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Allstate Insurance Co. Nov 02
Standard & Poors, Nov 2002
Abstract
The insurer financial strength rating on Allstate Insurance Co. and related group members (see table 5) (collectively, AIC) reflects its excellent market position, better-than-average underwriting results, and strong capitalization. Excellent market position. AIC commands a 13% share of the U.S. personal lines insurance market, second only to State Farm Insurance Co. (State Farm). Collectively, these two organizations account for one-third of total personal property/casualty (P/C) insurance sales in the U.S. In comparison, the next largest competitor has a market share that is one-half of AIC's. Allstate's significant market position provides it with the scale and geographic diversification necessary to achieve better-than-average underwriting results than its peers. These strengths combined with a strong brand name and a conservative financial position support...
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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