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ALL » Topics » Financial Services

This excerpt taken from the ALL 8-K filed Jul 24, 2008.

Financial Services

 

Allstate Financial posted operating income of $118 million for the quarter, a decline from $154 million in the prior year quarter due in part to lower investment spreads and increased costs related to the effort to reinvent retirement for consumers. “Our life insurance products continued to perform well and our asset accumulation retirement products had a good quarter with increased new business returns,” Wilson said. “Our challenge and opportunity in financial services is increasing consistency in achieving desired results quarter to quarter, especially in light of continued pressures on the economy and investment markets.”

 

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