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Allstate Insurance Group Mar 04
Standard & Poors, March 2004
Abstract
Excellent market position as the second largest personal lines insurer in the U.S. Continuing benefits from rate increases and a tightening of underwriting guidelines that have had a positive effect on operating performance Strong capital adequacy (about 160% at year-end 2002) Continued (but tapering) unfavorable adverse development associated with the discontinued lines and coverages reserves Exposure to potential catastrophic events in certain regions of the U.S. The insurer financial strength ratings on the members of the Allstate Insurance Group (collectively Allstate; see table at the end of the article) reflect the group's status as the second largest personal lines insurer in the U.S., with more than $25 billion in net written premium in 2003 and an 11% market share, second...
Companies mentioned in this report are: Allstate Insurance Co.,Allstate Life Insurance Co.,Lincoln Benefit Life Co.,Surety Life Insurance Co.,Northbrook Indemnity Co.,Allstate Life Insurance Co. of New York,Glenbrook Life & Annuity Co.,Allstate Corp.,Allstate Insurance Co. of Canada (Unsolicited Ratings)
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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