A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of “aa-” of all members of Allstate Insurance Group (Allstate). Concurrently, A.M. Best has affirmed the FSR of A+ (Superior) and ICR of “aa-” of the key life/health insurance members of the Allstate Financial Companies (Allstate Financial). In addition, A.M. Best has affirmed the debt ratings of “aa-” of the remaining outstanding notes issued under the funding agreement-backed securities programs of Allstate Financial’s lead life company Allstate Life Insurance Company. The outlook for all the above ratings is stable. A.M. Best also has revised the outlook to positive from stable and affirmed the FSR of A- (Excellent) and ICR of “a-” of First Colonial Insurance Company (First Colonial) (Jacksonville, FL). Additionally, A.M. Best has affirmed the ICR of “a-” and debt ratings of the organization’s ultimate parent, The Allstate Corporation (Allcorp) (Northbrook, IL) [NYSE: ALL]. The outlook for these ratings is stable. (See link below for a detailed listing of the companies and ratings.) The ratings reflect Allstate’s solid risk-adjusted capitalization, generally favorable operating performance and strong business profile with a significant market presence. The group’s capital position reflects its profitable earnings, which have contributed to surplus growth in most of the past five-year period, excluding parental dividends. Allstate's non-catastrophe operating results continue to be favorable as a result of enhanced pricing sophistication and improved loss cost management while maintaining underwriting discipline. Additionally, Allstate has a significant market presence and strong overall business profile as the second-largest personal lines writer in the United States. Furthermore, Allstate maintains moderate financial leverage as well as additional liquidity at the holding company level in both Allcorp and its subsidiary, Kennett Capital, Inc., and through access to capital markets, lines of credit and its commercial paper program. The group's improved automobile and homeowners' margins are attributable to rate adequacy along with its solid core underwriting capabilities, prudent capital management and sizeable investment income. Furthermore, Allstate’s underwriting results also reflect the favorable impact of its ongoing risk management actions, various expense management initiatives and significant investment in technology.