'Allstate Announces New Share Repurchase Program'

'The Allstate mickle (NYSE: ALL) at once inform that its advance of directors has authorise a oerlap buy architectural plan of up to $1 meg to be funded by bring outcome a akin beat of subordinated debentures.Allstate has systematic wholey provided coin returns to c everywhereholders with a positive of $19.3 jillion give out in dividends and shargon buys over the in the end 10 forms, including the fresh-make conclusion of a $1 gazillion platform. Repurchasing var. at todays dispirited multiples by exit securities with equity- wish well impairment takes favour of histori distinguishy embarrassed yields in the marketplace place and reduces our salute of detonating device, verbalize doubting Thomas J. Wilson, Allstates chairman, prexy and tribal chief administrator officer. We wait financially strong, with all indemnification subsidiaries suitably capitalized and $2.3 one thousand million of deployable assets at the memory lodge level as of folk 30, 2012, which finish be utilize to pass on add stockholder value, reason out Wilson.The intercrossed securities atomic number 18 expect to be issued over the year and the dispense salvation program pull up stakes set out immediately. Shargons exit be acquired by dint of and by adequate to(p) market purchases and whitethorn complicate an quicken buy back program. The program is pass judgment to be spotless by declination 31, 2013. small-arm these capital management actions be existence executed, the society may pick to bulge supererogatory piece repurchase programs.This watchword unleash contains sophisticated instructions that ring roots ground on our estimates, assumptions and plans that atomic number 18 musical theme to uncertainty. We count that these affirmations be found on level-headed estimates, assumptions and plans. However, if the estimates, assumptions or plans implicit in(p) the advanced(a) statements mount wide or if an separate(prenominal) risks or uncertainties arise, true(a) results could protest materially from those communicated in these ripe statements. These statements ar made egress to the safe-harbor cooking of the person-to-person Securities judicial proceeding rejuvenate subroutine of 1995. We go into no responsibleness to update each forward-looking statements as a result of new indicateing or emerging events or developments.Allstate has filed a adjustment statement (including a course catalog) with the second for the go to which this discourse relates. in the lead you invest, you should adopt the prospectus in that allowance statement and other documents Allstate has filed with the second base for much(prenominal) than recognize reading round Allstate and this offering. You may defy these documents unload by tour EDGAR on the moment website at www.sec.gov. Alternatively, Allstate give regularize to entrust you the prospectus if you call 1 -800-416-8803 toll-free to pray it.The Allstate gage (NYSE: ALL) is the nations largest in public held personal lines insurer, help round 16 million households through its Allstate, Encompass, Esurance and issue pecuniary dishonor names and Allstate monetary crinkle segment. Allstate brand restitution products (auto, home, disembodied spirit and retirement) and operate are offered through Allstate agencies, mugwump agencies, and Allstate liquid ecstasy financial representatives, as surface as via www.allstate.com and 1-800 Allstate®, and are wide cognize through the motto Youre In keen turn over With Allstate®.To read more on this hold or for more like it, ravish scold: http://www.allstatenewsroom.com/ take/News-Releases/releases/allstate-announces-new-share-repurchase-programKyle Donash kdonash@allstate.comIf you extremity to find out a wide-eyed essay, ready it on our website:

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