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Allstate Corp. Reports Estimated Catastrophe Losses - Quick Facts

Allstate Corp. (ALL) reported estimated catastrophe losses for the month of
December of $25 million, pre-tax ($20 million, after-tax). This brings the estimated
catastrophe losses for the fourth quarter to $295 million, pre-tax ($233
million, after-tax).

Allstate Corp. also noted that its Transformative Growth Plan resulted in a $51 million, pre-tax charge ($40 million, after-tax) in the fourth quarter for impairment of the Esurance trade name intangible asset from the 2011 acquisition. The company noted that this amount will reduce net income but will be excluded from adjusted net income.

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