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Letter to the Editor

Allstate Announces Retirement of CFO John Carl

NORTHBROOK, Ill. -- Allstate senior vice president and chief financial officer John Carl has announced his intention, as a result of health related concerns, to retire from the company by the end of the second quarter.

Carl was appointed to his current position at Allstate in early 1999. He joined Allstate from the Amoco Corporation, where he had been executive vice president and chief financial officer since 1994.

"John has made a major contribution to The Allstate Corporation during his time here," said Allstate chairman, president and CEO Edward M. Liddy. "He brought to the company a wealth of financial experience gained across a wide range of corporations and industries, and his broad perspective and shareholder value orientation helped guide our growth strategies over the last three years. A successor will be named at a later date, and John will, of course, assist in an orderly transition."

The Allstate Corporation is the nation's largest publicly held personal lines insurer.

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