Spreadsheet: 07296c68-386c-439e-ae6d-c17a93d8cce3
Sheet: 45

THE ALLSTATE CORPORATION
INVESTMENTS
($ in millions)
 |  |  | PROPERTY-LIABILITY |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | ALLSTATE FINANCIAL
 |  |  |  | Dec. 31, |  |  | Sept. 30, |  |  | June 30, |  |  | March 31, |  |  | Dec. 31, |  |  |  | Dec. 31, |  |  | Sept. 30, |  |  | June 30, |  |  | March 31, |  |  | Dec. 31,
 |  |  |  | 2012 |  |  | 2012 |  |  | 2012 |  |  | 2012 |  |  | 2011 |  |  |  | 2012 |  |  | 2012 |  |  | 2012 |  |  | 2012 |  |  | 2011
Fixed income securities, at fair value:
Tax-exempt |  |  | $ | 7419 |  | $ | 8002 |  | $ | 7915 |  | $ | 7634 |  | $ | 8239 |  |  | $ | 3 |  | $ | 28 |  | $ | 29 |  | $ | 37 |  | $ | 38
Taxable |  |  |  | 22262 |  |  | 21787 |  |  | 21578 |  |  | 21272 |  |  | 19562 |  |  |  | 45793 |  |  | 46317 |  |  | 46390 |  |  | 46232 |  |  | 46252
Equity securities, at fair value |  |  |  | 3671 |  |  | 3660 |  |  | 3470 |  |  | 3636 |  |  | 4165 |  |  |  | 366 |  |  | 216 |  |  | 211 |  |  | 211 |  |  | 198
Mortgage loans |  |  |  | 493 |  |  | 498 |  |  | 494 |  |  | 494 |  |  | 474 |  |  |  | 6077 |  |  | 6406 |  |  | 6434 |  |  | 6673 |  |  | 6665
Limited partnership interests |  |  |  | 2991 |  |  | 3106 |  |  | 2877 |  |  | 2889 |  |  | 3055 |  |  |  | 1924 |  |  | 1860 |  |  | 1806 |  |  | 1729 |  |  | 1612
Short-term, at fair value |  |  |  | 912 |  |  | 756 |  |  | 699 |  |  | 608 |  |  | 451 |  |  |  | 907 |  |  | 1320 |  |  | 893 |  |  | 681 |  |  | 645
Other |  |  |  | 467 |  |  | 200 |  |  | 253 |  |  | 192 |  |  | 52 |  |  |  | 1929 |  |  | 2008 |  |  | 1971 |  |  | 2057 |  |  | 1963
Total |  |  | $ | 38215 |  | $ | 38009 |  | $ | 37286 |  | $ | 36725 |  | $ | 35998 |  |  | $ | 56999 |  | $ | 58155 |  | $ | 57734 |  | $ | 57620 |  | $ | 57373
Fixed income securities, at amortized cost:
Tax-exempt |  |  | $ | 7061 |  | $ | 7616 |  | $ | 7592 |  | $ | 7350 |  | $ | 7935 |  |  | $ | 3 |  | $ | 28 |  | $ | 29 |  | $ | 36 |  | $ | 37
Taxable |  |  |  | 21311 |  |  | 20752 |  |  | 20878 |  |  | 20742 |  |  | 19188 |  |  |  | 42043 |  |  | 42495 |  |  | 43464 |  |  | 43936 |  |  | 44259
Ratio of fair value to amortized cost |  |  |  | 1.046137036514874 |  |  | 1.050091652566272 |  |  | 1.035932560590095 |  |  | 1.028976220988182 |  |  | 1.024997234819157 |  |  |  | 1.089188032155259 |  |  | 1.089880770406604 |  |  | 1.067275193709333 |  |  | 1.052237787683071 |  |  | 1.045015351273253
Equity securities, at cost |  |  | $ | 3250 |  | $ | 3271 |  | $ | 3270 |  | $ | 3270 |  | $ | 4044 |  |  | $ | 327 |  | $ | 158 |  | $ | 160 |  | $ | 160 |  | $ | 159
