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Allstate Announces Leadership Change at Allstate Financial

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^{Published in Business and Finance on Tuesday, December 9th 2008 at 11:20 GMT by Market Wire}  

NORTHBROOK, Ill.--([ BUSINESS WIRE ])--The Allstate Corporation (NYSE:ALL) today announced that James E. Hohmann, president and chief executive officer of Allstate Financial, will leave the company effective January 5, 2009. George Ruebenson, president, Allstate Protection, will take responsibility for the key operational areas while a thorough search for a new leader is conducted. Ruebenson has been with Allstate for 38 years and has consistently led teams to achieve business results through difficult market conditions.

"Allstate plays an important role in serving millions of Americans who rely on us for common-sense solutions to help them protect their assets and prepare for the future," said chairman, president, and chief executive officer, Thomas J. Wilson. "Despite the hard work of our team we must be more focused on creating a sustainable business model that reflects a new economic environment and reality for our customers. I look forward to working with George and the entire leadership team to ensure that Allstate Financial lives up to its full potential."

Wilson continued, "We remain committed to the success of Allstate Financial. With this business, we can leverage our brand and investing expertise, improve our relationship with customers and take advantage of opportunities in the growing retirement space. I want to thank Jim Hohmann for his contributions to Allstate and wish him well in his future endeavors."

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^®" slogan, Allstate is reinventing protection and retirement to help individuals in approximately 17 million households protect what they have today and better prepare for tomorrow. Customers can access Allstate products and services such as auto insurance and homeowners insurance through approximately 14,700 exclusive Allstate agencies and financial representatives in the U.S. and Canada, or in select states at allstate.com and 1-800 Allstate^®. The Allstate Financial Group provides life insurance, supplemental accident and health insurance, annuity, banking and retirement products designed for individual, institutional and worksite customers that are distributed through Allstate agencies, independent agencies, financial institutions and broker-dealers. Customers can also access information about Allstate Financial Group products and services at [ myallstatefinancial.com ].