Allstate 2011 Annual Report Download - page 67

Security Ownership of Certain Beneficial Owners
Title of Amount and Nature of
Class Name and Address of Beneficial Owner Beneficial Ownership Percent of Class
Common BlackRock, Inc. 32,380,427(1) 6.02%
40 East 52nd Street
New York, NY 10022
Common Northern Trust Corporation 31,063,158(2) 5.77%
50 S. LaSalle Street
Chicago, IL 60675
(1) As of December 31, 2010. BlackRock held all shares with sole voting power and sole investment power.
Information is provided for reporting purposes only and should not be construed as an admission of actual
beneficial ownership.
(2) As of December 31, 2010. Held by Northern Trust Corporation together with certain subsidiaries
(collectively ‘‘Northern’’). Of such shares, Northern held 2,639,875 with sole voting power; 28,348,257 with
shared voting power; 5,606,570 with sole investment power; and 3,229,863 with shared investment power.
21,987,890 of such shares were held by The Northern Trust Company as trustee on behalf of participants in
Allstate’s 401(k) Savings Plan. Information is provided for reporting purposes only and should not be
construed as an admission of actual beneficial ownership.
Audit Committee Report
Deloitte & Touche LLP (‘‘Deloitte’’) was Allstate’s independent registered public accountant for the year ended
December 31, 2010.
The Audit Committee has reviewed and discussed with management the audited financial statements for the
fiscal year ended December 31, 2010.
The committee has discussed with Deloitte the matters required to be discussed by the statement of Auditing
Standards No. 114 (The Auditor’s Communication with Those Charged with Governance) (formerly, Auditing
Standards No. 61, as amended (AICPA, Professional Standards, Vol. 1. AU section 380) as adopted by the Public
Company Accounting Oversight Board in Rule 3200T).
The committee has received the written disclosures and the letter from Deloitte required by applicable
requirements of the Public Company Accounting Oversight Board regarding Deloitte’s communications with the
committee concerning independence and has discussed with Deloitte its independence.
Based on these reviews and discussions and other information considered by the committee in its judgment,
the committee recommended to the Board of Directors that the audited financial statements be included in
Allstate’s annual report on Form 10-K for the fiscal year ended December 31, 2010, for filing with the Securities
and Exchange Commission and furnished to stockholders with this Notice of Annual Meeting and Proxy
Statement.
Judith A. Sprieser (Chair)
F. Duane Ackerman Ronald T. LeMay
Robert D. Beyer Mary Alice Taylor
Jack M. Greenberg
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Proxy Statement