Allstate - You're in good hands

09/24/2008 NORTHBROOK, Ill. -

The Allstate Corporation (NYSE:ALL) today provided on its website updates to its investment holdings and certain other financial relationships with the following companies including their subsidiaries: Merrill Lynch & Co, American International Group (AIG), Bank of America, Goldman Sachs Group, Inc, Lehman Brothers Holdings, Morgan Stanley, JP Morgan Chase & Co, Washington Mutual, Inc, Fannie Mae and Freddie Mac.

Allstate's large investment portfolio reflects the corporation's investment philosophy of diversification and high quality assets.

The total amount of Allstate investments in the companies listed above is not material and represents approximately 2% of the company's investments.

Details of these investments can be found on http://media.corporate-ir.net/media_files/irol/93/93125/reports2/FinancialSector9_19_08.pdf.

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 Allstate®" slogan, Allstate is reinventing protection and retirement to help individuals in approximately 17 million households protect what they have today and better prepare for tomorrow. Customers can access Allstate products and services such as auto insurance and homeowners insurance through approximately 14,700 exclusive Allstate agencies and financial representatives in the U.S. and Canada, or in select states at allstate.com and 1-800 Allstate®. Encompass® and Deerbrook® Insurance brand property and casualty products are sold exclusively through independent agents. The Allstate Financial Group provides life insurance, supplemental accident and health insurance, annuity, banking and retirement products designed for individual, institutional and worksite customers that are distributed through Allstate agencies, independent agencies, financial institutions and broker-dealers. Customers can also access information about Allstate Financial Group products and services at myallstatefinancial.com.

Media:
Maria C. Gemskie
(847) 402-5600

Investor Relations:
Bob Block
Larry Moews
Christine Ieuter
(847) 402-2800