Allied is fine in the west writing a larger proportion of the commercial book with a strong, solid TCR — even with the lowered investment income.
Best’s change seems to reflect the loss of capital involved in the repurchase of the NF stock changing it back into a wholely owned group. Unluckily, this used a lot of capital at a time when that capital would reflect stability. What it doesn’t reflect is that the NF bank never became involved in risky home loans and that the financial crisis affects only a percent or two of the Mutuals holdings. If the company had a little more guts, they could parlay their strong finances into becoming a market leader.
Read between the lines – NEGATIVE OUTLOOK. Hmmmm, this was exactly what they said about Liberty Mutual before Lib went nuts and sold out their employees, and “retired” the Wausau brand name. A move of desperation.
What will Nationwide’s move of desperation be? The sale of ALLIED?? (Allied results are rumored to be horrendous)
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Huh? Negative outlook from stable and a continued A+ rating? Does anybody believe AM Best anymore?
Isn’t everyone getting hammered by the weather and poor investment returns? Maybe there is nothing else to find out?
Allied is fine in the west writing a larger proportion of the commercial book with a strong, solid TCR — even with the lowered investment income.
Best’s change seems to reflect the loss of capital involved in the repurchase of the NF stock changing it back into a wholely owned group. Unluckily, this used a lot of capital at a time when that capital would reflect stability. What it doesn’t reflect is that the NF bank never became involved in risky home loans and that the financial crisis affects only a percent or two of the Mutuals holdings. If the company had a little more guts, they could parlay their strong finances into becoming a market leader.
Read between the lines – NEGATIVE OUTLOOK. Hmmmm, this was exactly what they said about Liberty Mutual before Lib went nuts and sold out their employees, and “retired” the Wausau brand name. A move of desperation.
What will Nationwide’s move of desperation be? The sale of ALLIED?? (Allied results are rumored to be horrendous)
ALLIED has disappeared in Wisconsin. Are they doing “anything” anywhere else?