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Allstate Financial Group Nov 02
Standard & Poors, Nov 2002
Abstract
The insurer financial strength ratings on the members of the Allstate Financial Group (collectively, Allstate Financial; see table 8) reflect the strength and diversification of Allstate Financial's product and distribution capabilities as well as its strong franchise among U.S. consumers and conservative capitalization. Standard & Poor's expects these strengths to be temporarily mitigated by volatility in the equity markets and permanently challenged by a more competitive environment. Diversified. Management has successfully built an organization around multiple distribution channels to service the retirement, savings, and protection needs of middle class consumers in the U.S. The launch of Allstate Bank and the acquisition of American Heritage Life Insurance Co. (AHLIC) were small, but important, parts of that strategy because it added product...
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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