SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
---------------------
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) January 7, 2000
The Allstate Corporation
(Exact Name of Registrant as Specified in Charter)
Delaware 1-11840 36-3871531
(State or Other (Commission (IRS Employer
Jurisdiction of File Number) Identification
Incorporation) Number)
2775 Sanders Road, Northbrook, Illinois 60062
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (847) 402-5000
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Exhibit Index at page 4
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Item 5. OTHER EVENTS
On January 7, 2000, the Registrant issued the press release attached hereto
as Exhibit 99.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
EXHIBIT NO. DESCRIPTION
99 Registrant's press releases dated
January 7, 2000
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
THE ALLSTATE CORPORATION
By s\ EMMA M. KALAIDJIAN
Name: Emma M. Kalaidjian
Title: Assistant Secretary
January 11, 2000
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INDEX TO EXHIBITS
Sequential
Page
NUMBER DESCRIPTION NUMBER
99 Registrant's press release dated 5
January 7, 2000
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Exhibit No. 99
The Allstate Corporation
NEWS
FOR MORE INFORMATION:
Jim Dudas
Allstate Media Relations
847-402-4396
For Immediate Release
Allstate Life and Savings Chairman
Louis G. Lower Announces Retirement
NORTHBROOK, Ill., January 7, 2000 - Louis G. Lower, II, chairman and chief
executive officer of Allstate Life and Savings, has announced he will retire
effective February 1.
For the last nine years, Lower, 54, led the Allstate Life Insurance Company
to become one of the fastest growing companies in its industry. Allstate
Chairman Edward M. Liddy today praised Lower for his accomplishments inside and
outside the company.
"When Lou took over the company in 1990, he quickly realized the importance
of marketing life and investment products through a variety of marketing
channels," said Liddy. "He was ahead of his time in terms of giving customers a
product they wanted at a price they could afford through a means they preferred.
"Lou understood that the image of the entire life insurance industry had an
impact on how Allstate Life was perceived. He became very active in promoting
ethical sales practices, and was chairman of the Board of Directors of the
Insurance Marketplace Standards Association.
"He encouraged employees to further their insurance knowledge through his
board positions with the American Council of Life Insurers, the Life Office
Management Association, the Life Insurance Marketing and Research Association
and the National Association of Variable Annuities."
Lower began his career with Allstate in 1976 as a senior investment analyst
at the home office in Northbrook, IL. He has held a number of positions in the
company, including real estate director from 1980 to 1981; assistant vice
president of Venture Capital from 1981 to 1982; vice president of Taxable Fixed
Income from 1982 to 1985; group vice president of investments from 1985 to 1986;
senior vice president, treasurer and chief investment officer from 1986 to 1988,
and executive vice president of Allstate Life in 1989.
Lower also serves on the boards of Evanston Hospital and the Chicago
Horticultural Society.
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Lower will not be replaced as Chairman of Allstate Life and Savings. His
responsibilities will be assumed by Thomas J. Wilson, President of Allstate Life
and Savings. Wilson, who was formerly the Chief Financial Officer of the
Allstate Corporation, was appointed to his position as President of Allstate
Life and Savings effective January 1, 1999.
The Allstate Corporation is the nation's largest publicly held personal
lines insurance company. Its main business units include Allstate Personal
Property and Casualty, which provides insurance for more than 14 million
households and has approximately 15,500 agents in the U.S. and Canada, and
Allstate Life and Savings, which markets a number of life insurance and savings
products under a variety of brands through a number of channels and is currently
the nation's 17th largest life insurance business.
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