)		$	(28)		$	(38)
Change in intent write-downs		(7)			(1)			(7)			-			(1)			-			(16)			(15)			(17)
Net other-than-temporary impairment losses recognized in earnings		(17)			(17)			(9)			(13)			(13)			(6)			(36)			(43)			(55)
Sales		6			62			21			69			(51)			10			(8)			89			(49)
Valuation of derivative instruments		(5)			6			(4)			(10)			(3)			(11)			8			(3)			(6)
Settlements of derivative instruments		-			6			11			10			11			15			15			17			41
Total	$	(16)		$	57		$	19		$	56		$	(56)		$	8		$	(21)		$	60		$	(69)

AVERAGE INVESTMENT BALANCES (in billions) (3)	$	44.3		$	51.9		$	53.2		$	53.7		$	54.5		$	55.0		$	55.3		$	48.7		$	54.9

(1) As of September 30, 2013, Allstate Financial has commitments to invest in additional limited partnership interests totaling $1.16 billion.

(2) Pre-tax yields are calculated as annualized investment income before investment expense (including dividend income in the case of equity securities) divided by the average of investment balances at the end of each quarter during the year. Investment balances, for purposes of the pre-tax yield calculation, exclude unrealized capital gains and losses and include investments classified as held for sale. Excluding investments classified as held for sale, pre-tax yield was 5.4% for the three months ended September 30, 2013.

(3) Average investment balances for the quarter are calculated as the average of the current and prior quarter investment balances. Year-to-date average investment balances are calculated as the average of investment balances at the end of each quarter during the year. For purposes of the average investment balances calculation, unrealized capital gains and losses are excluded and investments classified as held for sale are included.

THE ALLSTATE CORPORATION

INVESTMENT RESULTS

($ in millions)

	Three months ended																						Nine months ended

		Sept. 30,			June 30,			March 31,			Dec. 31,			Sept. 30,			June 30,			March 31,			Sept. 30,			Sept. 30,
		2013			2013			2013			2012			2012			2012			2012			2013			2012
Consolidated investment portfolio
Core debt (1)	$	70,423		$	82,729		$	87,890		$	88,194		$	89,558		$	88,836		$	88,390		$	70,423		$	89,558
Equity/owned (2)		10,060			9,586			9,492			9,084			8,958			8,484			8,619			10,060			8,958
Total	$	80,483		$	92,315		$	97,382		$	97,278		$	98,516		$	97,320		$	97,009		$	80,483		$	98,516


Consolidated portfolio total return (3)
Core debt		0.7	%		(1.5)	%		0.8	%		0.8	%		2.2	%		1.8	%		1.4	%		(0.1)	%		5.5	%
Equity/owned		0.3			-			0.4			0.3			0.2			-			0.6			0.8			0.8
Total		1.0			(1.5)			1.2			1.1			2.4			1.8			2.0			0.7			6.3

Consolidated portfolio total return (3)
Income		1.0	%		1.0	%		1.0	%		1.1	%		1.0	%		1.0	%		1.0	%		3.0	%		3.1	%
Valuation		-			(2.5)			0.2			-			1.4			0.8			1.0			(2.3)			3.2
Total		1.0			(1.5)			1.2			1.1			2.4			1.8			2.0			0.7			6.3

Consolidated net investment income
Core debt (4)	$	810		$	814		$	847		$	867		$	885		$	891		$	878		$	2,471		$	2,654
Equity/owned		140			170			136			166			55			135			133			446			323
Total	$	950		$	984		$	983		$	1,033		$	940		$	1,026		$	1,011		$	2,917		$	2,977

Consolidated core debt pre-tax yield (5)		4.3	%		4.3	%		4.3	%		4.4	%		4.4	%		4.4	%		4.4	%		4.3	%		4.4	%

