NEW YORK (Standard&Poor's) Feb. 11, 2002--Standard&Poor's today affirmed its ratings on Allstate Corp. (Allstate) and related subsidiaries (see list). The outlook on Allstate Life Insurance Co. and related life subsidiaries, commonly referred to as Allstate Financial, has been revised to negative from stable. The outlook on Allstate Insurance Co. and related companies and the parent, Allstate Corp. remains stable. Today's decision to affirm the ratings on Allstate reflects the diversity and strength of the company's franchise in the U.S. personal auto, homeowners, life and asset accumulation businesses, its conservative capital position, and the above-average underwriting performance of its property/casualty (P/C) operations. The negative outlook on Allstate Financial reflects the increased risk profile associated with growth in
