NORTHBROOK, Ill.–(BUSINESS WIRE)–For the fourth year, Institutional Investor magazine has named The Allstate Corporation (NYSE: ALL - News) one of America’s most shareholder-friendly companies. Allstate was ranked at the top of the insurance (nonlife) category of financial institutions by Institutional Investor magazine for each of the four years the survey has been conducted.
“We are committed [...]
Item 1. Business
The Allstate Corporation was incorporated under the laws of the State of Delaware on November 5, 1992 to serve as the holding company for Allstate Insurance Company. Its business is conducted principally through Allstate Insurance Company, Allstate Life Insurance Company and [...]
INTRODUCTION
Portions of the information included in The Progressive Corporation’s Proxy Statement for the Annual Meeting of Shareholders to be held on April 24, 2009 (the “Proxy Statement”) have been incorporated by reference herein and are identified under the appropriate items in this Form 10-K. The 2008 Annual Report to Shareholders (the “Annual Report”) of [...]
2-Mar-2009
Annual Report
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations
For purposes of this discussion, “MetLife” or the “Company” refers to MetLife, Inc., a Delaware corporation incorporated in 1999 (the “Holding Company”), and its subsidiaries, including Metropolitan Life Insurance Company (”MLIC”). Following this summary is a discussion addressing the consolidated results of [...]
13-Mar-2009
Annual Report
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations
Overview
The operating results of property and casualty insurance companies are subject to significant quarter-to-quarter and year-to-year fluctuations due to the effect of competition on pricing, the frequency and severity of losses, natural disasters on losses, general economic conditions, the general regulatory [...]
By Greg Morcroft, MarketWatch
NEW YORK (MarketWatch) — Insurer Progressive Corp. said Friday it gave its CEO Glenn Renwick an 18% raise in 2008, and his payment included $5 million worth of company common stock.
The firm paid Renwick $5.9 million in 2008, up from $5 million in 2007 and $5.4 million in 2006.
Progressive in a filing [...]
Progressive: Fitch affirms Progressive’s IDR at ‘AA-’; outlook stable Fitch Ratings has affirmed The Progressive Corporation’s (PGR) ratings as follows: Issuer Default Rating (IDR) at ‘AA-’; Senior debt ratings at ‘A+’. Fitch has also affirmed PGR’s operating subsidiaries’ Insurer Financial Strength (IFS) rating at ‘AA+’. A complete list of affected ratings follows the end of [...]
Award-winning Auto Site To Feature AAA Approved Auto Repair Shops
EMERYVILLE, Calif.–(BUSINESS WIRE)–RepairPal (www.RepairPal.com), a leading online destination for auto repair and maintenance information, and AAA Northern California, Nevada and Utah (www.AAA.com), today announced an exclusive pilot partnership. The partnership will provide greater awareness and discoverability for AAA Approved Auto Repair Shops within Northern California, [...]
Top Insurer Extends Relationship and Migrates to Mitchell WorkCenter(TM) to Improve Claims Efficiency and Policyholder Satisfaction
SAN DIEGO, CA - Mitchell International Inc., a leading provider of information, workflow and performance management solutions to the collision claims and repair industries, today announced that Mercury Insurance has extended and expanded its relationship with Mitchell to provide claims [...]
(Chicago Tribune Via Acquire Media NewsEdge) Feb. 24–Northbrook insurance giant Allstate Corp., in a move designed to retain more cash on its balance sheet, said Tuesday that directors voted to cut the company’s dividend by just over half, to 20 cents from the previous 41 cents.
The dividend is payable April 1 to Allstate holders of [...]