The Allstate Corporation (ALL) 10-K 2014 FY Annual report

QuickLinks -- Click here to rapidly navigate through this document

Exhibit 12

THE ALLSTATE CORPORATION

COMPUTATION OF EARNINGS TO FIXED CHARGES RATIO

($ in millions)		For the year ended December 31,
		2014			2013			2012			2011			2010
1.	Income from operations before income tax	$	4,236		$	3,396		$	3,306		$	959		$	1,100
	Fixed Charges:
2.	Interest on indebtedness	$	322		$	367		$	373		$	367		$	367
3.	Interest factor of annual rental expense		18			19			15			24			26
4.	Interest credited to contractholder funds		919			1,278			1,316			1,645			1,807
5.	Total fixed charges (2+3+4)	$	1,259		$	1,664		$	1,704		$	2,036		$	2,200
6.	Preferred stock dividends		104			17			—			—			—
7.	Total fixed charges and preferred stock dividends (5+6)	$	1,363		$	1,681		$	1,704		$	2,036		$	2,200
8.	Income from operations before income taxes and fixed charges (1+5)	$	5,495		$	5,060		$	5,010		$	2,995		$	3,300
9.	Ratio of earnings to fixed charges (8/5)		4.4	X		3.0	X		2.9	X		1.5	X		1.5	X
10.	Income from operations before income taxes and fixed charges and preferred stock dividends (1+7)	$	5,599		$	5,077		$	5,010		$	2,995		$	3,300
11.	Ratio of earnings to fixed charges and preferred stock dividends (10/7)		4.1	X		3.0	X		2.9	X		1.5	X		1.5	X

QuickLinks

Exhibit 12

THE ALLSTATE CORPORATION COMPUTATION OF EARNINGS TO FIXED CHARGES RATIO