Market Overview

Allstate Announces May 2018 Catastrophe Loss Estimate

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The Allstate Corporation (NYSE:ALL) today announced estimated
catastrophe losses for the month of May 2018 of $278 million, pre-tax
($220 million after-tax). Catastrophe losses occurring in May comprised
12 events at an estimated cost of $224 million, pre-tax, plus
unfavorable reserve reestimates of prior reported catastrophe losses.
Two severe wind and hail events, primarily impacting Mid-Atlantic,
Northeast and certain Midwest states, accounted for approximately 60% of
May event catastrophe losses. The unfavorable reserve reestimates
primarily relate to anticipated assessments from the Texas Windstorm
Insurance Association related to Hurricane Harvey. Allstate previously
announced $211 million, pre-tax ($167 million after-tax), in estimated
catastrophe losses for the month of April 2018, bringing second quarter
months of April and May 2018 to $489 million, pre-tax ($387 million
after-tax).

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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