Spreadsheet: 07296c68-386c-439e-ae6d-c17a93d8cce3
Sheet: 22

THE ALLSTATE CORPORATION
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 | $ | 3872 |  | $ | 3988 |  | $ | 3903 |  | $ | 3937 |  | $ | 3812 |  | $ | 3996 |  | $ | 3911 |  | $ | 3984 |  | $ | 15700 |  | $ | 15703
 |  | Encompass brand |  | 153 |  |  | 163 |  |  | 160 |  |  | 142 |  |  | 147 |  |  | 159 |  |  | 154 |  |  | 144 |  |  | 618 |  |  | 604
 |  | Esurance brand |  | 256 |  |  | 282 |  |  | 224 |  |  | 262 |  |  | 181 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 1024 |  |  | 181
 |  |  |  | 4281 |  |  | 4433 |  |  | 4287 |  |  | 4341 |  |  | 4140 |  |  | 4155 |  |  | 4065 |  |  | 4128 |  |  | 17342 |  |  | 16488
 | Net premiums earned
 |  | Allstate brand | $ | 3921 |  | $ | 3910 |  | $ | 3909 |  | $ | 3897 |  | $ | 3897 |  | $ | 3916 |  | $ | 3938 |  | $ | 3928 |  | $ | 15637 |  | $ | 15679
 |  | Encompass brand |  | 153 |  |  | 152 |  |  | 153 |  |  | 151 |  |  | 151 |  |  | 154 |  |  | 155 |  |  | 160 |  |  | 609 |  |  | 620
 |  | Esurance brand |  | 264 |  |  | 248 |  |  | 234 |  |  | 221 |  |  | 201 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 967 |  |  | 201
 |  |  |  | 4338 |  |  | 4310 |  |  | 4296 |  |  | 4269 |  |  | 4249 |  |  | 4070 |  |  | 4093 |  |  | 4088 |  |  | 17213 |  |  | 16500
 | Incurred losses
 |  | Allstate brand | $ | 2988 |  | $ | 2617 |  | $ | 2734 |  | $ | 2713 |  | $ | 2713 |  | $ | 2712 |  | $ | 2882 |  | $ | 2760 |  | $ | 11052 |  | $ | 11067
 |  | Encompass brand |  | 118 |  |  | 121 |  |  | 125 |  |  | 118 |  |  | 129 |  |  | 135 |  |  | 122 |  |  | 121 |  |  | 482 |  |  | 507
 |  | Esurance brand |  | 215 |  |  | 192 |  |  | 178 |  |  | 161 |  |  | 157 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 746 |  |  | 157
 |  |  |  | 3321 |  |  | 2930 |  |  | 3037 |  |  | 2992 |  |  | 2999 |  |  | 2847 |  |  | 3004 |  |  | 2881 |  |  | 12280 |  |  | 11731
 | Expenses
 |  | Allstate brand | $ | 1001 |  | $ | 977 |  | $ | 1000 |  | $ | 998 |  | $ | 1008 |  | $ | 973 |  | $ | 989 |  | $ | 973 |  | $ | 3976 |  | $ | 3943
 |  | Encompass brand |  | 47 |  |  | 45 |  |  | 42 |  |  | 43 |  |  | 44 |  |  | 44 |  |  | 44 |  |  | 45 |  |  | 177 |  |  | 177
 |  | Esurance brand |  | 95 |  |  | 102 |  |  | 95 |  |  | 121 |  |  | 88 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 413 |  |  | 88
 |  |  |  | 1143 |  |  | 1124 |  |  | 1137 |  |  | 1162 |  |  | 1140 |  |  | 1017 |  |  | 1033 |  |  | 1018 |  |  | 4566 |  |  | 4208
 | Underwriting income
 |  | Allstate brand | $ | -68 |  | $ | 316 |  | $ | 175 |  | $ | 186 |  | $ | 176 |  | $ | 231 |  | $ | 67 |  | $ | 195 |  | $ | 609 |  | $ | 669
 |  | Encompass brand |  | -12 |  |  | -14 |  |  | -14 |  |  | -10 |  |  | -22 |  |  | -25 |  |  | -11 |  |  | -6 |  |  | -50 |  |  | -64
 |  | Esurance brand |  | -46 |  |  | -46 |  |  | -39 |  |  | -61 |  |  | -44 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | -192 |  |  | -44
