The Allstate Corporation 2002 Annual Report Introduction Financial Highlights At a Glance Product Alternatives Chairman’s Message Our People Financial Section Board of Directors Senior Management Team Shareholder Information Financial Data Consolidated Financial Highlights Property-Liability Highlights Allstate Financial Highlights Investment Highlights Order Printed Copy Exit to Proxy Statement Consolidated Financial Highlights Allstate provides insurance, investment and retirement products to more than 14 million households served through Allstate directly and 2.5 million households served through non-proprietary channels, and has approximately 12,300 exclusive agents in the United States and Canada. Customers can access Allstate products and services through Allstate agents, allstate.com and 1-800-Allstate. Ivantage includes Encompass (SM) and Deerbrook (SM) Insurance brand property and casualty insurance products that are sold exclusively through independent agents. Allstate Financial products can also be accessed through independent agents and representatives of banks and securities firms. The consolidated financial results of Allstate include its Property-Liability, Allstate Financial and Corporate and Other business units.   Revenues increased to $29.58 billion in 2002 from $28.87 billion in 2001 due to increased Premiums earned in the Property-Liability business, Life and annuity premiums and contract charges in the Allstate Financial business and Net investment income. Offsetting these increases was a higher level of net realized capital losses in 2002 when compared to 2001.   Net income declined to $1.13 billion in 2002 from $1.16 billion in 2001 due to higher realized capital losses when compared to 2001, and the cumulative effect of a 2002 change in accounting principle. Net income per diluted common share in 2002 was equal to 2001 as reduced Net income was offset by the positive impacts of Allstate’s share repurchase program. Allstate repurchased 12 million shares totaling $446 million during 2002.     Operating income increased to $2.08 billion in 2002 from $1.49 billion in 2001 due to higher Operating income in both Property-Liability and Allstate Financial.     Introduction Financial Highlights Product Alternatives Chairman’s Message Our People Financial Section Board of Directors Senior Management Shareholder Information © Copyright 2003 The Allstate Corporation. All rights reserved. Company name and location information. Privacy Statement