Allstate Insurance Company Renews Sponsorship of U.S. Olympic and Paralympic Teams Through 2008.

NORTHBROOK, Ill. -- Allstate to Again Serve as Presenting Sponsor of U.S. Olympic Hall of Fame

Continuing its commitment to past, present and future Olympians, Allstate today announced it has extended the company's sponsorship with the United States Olympic Committee. The agreement maintains Allstate's designation as the Official Home and Auto Insurance Sponsor for U.S. Olympic and Paralympic Teams through 2008. Allstate has also renewed its sponsorship of the U.S. Pan American Team that will compete in the 2007 Pan American Games in Rio de Janeiro, Brazil.

In addition to its U.S. Olympic Team sponsorship, Allstate will again serve as the presenting sponsor of the U.S. Olympic Hall of Fame. Revived in 2004, the U.S. Olympic Hall of Fame presented by Allstate inducted new members for the first time since 1992. Last year during a nationally televised event in Chicago, Olympians Matt Biondi, Bonnie Blair, Janet Evans, Florence Griffith Joyner, Dan Jansen and Jackie Joyner-Kersee; Paralympian Randy Snow; Veteran Alice Coachman Davis; Special Contributor Bud Greenspan; and the 1996 U.S. Women's Soccer Team earned their distinguished membership in the U.S. Olympic Hall of Fame. Announcement of the finalists and voting procedures for the 2006 Hall of Fame Class is scheduled for August 17.

"Supporting the United States Olympic Committee and America's dedicated athletes provides the Allstate family a unique opportunity to be a part of the Olympic Games experience," said Joseph Tripodi, Allstate's chief marketing officer. "Events like the Hall of Fame inductions and corresponding ceremony are great examples of how Allstate is helping to showcase both the athletes and the spirit of the Olympic Games and raise awareness of their tremendous accomplishments."

"Having Allstate continue its association with the U.S. Olympic Committee reaffirms the value the company places on partnering its brand with the U.S. Olympic Movement," said USOC Chief Executive Officer Jim Scherr. "Not only does Allstate's financial commitment help train our future Olympians and Paralympians, but through its presenting sponsorship of the U.S. Olympic Hall of Fame, we are able to appropriately recognize the Olympic and Paralympic greats that have inspired our nation through their athletic feats and special contributions."

The Allstate sponsorship entitles the company to continue the use of the Official Home and Auto Insurance designations, and the U.S. Olympic and Paralympic marks in advertising and marketing efforts.

About Allstate

The Allstate Corporation (NYSE:ALL) is the nation's largest publicly held personal lines insurer. Widely known through the "You're In Good Hands With Allstate(R)" slogan, Allstate helps individuals in approximately 17 million households protect what they have today and better prepare for tomorrow through approximately 13,600 exclusive agencies and financial professionals in the U.S. and Canada. Customers can access Allstate products and services such as auto insurance and homeowners insurance through Allstate agencies, or in select states at allstate.com and 1-800 Allstate(R). Encompass(SM) and Deerbrook(R) Insurance brand property and casualty products are sold exclusively through independent agents. Allstate Financial Group provides life insurance, supplemental accident and health insurance, annuity, banking and retirement products designed for individual, institutional and worksite customers that are distributed through Allstate agencies, independent agencies, financial institutions and broker-dealers.

About the USOC

The mission of the United States Olympic Committee is to support U.S. Olympic and Paralympic athletes in achieving sustained competitive excellence and preserve the Olympic Ideals, and thereby inspire all Americans. The USOC is the steward of the U.S. Olympic Movement and is recognized by the International Olympic Committee (IOC) as the sole agency in the United States with oversight of teams participating in the Olympic and Paralympic Games.

For more information, contact the USOC Media and Public Relations Division at 719/866-4529 or George Nolan, Allstate, at [phone].