Allstate - You're in good hands

09/18/2008 NORTHBROOK, Ill., -

Allstate (NYSE: ALL) today issued the following statement from Chairman, President and Chief Executive Officer Thomas J. Wilson regarding the election of former Allstate Chairman Edward M. Liddy as chairman and chief executive officer of AIG:

"Brilliant, strong leader, unwaveringly ethical... Ed undoubtedly is the right person to lead AIG through these difficult times. I worked alongside Ed for 15 years and am not surprised that he would step forward to take on this important challenge. Ed's sharp intellect, moral compass and track record of success with corporate restructuring, including the restructuring of Sears Roebuck which lead to the successful spinoff of Allstate, will serve AIG well."

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.

Contact:
Maria Gemskie
(847) 402-5600