Property-Liability net investment income
Core debt excluding prepayment premiums and litigation proceeds	$	206		$	208		$	224		$	234		$	251		$	258		$	252		$	638		$	761
Prepayment premiums and litigation proceeds		4			10			15			10			7			3			-			29			10
		210			218			239			244			258			261			252			667			771
Equity/owned		99			125			102			118			41			91			61			326			193
Total		309			343			341			362			299			352			313			993			964
Less: prepayment premiums and litigation proceeds		4			10			15			10			7			3			-			29			10
Total excluding prepayment premiums and litigation proceeds	$	305		$	333		$	326		$	352		$	292		$	349		$	313		$	964		$	954

Property-Liability core debt pre-tax yield		3.1	%		3.2	%		3.5	%		3.6	%		3.8	%		3.8	%		3.8	%		3.3	%		3.8	%

Property-Liability core debt pre-tax yield excluding prepayment premiums and litigation proceeds		3.0	%		3.1	%		3.3	%		3.5	%		3.7	%		3.8	%		3.8	%		3.1	%		3.8	%

Allstate Financial net investment income
Core debt excluding prepayment premiums and litigation proceeds	$	558		$	563		$	574		$	590		$	601		$	612		$	616		$	1,695		$	1,829
Prepayment premiums and litigation proceeds		32			27			27			27			17			7			-			86			24
Total core debt		590			590			601			617			618			619			616			1,781			1,853
Equity/owned		43			43			34			48			14			44			71			120			129
Total		633			633			635			665			632			663			687			1,901			1,982
Less: prepayment premiums and litigation proceeds		32			27			27			27			17			7			-			86			24
Total excluding prepayment premiums and litigation proceeds	$	601		$	606		$	608		$	638		$	615		$	656		$	687		$	1,815		$	1,958

Allstate Financial core debt pre-tax yield		5.2	%		5.0	%		4.9	%		5.0	%		4.9	%		4.9	%		4.8	%		5.0	%		4.9	%

Allstate Financial core debt pre-tax yield excluding prepayment premiums and litigation proceeds		4.9	%		4.8	%		4.7	%		4.8	%		4.8	%		4.8	%		4.8	%		4.8	%		4.8	%

(1) Includes fixed income securities, mortgage loans, short-term and other investments.

(2) Includes limited partnership interests, equity securities and real estate.

(3) Total return on investment portfolio is calculated from GAAP results including the total of net investment income, realized capital gains and losses, the change in unrealized net capital gains and losses, and the change in the difference between fair value and carrying value of mortgage loans and cost method limited partnerships, divided by the average fair value balances. For purposes of the total return calculation, investments classified as held for sale are included.

(4) Consolidated core debt net investment income excluding investments classified as held for sale totaled $670 million for the three months ended September 30, 2013

(5) Pre-tax core debt yield is calculated as annualized core debt investment income before investment expense divided by the average of core debt investment balances at the end of each quarter during the year. Core debt investment balances, for purposes of the pre-tax yield calculation, exclude unrealized capital gains and losses and include investments classified as held for sale. Excluding investments classified as held for sale, pre-tax consolidated core debt yield was 4.2% for the three months ended September 30, 2013.

Definitions of Non-GAAP Measures

We believe that investors’ understanding of Allstate’s performance is enhanced by our disclosure of the following non-GAAP measures. Our methods for calculating these measures may differ from those used by other companies and therefore comparability may be limited.

Operating income is net income available to common shareholders, excluding:

- realized capital gains and losses, after-tax, except for periodic settlements and accruals on non-hedge derivative instruments, which are reported with realized capital gains and losses but included in operating income,

- valuation changes on embedded derivatives that are not hedged, after-tax,

- amortization of deferred acquisition costs (“DAC”) and deferred sales inducements (“DSI”), to the extent they resulted from the recognition of certain realized capital gains and losses or valuation changes on embedded derivatives that are not hedged, after-tax,

- business combination expenses and the amortization of purchased intangible assets, after-tax,

- gain (loss) on disposition of operations, after-tax, and

- adjustments for other significant non-recurring, infrequent or unusual items, when (a) the nature of the charge or gain is such that it is reasonably unlikely to recur within two years, or (b) there has been no similar charge or gain within the prior two years.

