While the outlook for the ratings of Allstate New Jersey is stable, the ratings could be downgraded if underwriting performance and/or capital levels fall materially short of A.M. Best’s expectations.

The FSR of A- (Excellent) and ICRs of “a-” have been affirmed for the following members of Allstate New Jersey Insurance Group:

• Allstate New Jersey Insurance Company

• Allstate New Jersey Property and Casualty Insurance Company

• Encompass Insurance Company of New Jersey

• Encompass Property and Casualty Insurance Company of New Jersey

• Esurance Insurance Company of New Jersey

The methodology used in determining these ratings is Best’s Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best’s rating process and contains the different rating criteria employed in the rating process. Key criteria utilized include: “Risk Management and the Rating Process for Insurance Companies”; “Understanding BCAR for Property/Casualty Insurers”; “Catastrophe Analysis in A.M. Best Ratings”; and “Rating Members of Insurance Groups.” Best’s Credit Rating Methodology can be found at www.ambest.com/ratings/methodology.

Founded in 1899, A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2013 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.

Copyright Business Wire 2010

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