Allstate

The Allstate Corporation is the nation's largest publicly held personal lines insurer. A Fortune 100 company, with $130 billion in total assets, Allstate sells 13 major lines of insurance, including auto, property, life and commercial. Allstate also offers retirement and investment products and banking services. Allstate is widely known through its "You're In Good Hands With Allstate" slogan.

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Products Offered
ChoiceRate Custom Annuity Custom Plus Annuity IncomeReady MarketSmart Putnam Allstate Advisor Putnam Allstate Advisor EDB Putnam Allstate Advisor NY Putnam Allstate Advisor Plus Retirement Access B Series Retirement Access L Series Retirement Access X Series Retirement Access-NY B Series Retirement Access-NY L Series Retirement Access-NY X Series Saver's Index Saver's Index Annuity III Saver's Index Annuity Plus Saver's Index Annuity Premier Scheduled Annuity Manager Scudder Horizon Plan Scudder Horizon Plan NY SureHorizon Choice SureHorizon II Tactician Plus Treasury Linked Annuity Plus

Products Offered

General Information
Website	myallstatefinancial.com
Type	Insurance Company
Founded	1931
Ownership
Country	USA

Contact Information
Address	1819 Electric Rd. S.W. Roanoke, VA 24018
Phone	800-255-7828
Fax

Information & Articles about Allstate

Variable Annuity Sales Down 26% in First Quarter of 2009

Variable annuity sales in the United States continue to decline in the wake of the financial crisis and capital market turmoil.

First quarter sales of variable annuities totaled $30.4 billion. This represents a 26% decrease from the same period a year ago.

Total variable annuity sales for 2008 totaled $154.8 billion, a drop of 15.1% from 2007.

The top 5 variable annuity companies in terms of revenue were lead by MetLife:

A.M. Best Report Suggests Light at the End of the Tunnel for Life and Annuity Companies

Insurance Company rating agency A.M. Best released a report on the state of the industry for life and annuity insurance companies.

The report is somewhat optimistic given the carnage the industry has experienced over the past year or so.

The industry as a whole managed to eke out a small amount of net income--$91.5 million--for 2008. However, capital losses for 2008 reached $19.6 billion.

Companies such as Allstate Corporation and The Hartford Financial Services have been hit hardest.

Barrons Remains Optimistic on Several Life Insurers Receiving TARP Funds

Barrons--a weekly trade publication for the investment community--has written favorably on parts of the U.S. life insurance sector over the past several months.

In particular, Barrons had singled-out perceived opportunities with shares of Hartford Financial Services Group and Prudential Financial.

The publication remains bullish on several of the companies that were recently approved for TARP funds.

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