Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Sorenson Steven P
2. Date of Event Requiring Statement (Month/Day/Year)
03/01/2007
3. Issuer Name and Ticker or Trading Symbol
ALLSTATE CORP [ALL]
(Last)
(First)
(Middle)
C/O THE ALLSTATE CORPORATION, 2775 SANDERS ROAD
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) __X__ Other (specify below)
SVP Allstate Insurance Company
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

NORTHBROOK, IL 60062
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 10,476.963
D
 
Common Stock 1,242.1073
I
by 401(k) plan

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy) 02/07/2007 02/07/2013 Common Stock 4,212 $ 31.78 D  
Employee Stock Option (right to buy) 05/15/2005 05/15/2011 Common Stock 17,772 $ 42 D  
Employee Stock Option (right to buy)   (1) 02/06/2014 Common Stock 18,154 $ 45.96 D  
Employee Stock Option (right to buy)   (2) 02/22/2015 Common Stock 14,800 $ 52.57 D  
Employee Stock Option (right to buy)   (3) 02/21/2016 Common Stock 15,561 $ 53.84 D  
Employee Stock Option (right to buy)   (4)   (5) Common Stock 9,000 $ 53.84 D  
Employee Stock Option (right to buy)   (6) 02/20/2017 Common Stock 15,055 $ 62.24 D  
Restricted Stock Units   (7)   (8) Common Stock 1,800 $ 0 D  
Restricted Stock Units 02/19/2011 02/19/2011(9) Common Stock 2,078 $ 0 D  
Restricted Stock Units 02/21/2010 02/21/2010(10) Common Stock 2,351 $ 0 D  
Restricted Stock Units 02/22/2009 02/22/2009(11) Common Stock 2,470 $ 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Sorenson Steven P
C/O THE ALLSTATE CORPORATION
2775 SANDERS ROAD
NORTHBROOK, IL 60062
      SVP Allstate Insurance Company

Signatures

/s/ Steven P. Sorenson 03/10/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Original stock option award granted to reporting person on February 6, 2004 for 18,154 shares of common stock. The last increment of 4,538 shares will vest on February 6, 2008.
(2) Original stock option award granted to reporting person on February 22, 2005 for 14,800 shares of common stock with one-quarter of the total option award to vest annually. The last two increments will vest in two equal installments on February 22, 2008 and February 22, 2009.
(3) Original stock option award granted to reporting person on February 21, 2006 for 15,561 shares of common stock. The last three increments in the amounts of 3,890, 3,890 and 3,891 will vest on February 21, 2008, February 21, 2009 and February 21, 2010, respectively.
(4) Original stock option award granted to reporting person on February 21, 2006 for 9,000 shares of common stock with one-quarter of the total option award to vest annually. The last three increments will vest in three equal installments on February 21, 2008, February 21, 2009 and February 21, 2010.
(5) Option expiration date is February 21, 2016.
(6) Original stock option award granted to reporting person on February 20, 2007 for 15,055 shares of common stock to vest in four installments. The first 3,763 shares will vest on February 20, 2008 and the remaining 11,292 shares will vest in three equal installments on February 20, 2009, February 20, 2010 and February 20, 2011.
(7) Award of Restricted Stock Units (RSUs) granted under The Allstate Corporation 2001 Equity Incentive Plan. Each RSU represents the right to receive, without the payment of any consideration, one share of Allstate common stock as the restriction lapses (the conversion date). One-quarter of the total number of RSUs will unrestrict annually. The remaining increments of RSUs will unrestrict on February 21, 2008, February 21, 2009 and February 21, 2010.
(8) The total number of RSUs will unrestrict on February 21, 2010.
(9) Award of Restricted Stock Units (RSUs) granted under The Allstate Corporation Amended and Restated 2001 Equity Incentive Plan. Each RSU represents the right to receive, without the payment of any consideration, one share of Allstate common stock at the end of the period of restriction. The total number of RSUs will convert to common stock on February 19, 2011.
(10) Award of Restricted Stock Units (RSUs) granted under The Allstate Corporation 2001 Equity Incentive Plan. Each RSU represents the right to receive, without the payment of any consideration, one share of Allstate common stock at the end of the period of restriction. The total number of RSUs will convert to common stock on February 21, 2010.
(11) Award of Restricted Stock Units (RSUs) granted under The Allstate Corporation 2001 Equity Incentive Plan. Each RSU represents the right to receive, without the payment of any consideration, one share of Allstate common stock at the end of the period of restriction. The total number of RSUs will convert to common stock on February 22, 2009.

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