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Allstate Corp. And Property/Casualty Insurance Operating Subsidiaries Nov 11
Standard & Poors, Nov 2011
Abstract
Very strong competitive position Well-recognized franchise and market presence Very strong liquidity Strong underlying operating performance that is subject to volatility Capital adequacy that is deficient at the current rating level and borne from a somewhat aggressive capital management strategy Vulnerability to earnings volatility as a result of exposure to a combination of weather-related events, investment portfolio losses, and lower earnings from subsidiaries Increased competitive pressures stemming from catastrophe-reduction efforts Standard & Poor's Ratings Services' counterparty credit rating on Allstate Corp. (Allstate) and the insurer financial strength ratings on its property-liability insurance operating companies (collectively referred to as Allstate Protection) are based on Allstate's very strong competitive position and well-recognized franchise in the U.S. personal lines sector. The ratings also...
Companies mentioned in this report are: Allstate Property & Casualty Insurance Co.,Allstate Insurance Co.,Allstate Indemnity Co.,Allstate Texas Lloyd's,Allstate County Mutual Insurance Co.,Northbrook Indemnity Co.,Deerbrook Insurance Co.,Allstate Corp.
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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