Spreadsheet: 07296c68-386c-439e-ae6d-c17a93d8cce3
Sheet: 2

THE ALLSTATE CORPORATION
CONTRIBUTION TO INCOME
($ in millions, except per share data)
 |  |  | 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
Contribution to income
 | Operating income (loss) before the impact of
 |  | restructuring and related charges | $ | 295 |  | $ | 723 |  | $ | 438 |  | $ | 714 |  | $ | 746 |  | $ | 85 |  | $ | -640 |  | $ | 500 |  | $ | 2170 |  | $ | 691
 | Restructuring and related charges, after-tax |  |  | -6 |  |  | -6 |  |  | -6 |  |  | -4 |  |  | -11 |  |  | -5 |  |  | -7 |  |  | -6 |  |  | -22 |  |  | -29
 | Operating income (loss) * |  |  | 289 |  |  | 717 |  |  | 432 |  |  | 710 |  |  | 735 |  |  | 80 |  |  | -647 |  |  | 494 |  |  | 2148 |  |  | 662
 | Realized capital gains and losses, after-tax |  |  | 136 |  |  | -47 |  |  | 17 |  |  | 110 |  |  | 55 |  |  | 170 |  |  | 36 |  |  | 63 |  |  | 216 |  |  | 324
 | Valuation changes on embedded derivatives that
 |  | are not hedged, after-tax |  | -6 |  |  | 97 |  |  | -3 |  |  | -6 |  |  | -13 |  |  | -4 |  |  | -3 |  |  | 8 |  |  | 82 |  |  | -12
 | DAC and DSI amortization relating to realized capital
 |  | gains and losses and valuation changes on embedded
 |  | derivatives that are not hedged, after-tax |  | -4 |  |  | -28 |  |  | 0 |  |  | -10 |  |  | -16 |  |  | -65 |  |  | -5 |  |  | -22 |  |  | -42 |  |  | -108
 | DAC and DSI unlocking relating to realized capital
 |  | gains and losses, after-tax |  | 0 |  |  | 4 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 3 |  |  | 4 |  |  | 3
 | Reclassification of periodic settlements
 |  | and accruals on non-hedge derivative
 |  | instruments, after-tax |  | -7 |  |  | -8 |  |  | -9 |  |  | -9 |  |  | -8 |  |  | -8 |  |  | -10 |  |  | -9 |  |  | -33 |  |  | -35
 | Business combination expenses and the amortization
 |  | of purchased intangible assets, after-tax |  | -16 |  |  | -18 |  |  | -16 |  |  | -31 |  |  | -42 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | -81 |  |  | -42
 | Gain (loss) on disposition of operations, after-tax |  |  | 2 |  |  | 6 |  |  | 2 |  |  | 2 |  |  | 1 |  |  | 2 |  |  | 5 |  |  | -13 |  |  | 12 |  |  | -5
 | Net income (loss) |  | $ | 394 |  | $ | 723 |  | $ | 423 |  | $ | 766 |  | $ | 712 |  | $ | 175 |  | $ | -624 |  | $ | 524 |  | $ | 2306 |  | $ | 787
Income per share - Diluted (1) (2)
 | Operating income (loss) before the impact of
 |  | restructuring and related charges | $ | 0.61 |  | $ | 1.48 |  | $ | 0.89 |  | $ | 1.42 |  | $ | 1.47 |  | $ | 0.17 |  | $ | -1.22 |  | $ | 0.94 |  | $ | 4.4 |  | $ | 1.32
 | Restructuring and related charges, after-tax |  |  | -0.02 |  |  | -0.02 |  |  | -0.02 |  |  | 0 |  |  | -0.02 |  |  | -0.01 |  |  | -0.02 |  |  | -0.01 |  |  | -0.04 |  |  | -0.05
 | Operating income (loss) |  |  | 0.59 |  |  | 1.46 |  |  | 0.87 |  |  | 1.42 |  |  | 1.45 |  |  | 0.16 |  |  | -1.24 |  |  | 0.9299999999999999 |  |  | 4.36 |  |  | 1.27
 | Realized capital gains and losses, after-tax |  |  | 0.28 |  |  | -0.09000000000000001 |  |  | 0.04 |  |  | 0.22 |  |  | 0.11 |  |  | 0.33 |  |  | 0.07 |  |  | 0.12 |  |  | 0.44 |  |  | 0.62
 | Valuation changes on embedded derivatives that
 |  | are not hedged, after-tax |  | -0.01 |  |  | 0.2 |  |  | -0.01 |  |  | -0.01 |  |  | -0.03 |  |  | -0.01 |  |  | -0.01 |  |  | 0.02 |  |  | 0.17 |  |  | -0.02
 | DAC and DSI amortization relating to realized capital
 |  | gains and losses and valuation changes on embedded
 |  | derivatives that are not hedged, after-tax |  | -0.01 |  |  | -0.06 |  |  | 0 |  |  | -0.02 |  |  | -0.03 |  |  | -0.13 |  |  | -0.01 |  |  | -0.04 |  |  | -0.09 |  |  | -0.21
 | DAC and DSI unlocking relating to realized capital
 |  | gains and losses, after-tax |  | 0 |  |  | 0.01 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0.01 |  |  | 0
 | Reclassification of periodic settlements
 |  | and accruals on non-hedge derivative
 |  | instruments, after-tax |  | -0.01 |  |  | -0.01 |  |  | -0.02 |  |  | -0.02 |  |  | -0.02 |  |  | -0.01 |  |  | -0.02 |  |  | -0.02 |  |  | -0.07 |  |  | -0.07
 | Business combination expenses and the amortization
 |  | of purchased intangible assets, after-tax |  | -0.03 |  |  | -0.04 |  |  | -0.03 |  |  | -0.06 |  |  | -0.08 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | -0.16 |  |  | -0.08
 | Gain (loss) on disposition of operations, after-tax |  |  | 0 |  |  | 0.01 |  |  | 0.01 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0.02 |  |  | -0.03 |  |  | 0.02 |  |  | -0.01
 | Net income (loss) |  | $ | 0.8099999999999999 |  | $ | 1.48 |  | $ | 0.86 |  | $ | 1.53 |  | $ | 1.4 |  | $ | 0.34 |  | $ | -1.19 |  | $ | 0.9799999999999998 |  | $ | 4.68 |  | $ | 1.5
 | Weighted average shares - Diluted |  |  | 487 |  |  | 489.9 |  |  | 493.8 |  |  | 501.5 |  |  | 506.8 |  |  | 514.2 |  |  | 523.1 |  |  | 533.6 |  |  | 493 |  |  | 523.1
(1) | In accordance with GAAP, the quarter and year-to-date per share amounts are calculated discretely.  Therefore, the sum of each quarter may not equal the year-to-date amount.
(2) | As a result of the net loss for the three-months ended June 30, 2011, weighted average dilutive potential common shares outstanding resulting from 2.1 million stock options and 0.5 million restricted stock units (non-participating) were not included in the computation of diluted earnings per share in that quarter, since inclusion of these securities would have an anti-dilutive effect.