Spreadsheet: 07296c68-386c-439e-ae6d-c17a93d8cce3
Sheet: 21

THE ALLSTATE CORPORATION
ESURANCE BRAND PROFITABILITY MEASURES AND STATISTICS
 |  |  |  | Three months ended |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Twelve months ended
 |  |  |  | Dec. 31, |  |  | Sept. 30, |  |  | June 30, |  |  | March 31, |  |  | Dec. 31,(1) |  |  | Dec. 31, |  |  | Dec. 31,(1)
($ in millions) |  |  |  | 2012 |  |  | 2012 |  |  | 2012 |  |  | 2012 |  |  | 2011 |  |  | 2012 |  |  | 2011
 | Net premiums written |  | $ | 256 |  | $ | 282 |  | $ | 224 |  | $ | 262 |  | $ | 181 |  | $ | 1024 |  | $ | 181
 | Net premiums earned
 |  | Standard auto | $ | 264 |  | $ | 248 |  | $ | 234 |  | $ | 221 |  | $ | 201 |  | $ | 967 |  | $ | 201
 | Incurred losses
 |  | Standard auto | $ | 215 |  | $ | 192 |  | $ | 178 |  | $ | 161 |  | $ | 157 |  | $ | 746 |  | $ | 157
 | Expenses
 |  | Standard auto | $ | 95 |  | $ | 102 |  | $ | 95 |  | $ | 121 |  | $ | 88 |  | $ | 413 |  | $ | 88
 | Underwriting loss |  | $ | -46 |  | $ | -46 |  | $ | -39 |  | $ | -61 |  | $ | -44 |  | $ | -192 |  | $ | -44
 | Loss ratio |  |  | 81.43939393939394 |  |  | 77.41935483870968 |  |  | 76.06837606837607 |  |  | 72.8 |  |  | 78.1 |  |  | 77.24581178903826 |  |  | 78.1094527363184
 | Expense ratio |  |  | 35.98484848484848 |  |  | 41.12903225806452 |  |  | 40.5982905982906 |  |  | 54.8 |  |  | 43.8 |  |  | 42.70941054808686 |  |  | 43.78109452736319
 | Combined ratio |  |  | 117.4242424242424 |  |  | 118.5483870967742 |  |  | 116.6666666666667 |  |  | 127.6018099547511 |  |  | 121.9 |  |  | 119.8552223371251 |  |  | 121.8905472636816
 | Effect of catastrophe losses on combined ratio |  |  | 2.3 |  |  | 0.8 |  |  | 2.6 |  |  | 0.3524886877828055 |  |  | 0 |  |  | 1.6 |  |  | 0
 | Effect of prior year reserve reestimates on combined ratio |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
 | Effect of business combination expenses and the amortization
 |  | of purchased intangible assets on combined ratio |  | 7.2 |  |  | 8.1 |  |  | 8.1 |  |  | 18.1 |  |  | 20.9 |  |  | 10.1 |  |  | 20.9
 | Effect of advertising expenses on combined ratio |  |  | 9.5 |  |  | 16.5 |  |  | 16.2 |  |  | 20.4 |  |  | 10.9 |  |  | 15.4 |  |  | 10.9
 | Combined ratio excluding the effect of catastrophes,
 | prior year reserve reestimates, business combination expenses,
 | and the amortization of purchased intangible assets ("underlying") |  |  | 107.9242424242424 |  |  | 109.6483870967742 |  |  | 105.9666666666667 |  |  | 109.1018099547511 |  |  | 101 |  |  | 108.1552223371251 |  |  | 100.9905472636816
 |  | Effect of catastrophe losses |  | 2.3 |  |  | 0.8 |  |  | 2.6 |  |  | 0.4 |  |  | 0 |  |  | 1.6 |  |  | 0
 |  | Effect of prior year non-catastrophe reserve reestimates |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0
 |  | Effect of business combination expenses and the amortization of
 |  | purchased intangible assets |  | 7.2 |  |  | 8.1 |  |  | 8.1 |  |  | 18.1 |  |  | 20.9 |  |  | 10.1 |  |  | 20.9
 | Combined ratio |  |  | 117.4242424242424 |  |  | 118.5483870967742 |  |  | 116.6666666666667 |  |  | 127.6018099547511 |  |  | 121.9 |  |  | 119.8552223371251 |  |  | 121.8905472636816
 | Policies in Force (in thousands) |  |  | 1029 |  |  | 962 |  |  | 892 |  |  | 849 |  |  | 786 |  |  | 1029 |  |  | 786
 | Average Premium - Gross Written ($) |  |  | 484 |  |  | 485 |  |  | 490 |  |  | 508 |  |  | n/a |  |  | 493 |  |  | n/a
 | Renewal Ratio (%) (2) |  |  | 80.1 |  |  | 79.7 |  |  | 81.9 |  |  | 80.5 |  |  | 78.7 |  |  | 80.5 |  |  | 78.5
 | Impact of Esurance brand on Allstate Protection combined ratio |  |  | 0.7 |  |  | 0.7 |  |  | 0.6 |  |  | 0.9200603318250378 |  |  | 0.6662628709872804 |  |  | 0.7 |  |  | 0.6662628709872804
 | Impact of Esurance brand on Allstate Protection expense ratio |  |  | 1.4 |  |  | 1.5 |  |  | 1.4 |  |  | 1.825037707390649 |  |  | 1.332525741974561 |  |  | 1.5 |  |  | 1.332525741974561
(1) | Represents period from October 7, 2011 to December 31, 2011.
(2) | The Esurance brand renewal ratios for prior periods were restated to conform to the computation methodology used for Allstate and [NAME] brand.
n/a | Not available.