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Allstate Financial Group Jul 03
Standard & Poors, July 2003
Abstract
The insurer financial strength ratings on the members of the Allstate Financial Group (collectively referred to as Allstate Financial; see Table 4) reflect the breadth and depth of its product and distribution capabilities as well as its strong brand name recognition, conservative capitalization, and strategic importance to parent, Allstate Insurance Co. (AIC). Partially offsetting these strengths has been deterioration in the company's financial performance, as lower-than-expected equity market returns, asset impairments, and low interest rates have negatively affected earnings. Strong product and distribution capabilities. Management has successfully built an organization around multiple distribution channels that provides retirement, savings, and financial protection solutions for middle-market/affluent consumers in the U.S. Having a broad product and distribution mix enables the company to meet...
Companies mentioned in this report are: Allstate Life Insurance Co.,Allstate 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.,Glenbrook Life & Annuity Co.,American Heritage Life Insurance Co.,Deerbrook Insurance Co.,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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