This excerpt taken from the ALL 10-K filed Feb 24, 2005.
Investment Outlook
•
The
Property-Liability investment portfolio relies upon positive cash flows to support investment purchases. Cash flows available for investment can be impacted by
volatility in underwriting results and the level of dividends paid by Allstate Insurance Company ("AIC") to The Allstate Corporation. The amount of cash flow available to invest directly impacts the
amount of Property-Liability net investment income.
•
Allstate
expects to experience lower investment yields due, in part, to the reinvestment of proceeds from security prepayments, calls and maturities, and the investment of
cash flows from operations in securities yielding less than the average portfolio rate.
Bet you've never seen portfolio analytics like these.
