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Allstate Announces March and First Quarter 2018 Catastrophe Loss Estimate

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The Allstate Corporation (NYSE:ALL) today announced estimated
catastrophe losses for the month of March 2018 of $222 million, pre-tax
($175 million after-tax), and an estimated $361 million, pre-tax ($285
million after-tax), for first quarter 2018. Catastrophe losses occurring
in the first quarter of 2018 comprised 11 events at an estimated cost of
$357 million, pre-tax, plus unfavorable reserve reestimates of prior
reported catastrophe losses. One wind-driven event, primarily affecting
Mid-Atlantic and Northeast states, accounted for over 55% of the
catastrophe losses for the month of March.

The
Allstate Corporation
(NYSE:ALL) is the nation's largest publicly
held personal lines insurer, protecting people from life's uncertainties
with 82 million proprietary policies. Allstate offers a broad array of
protection products through multiple brands and diverse distribution
channels, including auto,
home,
life
and other insurance offered through its Allstate,
Esurance,
Encompass
and Answer
Financial
brands. The company provides additional protection
products and services through Allstate
Benefits
, Allstate
Roadside Services
, Allstate
Dealer Services
, Arity
and SquareTrade.
Allstate is widely known from the slogan "You're In Good Hands With
Allstate®." Allstate agencies are in virtually every local
community in America. The
Allstate Foundation
, Allstate, its employees and agency owners have
a proud history of caring for local
communities
.

Financial information, including material announcements about The
Allstate Corporation, is routinely posted on www.allstateinvestors.com.

Forward-Looking Statements

This news release contains "forward-looking statements" that anticipate
results based on our estimates, assumptions and plans that are subject
to uncertainty. These statements are made subject to the safe-harbor
provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements do not relate strictly to historical or
current facts and may be identified by their use of words like "plans,"
"seeks," "expects," "will," "should," "anticipates," "estimates,"
"intends," "believes," "likely," "targets" and other words with similar
meanings. We believe these statements are based on reasonable estimates,
assumptions and plans. However, if the estimates, assumptions or plans
underlying the forward-looking statements prove inaccurate or if other
risks or uncertainties arise, actual results could differ materially
from those communicated in these forward-looking statements. Factors
that could cause actual results to differ materially from those
expressed in, or implied by, the forward-looking statements may be found
in our filings with the U.S. Securities and Exchange Commission,
including the "Risk Factors" section in our most recent annual report on
Form 10-K. Forward-looking statements are as of the date on which they
are made, and we assume no obligation to update or revise any
forward-looking statement.

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