Allstate Floridian Under Review

September 20, 2004

A.M. Best Co. has placed the financial strength rating of “A-” (excellent) of Allstate Floridian Group under review with negative implications. This action reflects the potential capital decline associated with losses from Hurricane Charley and subsequently reduced risk-adjusted capitalization. It is being taken as a result of insufficient detailed information available to assess the ultimate financial impact of Hurricane Charley on Allstate Floridian, as well as the potential impact of Hurricane Frances and any subsequent events. Allstate Floridian, comprised of Allstate Floridian Ins. Co. and Allstate Floridian Indemnity Co., is the dedicated producer of Florida property business for the Allstate Insurance Group. The Allstate Floridian Group is a separate entity from the Allstate Insurance Group and thus receives a stand-alone rating from Best.