Fitch affirms Allstate

Fitch Ratings said it affirmed Allstate Corp.'s senior debt ratings at BBB+.

The outlook remains positive.

“The affirmation of the ratings and maintenance of the positive outlook for Allstate's core insurance subsidiaries reflects Allstate's very favorable business profile with market leading underwriting expertise and significant operating scale, strong risk-based capital position and very strong financial performance with consistently favorable underwriting margins and operating returns, offset by its higher than peer average allocation to risky investment assets,” the agency said in a news release.

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