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This excerpt taken from the ALL 10-K filed Feb 25, 2010. Net investment income Net investment income for the years ended December 31 is as follows:
137 These excerpts taken from the ALL 10-Q filed May 7, 2009. Net investment income decreased 26.8% or $126
million to $344 million in the first quarter of 2009 compared to $470 million
in the first quarter of 2008. The
decrease was due to lower average asset balances reflecting dividends paid by Allstate
Insurance Company (“AIC”) to its parent, The Allstate Corporation (the “Corporation”),
and capital contributions to Allstate Life Insurance Company (“ALIC”) and
reduced portfolio yields.
Net investment income decreased 19.3% or $196
million to $819 million in the first quarter of
2009 compared to $1.02 billion in the same period of 2008. This decline was primarily due to lower
investment yields on floating rate securities, increased short-term investment
balances reflecting liquidity management activities, lower investment balances
and lower income from limited partnership interests.
Net Investment Income The following table presents net
investment income.
(1) Beginning in the fourth quarter of 2008, income from EMA LP is reported in realized capital gains and losses. EMA LP income for periods prior to the fourth quarter of 2008 is reported in net investment income. The amount of EMA LP income included in net investment income was $44 million in the first quarter of 2008.
Net investment income decreased 22.9% or $350 million to $1.18 billion in the first quarter of 2009 compared to $1.53 billion in the first quarter of 2008. This decline is due to lower investment yields from decreased market interest rates, carrying a greater amount of short-term investments in connection with tactically positioning greater liquidity, decreased average investment balances resulting mostly from reduced Allstate Financial contractholder funds, lower funds associated with security lending, lower income on limited partnership interests and decreased dividends on equity securities.
During the first quarter of 2009, our fixed income portfolio continued to generate significant cash flows from maturities, principal and interest receipts totaling $2.07 billion which was consistent with amounts due. These cash flows will be available to take advantage of market opportunities and manage liabilities.
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Total investment expenses decreased $35 million in the first quarter of 2009 compared to the first quarter of 2008. The decrease was primarily due to lower expenses associated with a lower amount of collateral received in connection with securities lending transactions. The average amount of collateral held in connection with securities lending was $296 million in the first quarter of 2009 compared to $3.56 billion in the first quarter of 2008, as a result of actions to reduce our securities lending balances.
These excerpts taken from the ALL 10-K filed Feb 26, 2009. Net investment income Net investment income for the years ended December 31 is as follows:
Net investment income Net investment income for the years ended December 31 is as follows:
This excerpt taken from the ALL 10-Q filed Nov 6, 2008. Net investment income decreased 13.7% and 9.9%
in the third quarter and first nine months of 2008, respectively, compared to
the same periods of 2007. The declines were primarily due to lower investment
yields on floating rate securities, increased short-term investment balances
reflecting liquidity management, lower average investment balances, and
valuation losses on limited partnership interests accounted for in accordance
with the equity method of accounting.
This excerpt taken from the ALL 10-Q filed Aug 6, 2008. Net investment income decreased 12.4% and 7.9% in the second
quarter and first six months of 2008, respectively, compared to the same
periods of 2007. The declines were primarily due to lower investment yields on
floating rate assets, lower yields on increased short-term investment balances
held to offset reduced liquidity in some asset classes and the maturity of
institutional markets funding agreements, and lower investment balances
reflecting dividends paid by Allstate Life Insurance Company (“ALIC”) in 2007.
This excerpt taken from the ALL 10-Q filed May 8, 2008. Net Investment Income The
following table presents net investment income for the three months ended March 31.
These excerpts taken from the ALL 10-K filed Feb 27, 2008. Net investment income Net investment income for the years ended December 31 is as follows:
Net investment income Net investment income for the years ended December 31 is as follows:
This excerpt taken from the ALL 10-Q filed Oct 31, 2007. Net investment
income increased 2.2% in the third quarter and 3.1% in the first nine months of
2007 compared to the same periods of 2006. The increase in both periods was
primarily due to increased partnership income and increased portfolio yields,
including on floating rate instruments. For certain products, the yield changes
on our floating rate instruments are primarily offset by changes in crediting
rates to holders of our floating rate contracts, resulting in minimal impact on
our gross margin.
This excerpt taken from the ALL 10-Q filed Aug 1, 2007. Net investment
income increased 2.7% in the second quarter and 3.6% in the first six months of
2007 compared to the same periods of 2006.
The increase in both periods was primarily driven by increased
investment yields and higher average portfolio balances. The higher portfolio yields were primarily
due to increased yields on floating rate instruments and, to a lesser extent,
improved yields on fixed rate assets. For certain products, the yield changes on
our floating rate instruments are primarily offset by changes in crediting
rates to our floating rate contractholders resulting in minimal impact on our
gross margin. Higher average portfolio
balances resulted primarily from the investment of operating cash flows.
This excerpt taken from the ALL 10-Q filed May 1, 2007. Net investment
income increased 4.6% in the first quarter of 2007 compared to the same period
of 2006 due mostly to increased investment yields and higher average portfolio
balances in the first quarter of 2007 compared to the same period in the prior
year. The higher portfolio yields were
primarily due to increased yields on floating rate instruments and, to a lesser
extent, improved yields on fixed rate assets supporting deferred fixed
annuities. For certain products, the
yield changes on our floating rate instruments pass to our floating rate
contractholders through changes in crediting rates with minimal impact on our
gross margin. Higher average portfolio
balances resulted
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