 |  |  |  | -126 |  |  | 256 |  |  | 122 |  |  | 115 |  |  | 110 |  |  | 206 |  |  | 56 |  |  | 189 |  |  | 367 |  |  | 561
 | Loss ratio
 |  | Allstate brand |  | 76.20504973221117 |  |  | 66.9309462915601 |  |  | 69.94116142235866 |  |  | 69.61765460610727 |  |  | 69.61765460610727 |  |  | 69.25434116445352 |  |  | 73.18435754189943 |  |  | 70.26476578411406 |  |  | 70.67851889748673 |  |  | 70.58485872823522
 |  | Encompass brand |  | 77.12418300653596 |  |  | 79.60526315789474 |  |  | 81.69934640522875 |  |  | 78.1456953642384 |  |  | 85.43046357615894 |  |  | 87.56233766233767 |  |  | 78.70967741935485 |  |  | 75.725 |  |  | 79.14614121510674 |  |  | 81.7741935483871
 |  | Esurance brand |  | 81.43939393939394 |  |  | 77.41935483870968 |  |  | 76.06837606837607 |  |  | 72.75067873303168 |  |  | 78.1094527363184 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 77.24581178903826 |  |  | 78.1094527363184
 |  | Allstate Protection |  | 76.55601659751036 |  |  | 67.98143851508121 |  |  | 70.69366852886407 |  |  | 70.0866713516046 |  |  | 70.58131325017652 |  |  | 69.95085995085995 |  |  | 73.39359882726606 |  |  | 70.47455968688845 |  |  | 71.4414279904723 |  |  | 71.0969696969697
 | Expense ratio
 |  | Allstate brand |  | 25.52920173425147 |  |  | 24.98721227621483 |  |  | 25.58199027884369 |  |  | 25.60944316140621 |  |  | 25.86605080831409 |  |  | 24.84678243105209 |  |  | 25.11427120365668 |  |  | 24.67087576374745 |  |  | 25.42687216217945 |  |  | 25.14828751833663
 |  | Encompass brand |  | 30.71895424836601 |  |  | 29.60526315789473 |  |  | 27.45098039215686 |  |  | 28.47682119205298 |  |  | 29.23907284768212 |  |  | 28.57142857142857 |  |  | 28.38709677419355 |  |  | 28.125 |  |  | 29.06403940886699 |  |  | 28.54838709677419
 |  | Esurance brand |  | 35.98484848484848 |  |  | 41.12903225806452 |  |  | 40.5982905982906 |  |  | 54.75113122171946 |  |  | 43.78109452736319 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 42.70941054808686 |  |  | 43.78109452736319
 |  | Allstate Protection |  | 26.34854771784233 |  |  | 26.07888631090487 |  |  | 26.46648044692738 |  |  | 27.21948934176622 |  |  | 26.82984231583902 |  |  | 24.88771498771499 |  |  | 25.23821158074762 |  |  | 24.90215264187867 |  |  | 26.52646255736943 |  |  | 25.5030303030303
 | Combined ratio
 |  | Allstate brand |  | 101.7342514664626 |  |  | 91.91815856777494 |  |  | 95.52315170120235 |  |  | 95.22709776751347 |  |  | 95.48370541442135 |  |  | 94.10112359550563 |  |  | 98.29862874555612 |  |  | 95.0356415478615 |  |  | 96.10539105966618 |  |  | 95.73314624657185
 |  | Encompass brand |  | 107.843137254902 |  |  | 109.2105263157895 |  |  | 109.1503267973856 |  |  | 106.6225165562914 |  |  | 114.5695364238411 |  |  | 116.2337662337662 |  |  | 107.0967741935484 |  |  | 103.75 |  |  | 108.2101806239737 |  |  | 110.3225806451613
 |  | Esurance brand |  | 117.4242424242424 |  |  | 118.5483870967742 |  |  | 116.6666666666667 |  |  | 127.6018099547511 |  |  | 121.8905472636816 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 119.8552223371251 |  |  | 121.8905472636816
