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Allstate Corp. and Property/Casualty and Life Insurance Subs Ratings Affirmed; Outlook Stable Dec 00
Standard & Poors, Dec 2000
Abstract
NEW YORK (Standard & Poor's CreditWire) Dec. 5, 2000--Standard & Poor's today affirmed its ratings on Allstate Corp. and its property/casualty and life insurance subsidiaries (collectively referred to as Allstate). The outlook is stable. At the same time, Standard & Poor's withdrew its single-'A'-minus preferred stock rating on American Heritage Life Investment Corp. (AHLIC), which is a subsidiary of Allstate Corp. The rating on AHLIC was withdrawn at the company's request, and there are no pertinent outstanding issues on it. Major Rating Factors: -- Market position. Through its wholly owned subsidiary, Allstate Insurance Co. (AIC), and AIC's affiliated property/casualty insurers (AIC group), Allstate writes the second largest volume of personal lines property/casualty premium and the second largest volume of general...
Companies mentioned in this report are: Allstate Corp.,CNA Financial Corp.,Allstate Insurance Co.,Allstate Life Insurance Co.,American Heritage Life Investment Corp.
Action: Affirmed
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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