Allstate Elects Two New Board Members

Northbrook, Ill., Feb. 5, 2002 — Today, The Allstate Corporation (NYSE:ALL) elected Jack M. Greenberg, chairman and chief executive officer of McDonald’s Corporation, and J. Christopher Reyes, chairman of Reyes Holdings LLC, as members of its board of directors.

Mr. Greenberg, 59, also serves on the board of Abbott Laboratories and is a member of the board of trustees for Ronald McDonald House Charities, The Field Museum, and DePaul University.

Mr. Reyes, 48, whose company owns businesses in beverage and food distribution and is headquartered in Rosemont, Ill., serves on the boards of Dean Foods Co., the Boys & Girls Clubs of Chicago, Children’s Memorial Medical Center, Northwestern Memorial Foundation and Museum of Science and Industry.

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 DeerbrookSM 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:

Michael Trevino
Allstate Media Relations
(847) 402-5600