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ALL » Topics » Partially Offset by On-going Risk Mitigation Actions

This excerpt taken from the ALL 8-K filed Oct 23, 2008.

Partially Offset by On-going Risk Mitigation Actions

 

·                  Catastrophe losses of $1.8 billion, including losses from Hurricanes Ike and Gustav, were partially mitigated by exposure reduction actions and reinsurance.

·                  Pre-tax net realized capital losses of $1.3 billion reflect unprecedented declines in credit markets, partially offset by positive impact of risk mitigation programs.

·                  Profitability from underlying underwriting remains strong and within full-year outlook range.

·                  Strong liquidity and capital positions.

 

NORTHBROOK, Ill., October 22, 2008 – The Allstate Corporation (NYSE: ALL) today reported results for the third quarter of 2008:

 

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