Allstate Posts 9% Decline in Profit for 2008; Combined Ratio at 99.4%

January 29, 2009

  • January 29, 2009 at 2:25 am
    bud bowl says:
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    gonna kick you guys out, too?

  • January 29, 2009 at 6:47 am
    Oldtimer says:
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    Read the last line of the article:

    Analysis provided by Allstate Financial.

    In related news:

    AIG announced that the financial crunch is over and that their outlook is extremely positive, with strong cash positions and a number of action items designed to allow AIG to continue it’s dominant position in the financial services world.

    Analysis provided by AIG

    Citigroup announced that CitiBank and other alligned Citi affiliates are fiscally solvent and announce action plans to invest in additional jets and luxurious “retreats” for it’s executive staff.

    Analysis by CitiGroup

    Lehman Brothers has announced that despite a complete chapter 11 bankruptcy filing, their cash flow and cash reserves are satisfactory and plan to release “action plans” of their own, similar to the recent Allstate announcements.

    Analysis by Lehman Brothers

    What’s next? TV commercials wit their pitchman from The Unit saying that even though they no longer sell insurance an the gulf states, they will continue to be called Allstate. That’s Allstate’s stand!

    LMFAO



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