Condensed Consolidated Income Statements            
  Year ended December 31,
  $ in millions, except per share data   2001   2000   1999
  Revenues            
  Insurance premiums and contract charges $ 24,427 $ 24,076 $ 21,735
  Net investment income   4,796   4,633   4,112
  Realized capital gains and losses   (358)   425   1,112
  Total revenues   28,865   29,134   26,959
               
  Costs and expenses            
  Insurance claims and contract benefits $ 20,936 $ 19,585 $ 17,257
  Costs and expenses   6,581   6,502   5,805
  Total costs and expenses   27,517   26,087   23,062
               
  (Loss) Gain on disposition of operations   (63)   –   10
               
  Income from operations before income            
  tax expense, dividends on preferred            
  securities and cumulative effect of a            
  change in accounting principle, after-tax $   1,285 $  3,047 $ 3,907
               
  Income tax expense   73   795   1,148
               
  Income before dividends on preferred            
  securities and cumulative effect of a            
  change in accounting principle, after-tax $   1,212 $ 2,252 $ 2,759
               
  Dividends on preferred securities of subsidiary trusts   (45)   (41)   (39)
  Cumulative effect of a change in accounting principle,            
  after-tax   (9)   –   –
               
  Net income $ 1,158 $ 2,211 $ 2,720
  Net income per share – diluted $ 1.60 $ 2.95 $ 3.38
  Operating income* per share – diluted $ 2.06 $ 2.68 $ 2.59
               
 
For more detailed information, see the proxy statement.
   
* Operating income is defined as income before dividends on preferred securities and the cumulative effect of a change in accounting principle, after-tax, excluding the after-tax effects of realized capital gains and losses and gains or losses on disposition of operations. Realized capital gains and losses, after-tax, are presented net of the effects of Allstate Financial’s deferred policy acquisition cost amortization to the extent that such effects resulted from the recognition of realized capital gains and losses. Operating income is provided to allow for a more complete analysis of results. Operating income should not be considered as a substitute for any generally accepted accounting principle (GAAP) measure of performance.