Net income available to common shareholders is the GAAP measure that is most directly comparable to operating income. We use operating income as an important measure to evaluate our results of operations. We believe that the measure provides investors with a valuable measure of the Company’s ongoing performance because it reveals trends in our insurance and financial services business that may be obscured by the net effect of realized capital gains and losses, valuation changes on embedded derivatives that are not hedged, business combination expenses and the amortization of purchased intangible assets, gain (loss) on disposition of operations and adjustments for other significant non-recurring, infrequent or unusual items. Realized capital gains and losses, valuation changes on embedded derivatives that are not hedged and gain (loss) on disposition of operations may vary significantly between periods and are generally driven by business decisions and external economic developments such as capital market conditions, the timing of which is unrelated to the insurance underwriting process. Consistent with our intent to protect results or earn additional income, operating income includes periodic settlements and accruals on certain derivative instruments that are reported in realized capital gains and losses because they do not qualify for hedge accounting or are not designated as hedges for accounting purposes. These instruments are used for economic hedges and to replicate fixed income securities, and by including them in operating income, we are appropriately reflecting their trends in our performance and in a manner consistent with the economically hedged investments, product attributes (e.g. net investment income and interest credited to contractholder funds) or replicated investments. Business combination expenses are excluded because they are non-recurring in nature and the amortization of purchased intangible assets is excluded because it relates to the acquisition purchase price and is not indicative of our underlying insurance business results or trends. Non-recurring items are excluded because, by their nature, they are not indicative of our business or economic trends. Accordingly, operating income excludes the effect of items that tend to be highly variable from period to period and highlights the results from ongoing operations and the underlying profitability of our business. A byproduct of excluding these items to determine operating income is the transparency and understanding of their significance to net income variability and profitability while recognizing these or similar items may recur in subsequent periods. Operating income is used by management along with the other components of net income available to common shareholders to assess our performance. We use adjusted measures of operating income and operating income per diluted common share in incentive compensation. Therefore, we believe it is useful for investors to evaluate net income available to common shareholders, operating income and their components separately and in the aggregate when reviewing and evaluating our performance. We note that investors, financial analysts, financial and business media organizations and rating agencies utilize operating income results in their evaluation of our and our industry’s financial performance and in their investment decisions, recommendations and communications as it represents a reliable, representative and consistent measurement of the industry and the Company and management’s performance. We note that the price to earnings multiple commonly used by insurance investors as a forward-looking valuation technique uses operating income as the denominator. Operating income should not be considered as a substitute for net income available to common shareholders and does not reflect the overall profitability of our business. A reconciliation of operating income to net income available to common shareholders is provided in the schedule, “Contribution to Income”.

Underwriting income is calculated as premiums earned, less claims and claims expense (“losses”), amortization of DAC, operating costs and expenses and restructuring and related charges as determined using GAAP. Management uses this measure in its evaluation of the results of operations to analyze the profitability of our Property-Liability insurance operations separately from investment results. It is also an integral component of incentive compensation. It is useful for investors to evaluate the components of income separately and in the aggregate when reviewing performance. Net income available to common shareholders is the most directly comparable GAAP measure. Underwriting income should not be considered as a substitute for net income available to common shareholders and does not reflect the overall profitability of our business. A reconciliation of Property-Liability underwriting income to net income available to common shareholders is provided in the schedule, “Property-Liability Results”.

Combined ratio excluding the effect of catastrophes is a non-GAAP ratio, which is computed as the difference between two GAAP operating ratios: the combined ratio and the effect of catastrophes on the combined ratio. The most directly comparable GAAP measure is the combined ratio.