Short-term, at amortized cost |  |  |  | 912 |  |  | 756 |  |  | 699 |  |  | 608 |  |  | 451 |  |  |  | 907 |  |  | 1320 |  |  | 893 |  |  | 681 |  |  | 645
 |  |  | CORPORATE AND OTHER |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | CONSOLIDATED
 |  |  |  | Dec. 31, |  |  | Sept. 30, |  |  | June 30, |  |  | March 31, |  |  | Dec. 31, |  |  |  | Dec. 31, |  |  | Sept. 30, |  |  | June 30, |  |  | March 31, |  |  | Dec. 31,
 |  |  |  | 2012 |  |  | 2012 |  |  | 2012 |  |  | 2012 |  |  | 2011 |  |  |  | 2012 |  |  | 2012 |  |  | 2012 |  |  | 2012 |  |  | 2011
Fixed income securities, at fair value:
Tax-exempt |  |  | $ | 616 |  | $ | 724 |  | $ | 775 |  | $ | 748 |  | $ | 728 |  |  | $ | 8038 |  | $ | 8754 |  | $ | 8719 |  | $ | 8419 |  | $ | 9005
Taxable |  |  |  | 924 |  |  | 871 |  |  | 1239 |  |  | 1300 |  |  | 1294 |  |  |  | 68979 |  |  | 68975 |  |  | 69207 |  |  | 68804 |  |  | 67108
Equity securities, at fair value |  |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  |  | 4037 |  |  | 3876 |  |  | 3681 |  |  | 3847 |  |  | 4363
Mortgage loans |  |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  |  | 6570 |  |  | 6904 |  |  | 6928 |  |  | 7167 |  |  | 7139
Limited partnership interests |  |  |  | 7 |  |  | 8 |  |  | 11 |  |  | 19 |  |  | 30 |  |  |  | 4922 |  |  | 4974 |  |  | 4694 |  |  | 4637 |  |  | 4697
Short-term, at fair value |  |  |  | 517 |  |  | 749 |  |  | 275 |  |  | 597 |  |  | 195 |  |  |  | 2336 |  |  | 2825 |  |  | 1867 |  |  | 1886 |  |  | 1291
Other |  |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  |  | 2396 |  |  | 2208 |  |  | 2224 |  |  | 2249 |  |  | 2015
Total |  |  | $ | 2064 |  | $ | 2352 |  | $ | 2300 |  | $ | 2664 |  | $ | 2247 |  |  | $ | 97278 |  | $ | 98516 |  | $ | 97320 |  | $ | 97009 |  | $ | 95618
Fixed income securities, at amortized cost:
Tax-exempt |  |  | $ | 580 |  | $ | 684 |  | $ | 739 |  | $ | 714 |  | $ | 689 |  |  | $ | 7644 |  | $ | 8328 |  | $ | 8360 |  | $ | 8100 |  | $ | 8661
Taxable |  |  |  | 917 |  |  | 857 |  |  | 1223 |  |  | 1282 |  |  | 1271 |  |  |  | 64271 |  |  | 64104 |  |  | 65565 |  |  | 65960 |  |  | 64718
Ratio of fair value to amortized cost |  |  |  | 1.02872411489646 |  |  | 1.035042180402336 |  |  | 1.026503567787971 |  |  | 1.026052104208417 |  |  | 1.031632653061225 |  |  |  | 1.070944865466175 |  |  | 1.073130660481555 |  |  | 1.054122421373013 |  |  | 1.042708614636781 |  |  | 1.037258616225351
Equity securities, at cost |  |  | $ | 0 |  | $ | 0 |  | $ | 0 |  | $ | 0 |  | $ | 0 |  |  | $ | 3577 |  | $ | 3429 |  | $ | 3430 |  | $ | 3430 |  | $ | 4203
Short-term, at amortized cost |  |  |  | 517 |  |  | 749 |  |  | 275 |  |  | 597 |  |  | 195 |  |  |  | 2336 |  |  | 2825 |  |  | 1867 |  |  | 1886 |  |  | 1291