Research Update: Allstate Corp. Ratings Affirmed, Outlook Stable; Ratings On Life Subsidiaries Subsequently Withdrawn Upon Request - S&P Global Ratings’ Credit Research

Research Update: Allstate Corp. Ratings Affirmed, Outlook Stable; Ratings On Life Subsidiaries Subsequently Withdrawn Upon Request

Research Update: Allstate Corp. Ratings Affirmed, Outlook Stable; Ratings On Life Subsidiaries Subsequently Withdrawn Upon Request - S&P Global Ratings’ Credit Research
Research Update: Allstate Corp. Ratings Affirmed, Outlook Stable; Ratings On Life Subsidiaries Subsequently Withdrawn Upon Request
Published Jun 26, 2020
6 pages (2276 words) — Published Jun 26, 2020
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Allstate Insurance Group (Allstate) has a dominant market position in homeowners, private passenger auto, and multiperil insurance. We are affirming our 'AA-' ratings on Allstate's core rated subsidiaries and all our ratings on its hybrid securities, as well as our 'A+' ratings on subsidiaries Allstate Life Insurance Co. (ALIC) and Allstate Life Insurance Co. of NY (AL NY), and our 'A' ratings on American Heritage Life Insurance Company (AHL). We are subsequently withdrawing our ratings on ALIC, AL NY, and American Heritage at the group's request. The stable outlook reflects the strength of the group's brand, operating performance, sophisticated underwriting, and capital adequacy levels. On June 25, 2020, S&P Global Ratings affirmed its 'AA-' insurer financial strength and long-term issuer

  
Brief Excerpt:

...- Allstate Insurance Group (Allstate) has a dominant market position in homeowners, private passenger auto, and multiperil insurance. - We are affirming our '##-' ratings on Allstate's core rated subsidiaries and all our ratings on its hybrid securities, as well as our 'A+' ratings on subsidiaries Allstate Life Insurance Co. (ALIC) and Allstate Life Insurance Co. of NY (AL NY), and our 'A' ratings on American Heritage Life Insurance Company (AHL). - We are subsequently withdrawing our ratings on ALIC, AL NY, and American Heritage at the group's request. - The stable outlook reflects the strength of the group's brand, operating performance, sophisticated underwriting, and capital adequacy levels....

  
Report Type:

Research Update

Ticker
Issuer
GICS
Property & Casualty Insurance (40301040)
Sector
Global Issuers , Public Finance , Structured Finance
Country
Region
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Allstate Corp. Ratings Affirmed, Outlook Stable; Ratings On Life Subsidiaries Subsequently Withdrawn Upon Request" Jun 26, 2020. Alacra Store. May 18, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Allstate-Corp-Ratings-Affirmed-Outlook-Stable-Ratings-On-Life-Subsidiaries-Subsequently-Withdrawn-Upon-Request-2469701>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Allstate Corp. Ratings Affirmed, Outlook Stable; Ratings On Life Subsidiaries Subsequently Withdrawn Upon Request Jun 26, 2020. New York, NY: Alacra Store. Retrieved May 18, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Allstate-Corp-Ratings-Affirmed-Outlook-Stable-Ratings-On-Life-Subsidiaries-Subsequently-Withdrawn-Upon-Request-2469701>
  
US$ 225.00
$  £  
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