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Allstate Financial Group And American Heritage Life Insurance Co. Dec 10
Standard & Poors, Dec 2010
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 provides capital support, operational economies of scale, and synergies with its distribution system. Capital adequacy that varies across the operating entities, with some entities more reliant on group support than others. Operating performance that is below expectations 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 and health insurance operations reflect the strength of Allstate's agency distribution and its strong brand-name recognition. Capital deficiency relative to Standard & Poor's Ratings...
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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