 |  | Allstate Protection |  | 102.9045643153527 |  |  | 94.06032482598607 |  |  | 97.16014897579144 |  |  | 97.30616069337081 |  |  | 97.41115556601552 |  |  | 94.93857493857493 |  |  | 98.63181040801369 |  |  | 95.37671232876713 |  |  | 97.86789054784175 |  |  | 96.6
 | Effect of catastrophe losses on combined ratio
 |  | Allstate brand |  | 9.3 |  |  | 1.3 |  |  | 3.9 |  |  | 1.231716705157814 |  |  | 0.2052861175263023 |  |  | 2.860061287027579 |  |  | 6.70391061452514 |  |  | 0.4582484725050917 |  |  | 3.9 |  |  | 2.6
 |  | Encompass brand |  | 9.8 |  |  | 1.3 |  |  | 2.6 |  |  | 0.6622516556291391 |  |  | 0.6622516556291391 |  |  | 3.246753246753246 |  |  | 3.225806451612903 |  |  | 0 |  |  | 3.6 |  |  | 1.8
 |  | Esurance brand |  | 2.3 |  |  | 0.8 |  |  | 2.6 |  |  | 0.3524886877828055 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 1.6 |  |  | 0
 | Effect of prior year reserve reestimates on combined ratio
 |  | Allstate brand |  | -1.7 |  |  | -3.2 |  |  | -2 |  |  | -1.157377469848601 |  |  | -3.2 |  |  | -3.3 |  |  | -2.2 |  |  | -0.4 |  |  | -2 |  |  | -2.3
 |  | Encompass brand |  | -14.4 |  |  | 0.7 |  |  | 0 |  |  | 0.6622516556291391 |  |  | 0 |  |  | 6.5 |  |  | 0 |  |  | 3.1 |  |  | -3.3 |  |  | 2.4
 |  | Esurance brand |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
 | Effect of business combination expenses and the amortization
 |  | of purchased intangible assets on combined ratio
 |  | Esurance brand |  | 7.2 |  |  | 8.1 |  |  | 8.1 |  |  | 18.09954751131222 |  |  | 20.9 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 10.1 |  |  | 20.9
 | Allstate brand combined ratio excluding the effect of
 | catastrophes and prior year reserve reestimates ("underlying") |  |  | 94.03425146646263 |  |  | 93.71815856777494 |  |  | 93.42315170120234 |  |  | 94.92709776751347 |  |  | 98.38370541442134 |  |  | 94.40112359550562 |  |  | 93.6986287455561 |  |  | 94.8356415478615 |  |  | 94.00539105966617 |  |  | 95.33314624657186
 |  | Effect of catastrophe losses on combined ratio |  | 9.3 |  |  | 1.3 |  |  | 3.9 |  |  | 1.2 |  |  | 0.2 |  |  | 2.9 |  |  | 6.7 |  |  | 0.5 |  |  | 3.9 |  |  | 2.6
 |  | Effect of prior year non-catastrophe reserve reestimates
 |  | on combined ratio |  | -1.6 |  |  | -3.1 |  |  | -1.8 |  |  | -0.9 |  |  | -3.1 |  |  | -3.2 |  |  | -2.1 |  |  | -0.3 |  |  | -1.8 |  |  | -2.2
 | Allstate brand combined ratio |  |  | 101.7342514664626 |  |  | 91.91815856777494 |  |  | 95.52315170120235 |  |  | 95.22709776751347 |  |  | 95.48370541442135 |  |  | 94.10112359550563 |  |  | 98.29862874555612 |  |  | 95.0356415478615 |  |  | 96.10539105966618 |  |  | 95.73314624657185
 |  | Effect of catastrophe losses included in prior year
 |  | reserve reestimates on combined ratio |  | -0.1 |  |  | -0.1 |  |  | -0.2 |  |  | -0.3 |  |  | -0.1 |  |  | -0.1 |  |  | -0.1 |  |  | -0.1 |  |  | -0.2 |  |  | -0.1