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Accounting Acc290

In: Business and Management

Submitted By amandi
Words 1148
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Allstate Insurance Financial Statement, Part II
Amanda Crombach, Tami Reischmann, Jessica Roth, Shane Vogt
ACC/290
April 8, 2013

Allstate Insurance Financial Statement, Part II

This paper will breifly discuss some different financial aspects of Allstate including, what some of Allstate’s assets include, how the assets are classified, what cash equivalents are, the company’s total liabilities at the end of the most recent annual reporting period as well as at the end of the provious reporting period, what information gathered in this paper that might be important to creditors, investors, and employees. The Allstate Corporation is the largest publicly held personal lines property and casualty insurer in America. Allstate was founded in 1931 and became a publicly traded company in 1993. As of 2012, Allstate is number 93 on the Fortune 500 list of largest companies in America. Allstate is primarily engaged in the personal property and casualty insurance business and the life insurance, retirement and investment products business. Allstate conducts its business primarily in the United States. Customers can access Allstate products and services such as auto insurance and homeowners insurance through nearly 12,000 exclusive Allstate agencies and financial representatives in the United States and Canada. Allstate is the 2nd largest personal property and casualty insurer in the United States on the basis of 2010 statutory direct premiums earned. In addition, according to A.M. Best, it is the nation's 16th largest issuer of life insurance business on the basis of 2010 ordinary life insurance in force and 21st largest on the basis of 2010 statutory admitted assets. Allstate does list its assets in the correct order. Their assets are all liquidated assets starting with Cash assets. Cash assets are the key asset that your…...

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