On Oct. 25, 2007, Standard&Poor's Rating Services revised its outlook on Allstate Corp. (Allstate), Allstate Insurance Co. (AIC) and its property and casualty affiliates (collectively, Allstate Protection), and Allstate Life Insurance Co. and its life insurance affiliates (collectively, Allstate Financial) to stable from negative. At the same time, Standard&Poor's affirmed its 'A+' counterparty credit rating on Allstate and its 'AA' counterparty credit and insurer financial strength ratings on Allstate Protection and Allstate Financial. Allstate Financial is viewed as core to Allstate. The revised outlook reflects Standard&Poor's belief that Allstate has successfully reduced its gross and net catastrophe exposure in the homeowners' book of business while sustaining its competitive and earnings profile, demonstrated by positive
