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Allstate Increases Quarterly Dividend

    NORTHBROOK, Ill., Feb. 5 /PRNewswire-FirstCall/ -- The Allstate
Corporation (NYSE: ALL) today increased the regular quarterly dividend by two
cents to 21 cents per share ($0.21) on the common stock of the company.  The
dividend is payable April 1, 2002 to shareholders of record at the close of
business on February 28, 2002.
    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 The Allstate Corporation,
    +1-847-402-5600