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Operator
Ladies and gentlemen, thank you for standing by, and welcome to The Allstate Fourth Quarter 2020 Earnings Conference Call. [Operator Instructions]
And now I d like to introduce your host for today s program, Mark Nogal. Please go ahead, sir.
Mark Nogal
Head of Investor Relations
Thank you, Jonathan. Good morning, everyone, and welcome to Allstate s Fourth Quarter 2020 Earnings Conference Call. After prepared remarks, we ll have a question-and-answer session. Yesterday, following the close of the market, we issued our news release and investor supplement and posted today s presentation on our website at allstateinvestors.com. Our management team is here to provide perspective on these results. As noted on the first slide of the presentation, our discussion will contain non-GAAP measures for which there are reconciliations in the news release and investor supplement and forward-looking statements about Allstate s operations. Allstate s results may differ materially fro
Press release content from Business Wire. The AP news staff was not involved in its creation.
AM Best Downgrades Issuer Credit Ratings of Members of Allstate Life Group; Comments on The Allstate Corporation and Other Subsidiaries
January 29, 2021 GMT
OLDWICK, N.J. (BUSINESS WIRE) Jan 29, 2021
AM Best has downgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “aa-” from “aa” and affirmed the Financial Strength Rating (FSR) of A+ (Superior) of Allstate Life Insurance Company and Allstate Assurance Company. In addition, AM Best has placed these Credit Ratings (ratings) under review with negative implications that could result in further negative rating actions. These companies are known collectively as Allstate Life Group (Allstate Life) and domiciled in Northbrook, IL. Concurrently, AM Best has downgraded the FSR to A (Excellent) from A+ (Superior) and the Long-Term ICR to “a+” from “aa” of Allstate Life Insurance Company of New York (Allstate Life NY) (