From the latest Allstate (ALL) 10-Q Quarterly SEC Filing
In July 2010, the FASB issued guidance requiring expanded disclosures relating to the credit quality of financing receivables and the related allowances for credit losses. The new guidance requires a greater level of disaggregated information, as well as additional disclosures about credit quality indicators, past due information and modifications of its financing receivables. The new guidance is effective for reporting periods ending after December 15, 2010. The new guidance affects disclosures only; and therefore, the adoption will have no impact on the Company’s results of operations or financial position.
That should get interesting.
Let see, they have less net investment overall from 2009 to 2010 (1,084 vs. 1,005MM); they had -144MM in realized capital gains- particularly getting hammered on their derivatives .
Then if we leave the 10 Q (which is hard to link to but can be found if you go to the Allstate website and hunt around in slightly illogical unable to repeat methods and find the SEC filings).
None of these look all that shocking. It is what it is, and they are what they are.
But would any of this lead you to the conclusion that it is a good time to start buying back shares and increasing the dividend? link