Issuer:

The Allstate Corporation

Security Type:

Depositary shares (the “Depositary Shares”) each representing a 1/1,000th interest in a share of Fixed Rate Noncumulative Perpetual Preferred Stock, Series A, of the Issuer (the “Preferred Stock”)

Expected Ratings:*

Baa3 (Moody’s)/ BBB— (S&P)

Format:

SEC Registered

Size:

$250,000,000 (10,000,000 Depositary Shares)

Over-allotment Option:

$37,500,000 (1,500,000 Depositary Shares)

Liquidation Preference:

$25,000 per share of Preferred Stock (equivalent of $25 per Depositary Share)

Term:

Perpetual

Dividend Rate (Noncumulative):

5.625% per annum, only when, as and if declared

Dividend Payment Dates:

Quarterly in arrears on January 15, April 15, July 15 and October 15 of each year, commencing on October 15, 2013

Trade Date:

June 5, 2013

Settlement Date:

June 12, 2013 (T+5)

Optional Redemption:

The Issuer may, at its option, redeem the shares of Preferred Stock (i) in whole but not in part at any time prior to June 15, 2018, within 90 days after the occurrence of a “rating agency event” at a redemption price equal to $25,000 per share, or if greater, the present values of (A) $25,000 per share of Preferred Stock and (B) all undeclared dividends for the dividend periods from the date of redemption to and including June 15, 2018, in each case, discounted to the date of redemption on a quarterly basis at a discount rate equal to the treasury rate plus 35 basis points, plus, in each case, any declared and unpaid dividends, without regard to any undeclared dividends, to but excluding the redemption date, or (ii) in whole or in part, from time to time, on any dividend payment date on or after June 15, 2018 at a redemption price equal to $25,000 per share, plus any declared and unpaid dividends, without regard to any undeclared dividends, to but excluding the redemption date.

Listing:

Application will be made to list the Depositary Shares on the New York Stock Exchange (the “NYSE”) under the symbol “ALL PR A”. If approved for listing, trading of the Depositary Shares on the NYSE is expected to commence within a 30-day period after the original issuance date of the Depositary Shares.

CUSIP/ISIN of Depositary Shares:

020002408/US0200024083

Public Offering Price:

$25.00 per Depositary Share

Underwriting Discounts and Commissions:

$7,832,000 (without over-allotment option)

Joint Book-Runners:

Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, UBS Securities LLC, Wells Fargo Securities, LLC

Lead Manager:

Goldman, Sachs & Co.

Co-Manager:

Citigroup Global Markets Inc.