Exhibit 99.1

FOR IMMEDIATE RELEASE

Contacts:    
Greg Burns                Pat Macellaro
Media Relations          Investor Relations
(847) 402-5600                (847) 402-2800


Allstate Finishes 2015 with Strong Fourth Quarter
Achieves full-year underlying combined ratio outlook
NORTHBROOK, Ill., February 3, 2016 – The Allstate Corporation (NYSE: ALL) today reported financial results for the fourth quarter and full year 2015. The financial highlights were:
The Allstate Corporation Consolidated Highlights
 
Three months ended
December 31,
 
Twelve months ended
December 31,
($ millions, except per share amounts and ratios)
2015
2014
% / pts
Change
 
2015
2014
% / pts
Change
Consolidated revenues
$
8,691

$
8,759

(0.8
)
 
$
35,653

$
35,239

1.2

Net income applicable to common shareholders
460

795

(42.1
)
 
2,055

2,746

(25.2
)
per diluted common share
1.18

1.86

(36.6
)
 
5.05

6.27

(19.5
)
Operating income*
625

736

(15.1
)
 
2,113

2,367

(10.7
)
per diluted common share*
1.60

1.72

(7.0
)
 
5.19

5.40

(3.9
)
Return on common shareholders’ equity
 
 
 
 
 
 
 
Net income applicable to common shareholders
 
 
 
 
10.6
%
13.3
%
(2.7) pts

Operating income*
 
 
 
 
11.6
%
12.6
%
 (1.0) pts

Book value per common share
 
 
 
 
47.34

48.24

(1.9
)
Book value per common share, excluding the impact of unrealized net capital gains and losses on fixed income securities*
 
 
 
 
46.20

44.33

4.2

Property-Liability combined ratio
 
 
 
 
 
 
 
Recorded
92.0

90.0

 2.0 pts

 
94.9

93.9

1.0 pts

Underlying combined ratio* (excludes catastrophes, prior year reserve reestimates and amortization of purchased intangibles)
87.4

89.5

(2.1) pts

 
88.7

87.2

1.5 pts

Catastrophe losses
358

95

N/M

 
1,719

1,993

(13.7
)
NM= not meaningful
*
Measures used in this release that are not based on accounting principles generally accepted in the United States of America (“non-GAAP”) are defined and reconciled to the most directly comparable GAAP measure in the “Definitions of Non-GAAP Measures” section of this document.

“Allstate had a strong fourth quarter, enabling us to achieve our full-year 2015 underlying combined ratio goal while proactively addressing a challenging external environment,” said Thomas J. Wilson, chairman and chief executive officer of The Allstate Corporation. “The operating environment for auto insurance continued to reflect a widespread increase in the number of auto accidents. Despite this, we generated an underlying combined ratio of 87.4 in the fourth quarter, bringing the full-year result to 88.7, which was within the range we established at the beginning of the year. The organization focused throughout the year to achieve this goal by increasing auto insurance prices, tightening underwriting standards, maintaining good returns in homeowners insurance and controlling expenses. While growth slowed as a result of these actions, total policies in force rose by 449,000 for the year, which helped increase Property-Liability net written premium by $1.3 billion. We expect the property-liability underlying combined ratio for the full year 2016 to be between 88 and 90.

1

The following information was filed by Allstate Corp (ALL) on Wednesday, February 3, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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