Allstate Reports 2005 Fourth Quarter Net Income EPS of $1.59; Fourth Quarter Operating Income EPS of $1.49; Provides Guidance on 2006

Allstate Reports 2005 Fourth Quarter Net Income EPS of $1.59; Fourth Quarter Operating Income EPS of $1.49; Provides Guidance on 2006: "'Allstate finished the year with a solid performance in the quarter. Operating income was $975 million despite the sizeable influence on our results from catastrophe losses,' said Edward M. Liddy, chairman and chief executive officer, The Allstate Corporation. 'Hurricane Wilma, which struck south Florida as a category 3 hurricane in late October 2005, cost Allstate more than $500 million and will be one of the ten most costly catastrophes in U.S. history. Catastrophe losses in the quarter exceeded the average expected catastrophe losses we use in pricing by $0.30 per diluted share. Our book value per share increased by a strong 4.6 percent over the third quarter of 2005."