A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of “aa-” of the members of Allstate Insurance Group (Allstate). Concurrently, A.M. Best has affirmed the FSR of A+ (Superior) and ICRs 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 rating of “aa-” of the remaining outstanding note issued under the funding agreement-backed securities programs of Allstate Financial’s lead life company, Allstate Life Insurance Company (Allstate Life). The outlook for the above ratings is stable. A.M. Best also has upgraded the FSR to A (Excellent) from A- (Excellent) and the ICR to “a” from “a-” of First Colonial Insurance Company (First Colonial) (Jacksonville, FL). The outlook for both ratings has been revised to stable from positive. Additionally, A.M. Best has affirmed the ICR of “a-” and all debt ratings of the ultimate parent, The Allstate Corporation (Allcorp) (NYSE:ALL). The outlook for these ratings is stable. All the above named companies are domiciled in Northbrook, IL, except where specified. (See link below for a detailed listing of the companies and ratings.) The ratings reflect Allstate’s solid risk-adjusted capitalization, improved operating performance and strong business profile with a significant market presence. The group’s capital position reflects its improved earnings trend, which has 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 strong automobile profitability and improved homeowners’ margins are attributable to rate adequacy along with solid core underwriting capabilities, prudent capital management and sizeable investment income. Moreover, Allstate’s underwriting results also reflect the favorable impact of its ongoing risk management actions, various expense management initiatives and significant investment in technology.