Allstate Corp., Northbrook, Ill., is expected to contribute $127 million total to its U.S. and Canadian pension funds in 2015, spokeswoman Maryellen Thielen said.
The company contributed $49 million and $561 million to the pension funds in 2014 and 2013, respectively, said the company's 10-K, filed Thursday.
Allstate's pension funds ended 2014 with $5.78 billion in assets and $6.49 billion in liabilities for a funding ratio of 89%.
The discount rate used to measure benefit obligations was 4.1%, down from 5% a year earlier.
The asset allocation as of Dec. 31 was 50% fixed income; 41% equity; 7% limited partnership interests, which is composed of real estate, private equity and hedge funds; and 2% short-term investments and other.