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Allstate Insurance Group Aug 05
Standard & Poors, Aug 2005
Abstract
Very strong competitive position and brand name recognition Very strong capitalization and quality of capital Very strong operating performance Very strong liquidity and financial flexibility Exposure to potential large catastrophic events Recurring adverse asbestos reserve development The insurer financial strength ratings on Allstate Insurance Co. (AIC) and its affiliated property/casualty (P/C) insurance companies (collectively Allstate; see Table 5) reflect the group's very strong competitive position and brand name recognition, very strong capitalization and quality of capital, and very strong operating performance, liquidity, and financial flexibility. Partially offsetting these positive factors are the company's exposure to potential large catastrophic events in certain regions of the U.S. along with recurring charges for adverse reserve development arising from its asbestos exposure. Allstate is...
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,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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