Allstate Named "Most Shareholder-Friendly Company" For Fourth Straight Year.NORTHBROOK, Ill. -- For the fourth year, Institutional Investor Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. magazine has named The Allstate Corporation (NYSE NYSE See: New York Stock Exchange : ALL) one of America's most shareholder-friendly companies. Allstate was ranked at the top of the insurance (nonlife) category of financial institutions by Institutional Investor magazine for each of the four years the survey has been conducted. "We are committed to strong corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. , maintaining the highest ethical standards, and providing comprehensive, transparent information to investors," said Don Civgin, vice president and chief financial officer of Allstate. "We are honored to receive this award, which recognizes the success of our efforts over the past four years." Institutional Investor's ranking of America's most shareholder-friendly companies is based on a survey of 675 financial analysts and portfolio managers at more than 375 investment management firms with combined assets of $5.8 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. in U.S. equities. In making their choices, the financial professionals surveyed were instructed to consider the effectiveness of companies' governance and investor relations Investor relations The process by which the corporation communicates with its investors. as part of their overall efforts to maximize shareholder value. Respondents In the context of marketing research, a representative sample drawn from a larger population of people from whom information is collected and used to develop or confirm marketing strategy. gave their first, second, third and fourth choices, which were weighted to produce a score for each company. The top-ranked companies are listed in the magazine's March 2009 issue and online at www.iimagazine.com. The Allstate Corporation (NYSE: ALL) is the nation's largest publicly held personal lines insurer. Widely known through the "You're In Good Hands With Allstate([R])" slogan A slogan is a memorable motto or phrase used in a political, commercial, religious and other context as a repetitive expression of an idea or purpose. Slogans vary from the written and the visual to the chanted and the vulgar. , Allstate is reinventing protection and retirement to help individuals in approximately 17 million households protect what they have today and better prepare for tomorrow. Customers can access Allstate products and services such as auto insurance and homeowners insurance through approximately 14,700 exclusive Allstate agencies and financial representatives in the U.S. and Canada, or in select states at allstate.com and 1-800 Allstate([R]). Encompass([R]) Insurance brand property and casualty products are sold exclusively through independent agents. The Allstate Financial Group provides life insurance, supplemental accident and health insurance, annuity annuity: see insurance. annuity Payment made at a fixed interval. A common example is the payment received by retirees from their pension plan. There are two main classes of annuities: annuities certain and contingent annuities. , banking and retirement products designed for individual, institutional and worksite customers that are distributed through Allstate agencies, independent agencies, financial institutions and broker-dealers. Customers can also access information about Allstate Financial Group products and services at myallstatefinancial.com. |
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