Allstate Will Not Participate in TARP, Company Announces
May 19, 2009

Allstate Corp. officials announced today that the company has completed its review of the U.S. Treasury's Capital Purchase Program, a component of the Troubled Asset Relief Program (TARP) and will not participate in this.

"We applaud the administration's decision to include insurers in the U.S. Treasury's programs," says Thomas J. Wilson, chairman, president and chief executive officer. "Given Allstate's strong capital and liquidity positions, however, we will not participate in this program."

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