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Allstate to Discuss Fourth Quarter 2001 Earnings With Investors

    NORTHBROOK, Ill., Jan. 31 /PRNewswire-FirstCall/ -- The Investor Relations
Department of The Allstate Corporation (NYSE: ALL) will conduct a conference
call on Wednesday, February 6, 2002 at 10 a.m. Eastern Standard Time (EST).
The conference call will follow the company's release of its 2001 fourth
quarter earnings report.
    Those interested in listening to the call live can access it via an
Internet webcast on the company's web site. Go to allstate.com/webcast, and
then click on the "Live Webcast" link.
    For those not able to listen to the call live, the entire conference call
will be replayed via a webcast beginning shortly after 11 a.m. EST on
Wednesday, February 6, through 11 a.m. EST Wednesday, February 13, 2002.  The
replay also can be accessed on the company's web site.

    The Allstate Corporation (NYSE: ALL) is the nation's largest publicly held
personal lines insurer.  Widely known through the "You're In Good Hands With
Allstate(R)" slogan, Allstate provides insurance products to more than 14
million households and has approximately 13,000 exclusive agents in the U.S.
and Canada.  Customers can access Allstate products and services through
Allstate agents, or in select states at allstate.com and 1-800-Allstate.
Encompass(SM) and Deerbrook(SM) Insurance brand property and casualty products
are sold exclusively through independent agents.  Allstate Financial Group
includes the businesses that provide life insurance, retirement and investment
products, through Allstate agents, workplace marketing, independent agents,
banks and securities firms.



SOURCE The Allstate Corporation




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    CONTACT:
    Michael Trevino of Allstate Corporation,
    +1-847-402-5600