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Allstate Financial Group Nov 09
Standard & Poors, Nov 2009
Abstract
Strength of the Allstate brand name, resulting in a strong competitive position. Strong affiliation and relationship with parent, Allstate Insurance Co., a leading property/casualty insurer, which includes capital support, operational economies of scale, and synergies with its distribution system. Capital that is not supportive of the rating without group support. Operating performance that is weak for the rating and is further reduced by asset-related losses. Competitive pressure resulting from a market that is not very suitable for product differentiation. The insurer financial strength ratings on Allstate Corp.'s life insurance operations (collectively referred to as Allstate Financial) reflect the breadth and depth of Allstate Financial's product and distribution capabilities as well as its strong brand-name recognition and core position to its...
Companies mentioned in this report are: Allstate Life Insurance Co.,Lincoln Benefit Life Co.,Surety Life Insurance Co.,Allstate Life Insurance Co. of New York,American Heritage Life Insurance Co.
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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