-

AM Best Assigns Issue Credit Rating to The Allstate Corporation’s New Senior Unsecured Notes

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Long-Term Issue Credit Rating of “a-” (Excellent) to the $500 million, 5.05% senior unsecured notes, due 2029, of The Allstate Corporation (Allcorp) (Northbrook, IL) [NYSE: ALL]. The outlook assigned to this Credit Rating (rating) is stable. The existing ratings of Allcorp and its insurance subsidiaries remain unchanged.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2024 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Elizabeth Blamble
Senior Financial Analyst
+1 908 882 1661
elizabeth.blamble@ambest.com

Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com

Edin Imsirovic
Director
+1 908 882 1903
edin.imsirovic@ambest.com

Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com

AM Best

NYSE:ALL

Release Versions
Hashtags

Contacts

Elizabeth Blamble
Senior Financial Analyst
+1 908 882 1661
elizabeth.blamble@ambest.com

Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com

Edin Imsirovic
Director
+1 908 882 1903
edin.imsirovic@ambest.com

Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com

Social Media Profiles
More News From AM Best

Best's Review Looks at the Benefits of Agent Networks

OLDWICK, N.J.--(BUSINESS WIRE)--In its March Issue, Best’s Review examines how agents are seeking to gain an edge by becoming part of an agent network. The scope of the assistance that these networks provide has grown in recent years to include services like business development, technology and ancillary advice, insurance leaders say. Like the broader insurance industry, agent networks have been boosted by the recent entrance of private equity. Read “Agent Networks Offer More Tools, Access.” An...

Best’s Special Report: More Upgrades, Fewer Downgrades for U.S. Life/Health Insurers in 2025

OLDWICK, N.J.--(BUSINESS WIRE)--Rating change activity in the U.S. life/health segment declined overall in 2025, with downgrades for Long-Term Issuer Credit Ratings also decreasing slightly to 6.4% of the segment's rating actions, compared with the same prior-year period, according to a new AM Best report. The Best’s Special Report, titled, “Rating Affirmations and Upgrades Rise in 2025, Downgrades Drop for US Life/Health Insurers,” notes that U.S. life/annuity insurers have benefited from reco...

Best’s Special Report: US Property/Casualty Rating Affirmations Rose in 2025 While Upgrades Outnumbered Downgrades

OLDWICK, N.J.--(BUSINESS WIRE)--For the first time in several years, rating upgrades outnumbered downgrades for the U.S. property/casualty (P/C) industry in 2025, driven by the performance within the commercial insurance segment, according to a new report from AM Best. The Best’s Special Report, titled, “US P/C Rating Affirmations Rose in 2025 While Upgrades Outnumbered Downgrades,” notes that rating affirmations were the most common rating action taken across all segments in 2025, increasing t...
Back to Newsroom