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ALLSTATE OFFERS CANADIAN OPERATIONS FOR SALE

 ALLSTATE OFFERS CANADIAN OPERATIONS FOR SALE
 NORTHBROOK, Ill., Jan. 28 /PRNewswire/ -- Allstate Insurance


Company, a wholly owned subsidiary of Sears, Roebuck and Co. (NYSE: S), announced today its plans to sell Allstate Insurance Company of Canada. This includes the property/casualty operations and the Allstate Life Insurance Company of Canada.
 Headquartered in Markham, Ontario, Allstate of Canada is among the top ten personal lines insurers in Canada. Allstate Insurance Company's Canadian operations comprise less than 4 percent of its consolidated operations.
 President of Allstate Insurance Company and Chairman of Allstate Insurance Company of Canada Ray Kiefer said, "This move is in no way reflective of the financial results of the Canadian operation, which has just completed one of its most successful financial years in 1991. The decision was made to better align capital resources with core strategies."
 In an earlier decision, Allstate's Canadian management had decided that the company's primary future focus should be in the property/ casualty and life markets. In keeping with that decision, the commercial division may be sold in a separate transaction.
 Kiefer added, "We intend to seek out successful new owners who will continue to provide the strength of leadership, integrity and commitment to customer service and the community that Allstate Canada has demonstrated in the past."
 -0- 1/28/92
 /CONTACT: Bob Lapinski, Kathleen Hogan or Peg Killian of Allstate, 708-402-5600/
 (S) CO: Allstate Insurance Company; Allstate Insurance Company of Canada;
 Sears, Roebuck and Co. ST: Illinois, Ontario IN: INS SU: TNM


GK -- NY047 -- 4193 01/28/92 11:27 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
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Publication:PR Newswire
Date:Jan 28, 1992
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