Allstate Recognizes Retiring Directors

Wed Feb 20, 2013 11:00am EST

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NORTHBROOK, Ill.,  Feb. 20, 2013  /PRNewswire/ -- The Allstate Corporation
(NYSE: ALL) announced that  Joshua I. Smith, 71, and  W. James Farrell, 70, will
not stand for re-election to its board of directors at Allstate's annual
stockholders meeting scheduled for  May 21, 2013. Smith is reaching the
retirement age set by Allstate's board policy, and Farrell has decided for
personal reasons not to stand for re-election one year before reaching
retirement age. With their retirements, the Allstate board will have 12 members.

Joshua Smith  has served on the Allstate board since 1997, currently as a member
of the compensation and succession and the nominating and governance committees.
With more than a decade of experience leading The Coaching Group, a management
consulting firm, Smith contributed extensive executive leadership and management
experience to the Allstate board. His considerable expertise with
entrepreneurial enterprises, specifically with small, minority- and women-owned
businesses, provided the board with valuable insights on managing Allstate's
relationships with its agencies. In addition, Smith's service on the boards of
Caterpillar, Comprehensive Care Corporation and Federal Express enhanced the
board's insights into corporate governance and executive compensation practices.
   

W. James Farrell  has been an Allstate director since 1999, currently serves as
chair of the compensation and succession committee and is a member of the
nominating and governance committee, where he also served as chair from 2006
until 2012. In addition, he has been a member of the executive committee since
2010. As chairman of Illinois Tool Works from 1996 until his retirement in 2006,
Farrell lent his management expertise and keen understanding of the
interrelationship between long-term and short-term business strategies to his
varied roles on Allstate's board. In addition, Farrell's service on the boards
of 3M, Abbott and United Continental gave him an in-depth understanding of
compensation programs and executive talent that were integral to Allstate board
decisions in these areas.  

"Allstate's board is composed of directors possessing strong expertise and
experience in strategic oversight, corporate governance, stockholder advocacy
and leadership," said  Thomas J. Wilson, chairman, president and chief executive
officer. "In particular, our directors have taken an active role in enhancing
our company's best practices as we actively solicited and acted upon investor
feedback on compensation and other corporate governance matters.  

"We thank Josh and Jim for their many years of outstanding service as Allstate
directors and wish them all the best in their retirements," Wilson said.

The Allstate Corporation  (NYSE: ALL) is the nation's largest publicly held
personal lines insurer, serving approximately 16 million households through its
Allstate, Encompass, Esurance and Answer Financial brand names and Allstate
Financial business segment. Allstate branded insurance products (auto, home,
life and retirement) and services are offered through Allstate agencies,
independent agencies, and Allstate exclusive financial representatives, as well
as via  www.allstate.com,  www.allstate.com/financial  and 1-800 Allstate®, and
are widely known through the slogan "You're In Good Hands With Allstate®."

SOURCE  The Allstate Corporation


Maryellen Thielen, +1-847-402-5600

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