Allstate's enterprise capital adequacy still does not support the rating level, despite strong earnings in 2012 and an improving risk profile. We are affirming our ratings on Allstate and selected subsidiaries. The negative outlook reflects management's need to demonstrate a disciplined capital-management strategy, hinged on its commitment to achieve and maintain capital adequacy that supports the rating. NEW YORK (Standard&Poor's) April 15, 2013--Standard&Poor's Ratings Services said today that it affirmed its long-term counterparty credit and financial strength ratings on Allstate Corp.'s (NYSE: ALL) core property-liability insurance companies (collectively, Allstate Protection) and the life insurance companies we deem strategically important to the group (collectively, Allstate Financial) at 'AA-' and 'A+', respectively. At the same time, we affirmed
