Article: Allstate Announces Events Impacting Quarterly Results.

NORTHBROOK, Ill. -- The Allstate Corporation today announced that it recorded restructuring expenses in its fourth quarter 2001 results of approximately $107 million on a pre-tax basis and $70 million on an after-tax basis, or approximately $0.10 per diluted share. These expenses primarily relate to an initiative started in 2001 to realign the company's claim offices to fewer, larger office locations and the re-design of its Customer Information Centers and other back-office operations. Also reflected is a non-cash charge resulting from pension benefit payments made to agents in connection with the re-organization of employee agents to a single exclusive agency ...

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