Spreadsheet: 07296c68-386c-439e-ae6d-c17a93d8cce3
Sheet: 24

THE ALLSTATE CORPORATION
NON-STANDARD AUTO PROFITABILITY MEASURES
 |  |  | Three months ended |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Twelve months ended
 |  |  |  | Dec. 31, |  |  | Sept. 30, |  |  | June 30, |  |  | March 31, |  |  | Dec. 31, |  |  | Sept. 30, |  |  | June 30, |  |  | March 31, |  |  | Dec. 31, |  |  | Dec. 31,
($ in millions) |  |  |  | 2012 |  |  | 2012 |  |  | 2012 |  |  | 2012 |  |  | 2011 |  |  | 2011 |  |  | 2011 |  |  | 2011 |  |  | 2012 |  |  | 2011
 | Net premiums written
 |  | Allstate brand | $ | 159 |  | $ | 176 |  | $ | 174 |  | $ | 189 |  | $ | 174 |  | $ | 194 |  | $ | 197 |  | $ | 210 |  | $ | 698 |  | $ | 775
 |  | Encompass brand |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 1 |  |  | 0 |  |  | 1
 |  |  |  | 159 |  |  | 176 |  |  | 174 |  |  | 189 |  |  | 174 |  |  | 194 |  |  | 197 |  |  | 211 |  |  | 698 |  |  | 776
 | Net premiums earned
 |  | Allstate brand | $ | 171 |  | $ | 177 |  | $ | 184 |  | $ | 183 |  | $ | 186 |  | $ | 196 |  | $ | 205 |  | $ | 210 |  | $ | 715 |  | $ | 797
 |  | Encompass brand |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 1 |  |  | 1 |  |  | 0 |  |  | 2
 |  |  |  | 171 |  |  | 177 |  |  | 184 |  |  | 183 |  |  | 186 |  |  | 196 |  |  | 206 |  |  | 211 |  |  | 715 |  |  | 799
 | Incurred losses
 |  | Allstate brand | $ | 104 |  | $ | 103 |  | $ | 112 |  | $ | 123 |  | $ | 110 |  | $ | 112 |  | $ | 142 |  | $ | 136 |  | $ | 442 |  | $ | 500
 |  | Encompass brand |  | -2 |  |  | -2 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 1 |  |  | 1 |  |  | 1 |  |  | -4 |  |  | 3
 |  |  |  | 102 |  |  | 101 |  |  | 112 |  |  | 123 |  |  | 110 |  |  | 113 |  |  | 143 |  |  | 137 |  |  | 438 |  |  | 503
 | Expenses
 |  | Allstate brand | $ | 45 |  | $ | 43 |  | $ | 42 |  | $ | 44 |  | $ | 49 |  | $ | 48 |  | $ | 47 |  | $ | 48 |  | $ | 174 |  | $ | 192
 |  | Encompass brand |  | 1 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 1 |  |  | 0 |  |  | 1 |  |  | 1 |  |  | 2
 |  |  |  | 46 |  |  | 43 |  |  | 42 |  |  | 44 |  |  | 49 |  |  | 49 |  |  | 47 |  |  | 49 |  |  | 175 |  |  | 194
 | Underwriting income
 |  | Allstate brand | $ | 22 |  | $ | 31 |  | $ | 30 |  | $ | 16 |  | $ | 27 |  | $ | 36 |  | $ | 16 |  | $ | 26 |  | $ | 99 |  | $ | 105
 |  | Encompass brand |  | 1 |  |  | 2 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | -2 |  |  | 0 |  |  | -1 |  |  | 3 |  |  | -3
 |  |  |  | 23 |  |  | 33 |  |  | 30 |  |  | 16 |  |  | 27 |  |  | 34 |  |  | 16 |  |  | 25 |  |  | 102 |  |  | 102
 | Loss ratio
 |  | Allstate brand |  | 60.81871345029239 |  |  | 58.19209039548022 |  |  | 60.86956521739131 |  |  | 67.21311475409836 |  |  | 59.13978494623656 |  |  | 57.14285714285714 |  |  | 69.26829268292683 |  |  | 64.76190476190476 |  |  | 61.81818181818181 |  |  | 62.83525721455459
 |  | Encompass brand |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 100 |  |  | 100 |  |  | 0 |  |  | 150
 |  | Allstate Protection |  | 59.64912280701754 |  |  | 57.06214689265536 |  |  | 60.86956521739131 |  |  | 67.21311475409836 |  |  | 59.13978494623656 |  |  | 57.6530612244898 |  |  | 69.41747572815534 |  |  | 64.92890995260665 |  |  | 61.15874125874125 |  |  | 62.95369211514393
 | Expense ratio
 |  | Allstate brand |  | 26.31578947368421 |  |  | 24.29378531073446 |  |  | 22.82608695652174 |  |  | 24.14371584699454 |  |  | 26.44408602150538 |  |  | 24.48979591836735 |  |  | 22.92682926829269 |  |  | 22.75714285714286 |  |  | 24.43566433566434 |  |  | 23.99033877038896
 |  | Encompass brand |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 100 |  |  | 0 |  |  | 100
 |  | Allstate Protection |  | 26.90058479532163 |  |  | 24.29378531073446 |  |  | 22.82608695652174 |  |  | 24.14371584699454 |  |  | 26.44408602150538 |  |  | 25 |  |  | 22.81553398058253 |  |  | 23.32274881516588 |  |  | 24.47552447552448 |  |  | 24.18035043804756
 | Combined ratio
 |  | Allstate brand |  | 87.13450292397661 |  |  | 82.48587570621469 |  |  | 83.69565217391305 |  |  | 91.2568306010929 |  |  | 85.48387096774194 |  |  | 81.63265306122449 |  |  | 92.19512195121952 |  |  | 87.61904761904762 |  |  | 86.15384615384616 |  |  | 86.82559598494353
 |  | Encompass brand |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 100 |  |  | 200 |  |  | 0 |  |  | 250
 |  | Allstate Protection |  | 86.54970760233918 |  |  | 81.35593220338984 |  |  | 83.69565217391305 |  |  | 91.2568306010929 |  |  | 85.48387096774194 |  |  | 82.6530612244898 |  |  | 92.23300970873787 |  |  | 88.15165876777252 |  |  | 85.73426573426573 |  |  | 87.2340425531915
 | Effect of catastrophe losses on combined ratio
 |  | Allstate brand |  | 0.6 |  |  | 1.1 |  |  | 1.6 |  |  | 0 |  |  | 0 |  |  | 0.5102040816326531 |  |  | 3.902439024390244 |  |  | 0 |  |  | 0.8 |  |  | 1.1
 |  | Encompass brand |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
 | Effect of prior year reserve reestimates on combined ratio
 |  | Allstate brand |  | -7 |  |  | -4.5 |  |  | -1.6 |  |  | 0 |  |  | -7 |  |  | -8.7 |  |  | -1 |  |  | -3.3 |  |  | -3.2 |  |  | -4.9
 |  | Encompass brand |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | -100 |  |  | 0 |  |  | 0 |  |  | -50