We believe that this ratio is useful to investors and it is used by management to reveal the trends in our Property-Liability business that may be obscured by catastrophe losses. Catastrophe losses cause our loss trends to vary significantly between periods as a result of their incidence of occurrence

and magnitude and can have a significant impact on the combined ratio. We believe it is useful for investors to evaluate these components separately and in the aggregate when reviewing our underwriting performance. The combined ratio excluding the effect of catastrophes should not be considered

a substitute for the combined ratio and does not reflect the overall underwriting profitability of our business. A reconciliation of combined ratio excluding the effect of catastrophes to combined ratio is provided in the schedule, “Property-Liability Results”.

Combined ratio excluding the effect of catastrophes, prior year reserve reestimates, business combination expenses and the amortization of purchased intangible assets (“underlying combined ratio”) is a non-GAAP ratio, which is computed as the difference between four GAAP operating ratios: the combined ratio, the effect of catastrophes on the combined ratio, the effect of prior year reserve reestimates on the combined ratio, the effect of business combination expenses and the amortization of purchased intangible assets on the combined ratio. We believe that this ratio is useful to investors and it is used by management to reveal the trends in our Property-Liability business that may be obscured by catastrophe losses, prior year reserve reestimates, business combination expenses and the amortization of purchased intangible assets. Catastrophe losses cause our loss trends to vary significantly between periods as a result of their incidence of occurrence and magnitude, and can have a significant impact on the combined ratio. Prior year reserve reestimates are caused by unexpected loss development on historical reserves. Business combination expenses and the amortization of purchased intangible assets primarily relate to the acquisition purchase price and are not indicative of our underlying insurance business results or trends. We believe it is useful for investors to evaluate these components separately and in the aggregate when reviewing our underwriting performance. We also provide it to facilitate a comparison to our outlook on the underlying combined ratio. The most directly comparable GAAP measure is the combined ratio. The underlying combined ratio should not be considered as a substitute for the combined ratio and does not reflect the overall underwriting profitability of our business. A reconciliation of the underlying combined ratio to combined ratio is provided in the schedules, “Property-Liability Results”, “Standard Auto Profitability Measures”, “Homeowners Profitability Measures”, “Allstate Brand Profitability Measures”, “Encompass Brand Profitability Measures” and “Esurance Brand Profitability Measures”.

Operating income return on common shareholders’ equity is a ratio that uses a non-GAAP measure. It is calculated by dividing the rolling 12-month operating income by the average of common shareholders’ equity at the beginning and at the end of the 12-months, after excluding the effect of unrealized net capital gains and losses. Return on common shareholders’ equity is the most directly comparable GAAP measure. We use operating income as the numerator for the same reasons we use operating income, as discussed above. We use average common shareholders’ equity excluding the effect of unrealized net capital gains and losses for the denominator as a representation of common shareholders’ equity primarily attributable to the Company’s earned and realized business operations because it eliminates the effect of items that are unrealized and vary significantly between periods due to external economic developments such as capital market conditions like changes in equity prices and interest rates, the amount and timing of which are unrelated to the insurance underwriting process. We use it to supplement our evaluation of net income available to common shareholders and return on common shareholders’ equity because it excludes the effect of items that tend to be highly variable from period to period. We believe that this measure is useful to investors and that it provides a valuable tool for investors when considered along with net income return on common shareholders’ equity because it eliminates the after-tax effects of realized and unrealized net capital gains and losses that can fluctuate significantly from period to period and that are driven by economic developments, the magnitude and timing of which are generally not influenced by management. In addition, it eliminates non-recurring items that are not indicative of our ongoing business or economic trends. A byproduct of excluding the items noted above to determine operating income return on common shareholders’ equity from return on common shareholders’ equity is the transparency and understanding of their significance to return on common shareholders’ equity variability and profitability while recognizing these or similar items may recur in subsequent periods. Therefore, we believe it is useful for investors to have operating income return on common shareholders’ equity and return on common shareholders’ equity when evaluating our performance. We note that investors, financial analysts, financial and business media organizations and rating agencies utilize operating income return on common shareholders’ equity results in their evaluation of our and our industry’s financial performance and in their investment decisions, recommendations and communications as it represents a reliable, representative and consistent measurement of the industry and the company and management’s utilization of capital. Operating income return on common shareholders’ equity should not be considered as a substitute for return on common shareholders’ equity and does not reflect the overall profitability of our business. A reconciliation of return on common shareholders’ equity and operating income return on common shareholders’ equity can be found in the schedule, “Return on Common Shareholders’ Equity”.

