Research Update: Allstate Corp. And Property Liability Subsidiaries Outlook Revised To Stable; Life Insurance Cos. Downgraded To 'A+' Nov 10
Standard & Poors, November 2010
Abstract
Allstate, the second-largest U.S. personal lines insurance company, continues to enjoy a very strong competitive position and well-recognized franchise. Strong operating performance, very strong liquidity, and excess holding company capital partially mitigate a deficiency in capital adequacy. We are affirming our ratings on Allstate Corp. and its property liability companies. We are lowering our ratings on the life insurance companies to 'A+' from 'AA-' to reflect our reassessment of their strategic importance to the group. We are revising our outlook on Allstate Corp. and its property liability companies to stable from negative, and the outlook on the life insurance companies is stable. On Nov. 17, 2010, Standard & Poor's Ratings Services revised its outlook on Allstate Corp. and its core...
Companies mentioned in this report are: Allstate Corp.,Allstate Insurance Co.,Allstate Life Insurance Co.,Lincoln Benefit Life Co.,Northbrook Life Insurance Co.,Surety Life Insurance Co.,Allstate Indemnity Co.,Allstate Property & Casualty Insurance Co.,Allstate Texas Lloyd's,Allstate County Mutual Insurance Co.,Northbrook Indemnity Co.,Allstate Life Insurance Co. of New York,American Heritage Life Insurance Co.,Deerbrook Insurance Co.,Allstate Life Funding LLC,Allstate Financial Global Funding LLC,Allstate Life Global Funding II,Allstate Life Global Funding Trusts
Action: Affirmed
Action: Downgraded
Action: Outlook: Stable
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Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
Allstate Corp.,Allstate Insurance Co.,Allstate Life Insurance Co.,Lincoln Benefit Life Co.,Northbrook Life Insurance Co.,Surety Life Insurance Co.,Allstate Indemnity Co.,Allstate Property & Casualty Insurance Co.,Allstate Texas Lloyd's,Allstate County Mutual Insurance Co.,Northbrook Indemnity Co.,Allstate Life Insurance Co. of New York,American Heritage Life Insurance Co.,Deerbrook Insurance Co.,Allstate Life Funding LLC,Allstate Financial Global Funding LLC,Allstate Life Global Funding II,Allstate Life Global Funding Trusts
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