Spreadsheet: 07296c68-386c-439e-ae6d-c17a93d8cce3
Sheet: 32

THE ALLSTATE CORPORATION
PROPERTY-LIABILITY
EFFECT OF PRIOR YEAR RESERVE REESTIMATES ON THE COMBINED RATIO
($ in millions, except ratios)
 |  |  | 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,
 |  |  |  | 2012 |  |  | 2012 |  |  | 2012 |  |  | 2012 |  |  | 2011 |  |  | 2011 |  |  | 2011 |  |  | 2011 |  |  | 2012 |  |  | 2011
Prior Year Reserve Reestimates (1)
Auto |  |  | $ | -100 |  | $ | -134 |  | $ | -83 |  | $ | -48 |  | $ | -136 |  | $ | -136 |  | $ | -90 |  | $ | -19 |  | $ | -365 |  | $ | -381
Homeowners |  |  |  | -74 |  |  | -72 |  |  | -56 |  |  | -119 |  |  | -30 |  |  | -4 |  |  | 3 |  |  | -38 |  |  | -321 |  |  | -69
Other personal lines |  |  |  | 17 |  |  | 15 |  |  | -22 |  |  | -40 |  |  | 33 |  |  | 12 |  |  | 36 |  |  | 13 |  |  | -30 |  |  | 94
Allstate Protection |  |  |  | -157 |  |  | -191 |  |  | -161 |  |  | -207 |  |  | -133 |  |  | -128 |  |  | -51 |  |  | -44 |  |  | -716 |  |  | -356
Discontinued Lines and Coverages |  |  |  | 3 |  |  | 42 |  |  | 3 |  |  | 3 |  |  | 3 |  |  | 11 |  |  | 4 |  |  | 3 |  |  | 51 |  |  | 21
Property-Liability |  |  | $ | -154 |  | $ | -149 |  | $ | -158 |  | $ | -204 |  | $ | -130 |  | $ | -117 |  | $ | -47 |  | $ | -41 |  | $ | -665 |  | $ | -335
Allstate brand (2) |  |  | $ | -134 |  | $ | -181 |  | $ | -151 |  | $ | -205 |  | $ | -142 |  | $ | -132 |  | $ | -49 |  | $ | -48 |  | $ | -671 |  | $ | -371
Encompass brand (2) |  |  |  | -23 |  |  | -10 |  |  | -10 |  |  | -2 |  |  | 9 |  |  | 4 |  |  | -2 |  |  | 4 |  |  | -45 |  |  | 15
Esurance brand |  |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Allstate Protection (2) |  |  | $ | -157 |  | $ | -191 |  | $ | -161 |  | $ | -207 |  | $ | -133 |  | $ | -128 |  | $ | -51 |  | $ | -44 |  | $ | -716 |  | $ | -356
Effect of Prior Year Reserve
Reestimates on Combined Ratio (1)(3)
Auto |  |  |  | -1.5 |  |  | -2 |  |  | -1.3 |  |  | -0.7 |  |  | -2.1 |  |  | -2.1 |  |  | -1.4 |  |  | -0.3 |  |  | -1.4 |  |  | -1.5
Homeowners |  |  |  | -1.1 |  |  | -1.1 |  |  | -0.8 |  |  | -1.8 |  |  | -0.4 |  |  | -0.1 |  |  | 0 |  |  | -0.6 |  |  | -1.2 |  |  | -0.3
Other personal lines |  |  |  | 0.3 |  |  | 0.2 |  |  | -0.3 |  |  | -0.6 |  |  | 0.5 |  |  | 0.2 |  |  | 0.6 |  |  | 0.2 |  |  | -0.1 |  |  | 0.4
Allstate Protection |  |  |  | -2.3 |  |  | -2.9 |  |  | -2.4 |  |  | -3.1 |  |  | -2 |  |  | -2 |  |  | -0.7999999999999999 |  |  | -0.7 |  |  | -2.7 |  |  | -1.4
Discontinued Lines and Coverages |  |  |  | 0 |  |  | 0.7 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0.2 |  |  | 0.1 |  |  | 0 |  |  | 0.2 |  |  | 0.1
Property-Liability |  |  |  | -2.3 |  |  | -2.2 |  |  | -2.4 |  |  | -3.1 |  |  | -2 |  |  | -1.8 |  |  | -0.7 |  |  | -0.7 |  |  | -2.5 |  |  | -1.3
Allstate brand |  |  |  | -2 |  |  | -2.7 |  |  | -2.3 |  |  | -3.1 |  |  | -2.1 |  |  | -2.1 |  |  | -0.8 |  |  | -0.8 |  |  | -2.5 |  |  | -1.4
Encompass brand |  |  |  | -0.3 |  |  | -0.2 |  |  | -0.1 |  |  | 0 |  |  | 0.1 |  |  | 0.1 |  |  | 0 |  |  | 0.1 |  |  | -0.2 |  |  | 0
Esurance brand |  |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
Allstate Protection |  |  |  | -2.3 |  |  | -2.9 |  |  | -2.4 |  |  | -3.1 |  |  | -2 |  |  | -2 |  |  | -0.8 |  |  | -0.7000000000000001 |  |  | -2.7 |  |  | -1.4
(1) | Favorable reserve reestimates are shown in parentheses.
(2) | Favorable reserve reestimates included in catastrophe losses for Allstate Brand, Encompass Brand and Allstate Protection totaled $78 million, $2 million and $80 million in the three months ended December 31, 2012, respectively, compared to $32 million for both Allstate Brand and Allstate Protection in the same period of 2011.  Favorable reserve reestimates included in catastrophe losses for Allstate Brand, Encompass Brand and Allstate Protection totaled $388 million, $22 million and $410 million in the twelve months ended December 31, 2012, respectively, compared to $130 million for both Allstate Brand and Allstate Protection in the same period of 2011.
(3) | Calculated using Property-Liability premiums earned for the respective period.