Spreadsheet: 07296c68-386c-439e-ae6d-c17a93d8cce3
Sheet: 11

THE ALLSTATE CORPORATION
HISTORICAL CONSOLIDATED OPERATING
AND FINANCIAL POSITION DATA
($ in millions except per share data)
 |  |  |  |  | As of or for the Year Ended December 31,
 |  |  |  |  | 2012 |  |  | 2011 |  |  | 2010 |  |  | 2009 |  |  | 2008
Consolidated statements of operations data:
 | Insurance premiums and contract charges |  |  | $ | 28978 |  | $ | 28180 |  | $ | 28125 |  | $ | 28152 |  | $ | 28862
 | Net investment income |  |  |  | 4010 |  |  | 3971 |  |  | 4102 |  |  | 4444 |  |  | 5622
 | Realized capital gains and losses |  |  |  | 327 |  |  | 503 |  |  | -827 |  |  | -583 |  |  | -5090
 |  | Total revenues |  | $ | 33315 |  | $ | 32654 |  | $ | 31400 |  | $ | 32013 |  | $ | 29394
 | Operating income |  |  | $ | 2148 |  | $ | 662 |  | $ | 1506 |  | $ | 1880 |  | $ | 1730
 | Realized capital gains and losses, after-tax |  |  |  | 216 |  |  | 324 |  |  | -537 |  |  | -628 |  |  | -3311
 | Valuation changes on embedded derivatives that
 |  | are not hedged, after-tax |  |  | 82 |  |  | -12 |  |  | 0 |  |  | 0 |  |  | 0
 | DAC and DSI (amortization) accretion relating to
 |  | realized capital gains and losses and valuation changes
 |  | on embedded derivatives that are not hedged, after-tax |  |  | -42 |  |  | -108 |  |  | -29 |  |  | -153 |  |  | 333
 | DAC and DSI unlocking relating to
 |  | realized capital gains and losses, after-tax |  |  | 4 |  |  | 3 |  |  | -12 |  |  | -219 |  |  | -203
 | Non-recurring items, after-tax (1) |  |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | -80
 | Reclassification of periodic settlements
 |  | and accruals on non-hedge derivative
 |  | instruments, after-tax |  |  | -33 |  |  | -35 |  |  | -29 |  |  | -2 |  |  | -14
 | Business combination expenses and the amortization
 |  | of purchased intangible assets, after-tax |  |  | -81 |  |  | -42 |  |  | 0 |  |  | 0 |  |  | 0
 | Gain (loss) on disposition of operations, after-tax |  |  |  | 12 |  |  | -5 |  |  | 12 |  |  | 10 |  |  | 3
 | Net income (loss) |  |  | $ | 2306 |  | $ | 787 |  | $ | 911 |  | $ | 888 |  | $ | -1542
Income per share - Diluted
 | Operating income |  |  | $ | 4.36 |  | $ | 1.27 |  | $ | 2.78 |  | $ | 3.48 |  | $ | 3.16
 | Realized capital gains and losses, after-tax |  |  |  | 0.44 |  |  | 0.62 |  |  | -0.99 |  |  | -1.16 |  |  | -6.04
 | Valuation changes on embedded derivatives that
 |  | are not hedged, after-tax |  |  | 0.17 |  |  | -0.02 |  |  | 0 |  |  | 0 |  |  | 0
 | DAC and DSI (amortization) accretion relating to
 |  | realized capital gains and losses and valuation changes
 |  | on embedded derivatives that are not hedged, after-tax |  |  | -0.09 |  |  | -0.21 |  |  | -0.05 |  |  | -0.29 |  |  | 0.61
 | DAC and DSI unlocking relating to
 |  | realized capital gains and losses, after-tax |  |  | 0.01 |  |  | 0 |  |  | -0.02 |  |  | -0.41 |  |  | -0.37
 | Non-recurring items, after-tax (1) |  |  |  | 0 |  |  | 0 |  |  | 0 |  |  | 0 |  |  | -0.15
 | Reclassification of periodic settlements
 |  | and accruals on non-hedge derivative
 |  | instruments, after-tax |  |  | -0.07 |  |  | -0.07 |  |  | -0.06 |  |  | 0 |  |  | -0.02
 | Business combination expenses and the amortization
 |  | of purchased intangible assets, after-tax |  |  | -0.16 |  |  | -0.08 |  |  | 0 |  |  | 0 |  |  | 0
 | Gain (loss) on disposition of operations, after-tax |  |  |  | 0.02 |  |  | -0.01 |  |  | 0.02 |  |  | 0.02 |  |  | 0
 | Net income (loss) |  |  | $ | 4.68 |  | $ | 1.5 |  | $ | 1.68 |  | $ | 1.64 |  | $ | -2.81
 | Net income (loss) per share - Basic |  |  | $ | 4.711892112791173 |  | $ | 1.513347416938736 |  | $ | 1.69 |  | $ | 1.65 |  | $ | -2.81
Consolidated statements of financial position data:
 | Investments |  |  | $ | 97278 |  | $ | 95618 |  | $ | 100483 |  | $ | 99833 |  | $ | 95998
 | Total assets |  |  |  | 126947 |  |  | 125193 |  |  | 130500 |  |  | 132209 |  |  | 134351
 | Reserves for claims and claims expense,
 | life-contingent contract benefits and
 | contractholder funds |  |  |  | 75502 |  |  | 77113 |  |  | 81113 |  |  | 84659 |  |  | 90750
 | Debt |  |  |  | 6057 |  |  | 5908 |  |  | 5908 |  |  | 5910 |  |  | 5659
 | Shareholders' equity |  |  |  | 20580 |  |  | 18298 |  |  | 18617 |  |  | 16184 |  |  | 12121
 | Book value per share |  |  |  | 42.39 |  |  | 36.18 |  |  | 34.58 |  |  | 29.9 |  |  | 22.51
Operating ratios:
 | Annual statutory premiums written to surplus
 | ratio (U.S. property-liability operations) |  |  |  | 1.6x |  |  | 1.6x |  |  | 1.6x |  |  | 1.7x |  |  | 1.9x
Other operating data:
 | Total employees (2) |  |  |  | 38500 |  |  | 37300 |  |  | 35200 |  |  | 36000 |  |  | 38500
 | Total Allstate agencies (2)(3) |  |  |  | 11200 |  |  | 11900 |  |  | 13400 |  |  | 14200 |  |  | 14700
(1) | During the fourth quarter of 2008, for traditional life insurance and immediate annuities with life contingencies, an aggregate premium deficiency of $123 million, pre-tax ($80 million, after-tax) resulted primarily from an experience study indicating that the annuitants on certain life-contingent contracts are projected to live longer than we anticipated when the contracts were issued, and, to a lesser degree, a reduction in the related investment portfolio yield.  The deficiency was recorded through a reduction in deferred acquisition costs.
(2) | Rounded to the nearest hundred.
(3) | Total Allstate agencies represents exclusive Allstate agencies and financial representatives in the United States and Canada.