Allstate Announces Retirement of CFO John Carl

Northbrook, IL, March 19,2002 — Allstate announced today that senior vice president & chief financial officer John Carl, 54, has announced his intention, as a result of health related concerns, to retire from the company by the end of the second quarter.

Carl was appointed to his current position at Allstate in early 1999. He joined Allstate from the Amoco Corporation, where he had been executive vice president and chief financial officer since 1994.

“John has made a major contribution to The Allstate Corporation during his time here,” said Allstate chairman, president and CEO Edward M. Liddy. “He brought to the company a wealth of financial experience gained across a wide range of corporations and industries, and his broad perspective and shareholder value orientation helped guide our growth strategies over the last three years. A successor will be named at a later date, and John will, of course, assist in an orderly transition.”

The Allstate Corporation (NYSE: ALL) is the nation’s largest publicly held personal lines insurer. Widely known through the “You’re In Good Hands With AllstateР’В®” slogan, Allstate provides insurance products to more than 14 million households and has approximately 13,000 exclusive agents in the U.S. and Canada. Customers can access Allstate products and services through Allstate agents, or in select states at allstate.com and 1-800-Allstate. EncompassSM and DeerbrookР’В® Insurance brand property and casualty products are sold exclusively through independent agents. Allstate Financial Group includes the businesses that provide life insurance, retirement and investment products, through Allstate agents, workplace marketing, independent agents, banks and securities firms.

FOR MORE INFORMATION:

Mary Alice Horstman
Mike Trevino
Allstate Media Relations
(847) 402-5600