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The Allstate Corporation Announces Quarterly Dividend

    NORTHBROOK, Ill., July 10 /PRNewswire/ -- The Allstate Corporation
(NYSE: ALL) today declared a quarterly dividend of 19 cents per share ($0.19)
on the common stock of the company.  The dividend is payable October 1, 2001
to shareholders of record at the close of business on August 31, 2001.
    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.



SOURCE The Allstate Corporation




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