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ALLSTATE OF CANADA NO LONGER FOR SALE

 NORTHBROOK, Ill., Jan. 29 /PRNewswire/ -- Allstate Insurance Company announced today that it has discontinued its efforts to sell its Canadian subsidiary, Allstate Insurance Company of Canada.
 "The Canadian operation continues to produce satisfactory results," said John D. Callahan, president, Allstate Business Insurance and chairman, Allstate Canadian Companies, "yet we were unable to consummate a satisfactory transaction to meet our needs within an acceptable time frame."
 Allstate had announced its intention to sell its Canadian operations in January 1992. Headquartered in Markham, Ontario, Allstate of Canada is among the top 10 personal lines insurers in Canada, with more than 1 million policyholders.
 -0- 1/29/93
 /CONTACT: Herb Hickling, 416-475-4372; or Mary Horstman, Bob Lapinski or Al Orendorff, 708-402-5600, all of Allstate/


CO: Allstate Insurance Company; Allstate Canada ST: Illinois IN: INS SU: TNM

CK -- NY054 -- 0833 01/29/93 14:30 EST
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Publication:PR Newswire
Date:Jan 29, 1993
Words:142
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