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Article: S&P Afrms Allstate Corp and Units Rtgs; Otlk Stable.
- Article from:
- Business Wire
- Article date:
- October 17, 2002
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Business Editors
NEW YORK--(BUSINESS WIRE)--Standard & Poor's
Oct. 17, 2002-- Standard & Poor's Ratings Services said today it affirmed its single-'A'-plus counterparty credit rating on The Allstate Corp. and its double-'A' counterparty credit and financial strength ratings on Allstate Insurance Co. (AIC) and related group members based on AIC's excellent market position, better-than-average underwriting returns, and strong capitalization.
Standard & Poor's also said the outlook is stable.
"Underwriting results as measured by the combined ratio are expected to be at, or slightly more than, 100% by year-end 2002. Included in this ...