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Allstate Financial Group Apr 05
Standard & Poors, April 2005
Abstract
Very strong and diversified competitive position. Extremely strong capitalization. Strong operating performance, with diversified sources of revenue. Challenge to further increase level of GAAP operating earnings due to a market that is heavily influenced by cyclical trends in interest rates and equity markets. Competitive pressure resulting from a market that is not very suitable for product differentiation. The insurer financial strength ratings on the members of Allstate Corp.'s (NYSE:ALL) life insurance operations (collectively referred to as Allstate Financial; see Table 8) reflect the breadth and depth of Allstate Financial's product and distribution capabilities as well as its strong brand name recognition, very strong capitalization, and core position to its parent, Allstate Insurance Co. (AIC). Partially offsetting these strengths are the...
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,Glenbrook Life & Annuity Co.,American Heritage Life Insurance Co.,Allstate Corp.,Allstate Life Global Funding Trusts
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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