|
|
 |
|
Viewing report
|
|
|
|
Allstate Corp. Mar 04
Standard & Poors, March 2004
Abstract
Strong business position Favorable operating performance Strong capitalization Conservative investment portfolio and strong cash flows Unfavorable (but improving) reserve development at the property/casualty (P/C) operating subsidiaries Competitive environment in annuity market that poses a risk to revenue and operating performance in the life insurance operations [Editor's Note: The following article, originally published on March 15, 2004, is being republished to correct the values in the pie chart at the end of the article.] The issuer credit rating on Allstate Corp. (Allstate) is based on the company's strong business profile, strong operating performance, very strong capitalization, and good financial flexibility. Partially offsetting these factors are the group's recently unfavorable (but improving) reserve development patterns and uncertainties associated with its discontinued lines...
Companies mentioned in this report are: Allstate Corp.,Allstate Insurance Co.,Allstate Life Insurance Co.,Lincoln Benefit Life Co.,Surety Life Insurance Co.,Allstate Indemnity Co.,Allstate Property & Casualty Insurance Co.,Allstate Texas Lloyd's,Allstate County Mutual Insurance Co.,Northbrook Indemnity Co.,Allstate Life Insurance Co. of New York,Glenbrook Life & Annuity Co.,American Heritage Life Insurance Co.,Deerbrook Insurance Co.,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
|
|
|
|