Book value per common share, excluding the impact of unrealized net capital gains and losses on fixed income securities, is a ratio that uses a non-GAAP measure. It is calculated by dividing common shareholders’ equity after excluding the impact of unrealized net capital gains and losses on fixed income securities and related DAC, DSI and life insurance reserves by total common shares outstanding plus dilutive potential common shares outstanding. We use the trend in book value per common share, excluding the impact of unrealized net capital gains and losses on fixed income securities, in conjunction with book value per common share to identify and analyze the change in net worth attributable to management efforts between periods. We believe the non-GAAP ratio is useful to investors because it eliminates the effect of items that can fluctuate significantly from period to period and are generally driven by economic developments, primarily capital market conditions, the magnitude and timing of which are generally not influenced by management, and we believe it enhances understanding and comparability of performance by highlighting underlying business activity and profitability drivers. We note that book value per common share, excluding the impact of unrealized net capital gains and losses on fixed income securities, is a measure commonly used by insurance investors as a valuation technique. Book value per common share is the most directly comparable GAAP measure. Book value per common share, excluding the impact of unrealized net capital gains and losses on fixed income securities, should not be considered as a substitute for book value per common share, and does not reflect the recorded net worth of our business. A reconciliation of book value per common share, excluding the impact of unrealized net capital gains on fixed income securities, and book value per common share can be found in the schedule, “Book Value per Common Share”.

	PAGE
Consolidated
Statements of Operations	1
Contribution to Income	2
Revenues	3
Statements of Financial Position	4
Book Value Per Common Share	5
Return on Common Shareholders’ Equity	6
Debt to Capital	7
Statements of Cash Flows	8
Analysis of Deferred Policy Acquisition Costs	9-10

Property-Liability Operations
Property-Liability Results	11
Underwriting Results by Area of Business	12
Premiums Written by Market Segment	13
Allstate Brand Premiums Written	14
Impact of Net Rate Changes Approved on Premiums Written	15
Allstate Brand Profitability Measures	16
Encompass Brand Profitability Measures	17
Esurance Brand Profitability Measures and Statistics	18
Standard Auto Profitability Measures	19
Allstate Brand Standard Auto Loss Ratio of Top 5 States	20
Non-standard Auto Profitability Measures	21
Auto Profitability Measures	22
Homeowners Profitability Measures	23
Other Personal Lines Profitability Measures	24
Property-Liability Policies in Force and Other Statistics	25
Allstate Brand Domestic Operating Measures and Statistics	26
Homeowners Supplemental Information	27
Allstate Protection Catastrophe Losses by Market Segment	28
Effect of Catastrophe Losses on the Combined Ratio	29
Allstate Protection Catastrophe by Size of Event	30
Prior Year Reserve Reestimates	31
Asbestos and Environmental Reserves	32

Allstate Financial Operations
Allstate Financial Results	33
Return on Attributed Equity	34
Premiums and Contract Charges	35
Change in Contractholder Funds	36
Analysis of Net Income	37
Allstate Financial Weighted Average Investment Spreads	38
Allstate Financial Supplemental Product Information	39
Allstate Financial Insurance Policies and Annuities in Force	40

Corporate and Other Results	41

Investments
Investments	42
Investment Portfolio Details	43
Limited Partnership Investments	44
Unrealized Net Capital Gains and Losses on Security Portfolio by Type	45
Net Investment Income, Yields and Realized Capital Gains and Losses (Pre-tax)	46
Property-Liability Net Investment Income, Yields and Realized Capital Gains and Losses (Pre-tax)	47
Allstate Financial Net Investment Income, Yields and Realized Capital Gains and Losses (Pre-tax)	48
Investment Results	49

Definitions of Non-GAAP Measures	50