Agent Informer - National Association of Professional Allstate Agents ...

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NAPAA President conducts Agent Communication Meetings July 28, 2008, NAPAA Headquarters NAPAA will be hosting a series of Agent Communication Meetings across the country in the upcoming months. We begin this road show in Florida, where a series of meetings will be held this week to answer questions and concerns facing Florida Agents. NAPAA President, Bob Isacsen, NAPAA Attorney Dirk Beamer, and NAPAA Lobbyist Keri Rayborn will conduct the FL meetings which are open to all Allstate agents and staff. Wed - July 30 1:30pm – Hilton Miami Airport – 5101 Blue Lagoon Drive, Miami 305-262-1000 6:00pm – Marriot Coral Springs – 11775 Heron Bay Blvd, Coral Springs, 954-753-5598 Thurs - July 31 9:30am – Embassy Suites Palm Beach Gardens, 4350 PGA Blvd. (at I95) 561-622-1000 6:00pm – Hilton Garden Inn Ft Myers, 12600 University Dr, 239-790-3500 Friday - August 1 10:00am – Hampton Inn Sarasota I-75 Bee Ridge, 5995 Cattleridge Rd. 941-371-1900 3:30pm – Embassy Suites Tampa Airport/Westshore, 555 North Westshore Blvd. 813-875-1555 Admission is free; for more information, please call : 877.627.2248
The National Association of Professional Allstate Agents, Inc. is a nonprofit professional trade association for Allstate agents. NAPAA provides its members with reliable communications on issues that affect agency owners and their customers every week. NAPAA further serves its members by acting on their behalf and speaking with a distinct and unfettered voice on a wide range of issues. Our operations, including our publications, Website and office expenses are funded by member agents who pay membership dues. NAPAA is dedicated to advancing the interests of Allstate agency owners and their customers by promoting professionalism and ethical practices. By becoming a member of NAPAA, you are joining a special group of Allstate agents. As a rule, NAPAA members are the first to find out about breaking news about the company and the industry. As an example, NAPAA broke the news about what happened to agents in Canada last year – no one else was covering the story. We continue to follow this story and our members hear the latest updates first. The Canadian Experiment story is just one of several that the company would prefer you didn’t know about. Staying informed so that you are better able to make educated decisions about your business and your career is just one of the many benefits of NAPAA. Unity and strength are essential for a strong agent association. By joining NAPAA today you can help us grow even stronger. Please support NAPAA with your membership today. Click here to join online: Join NAPAA or Make a 2 minute call now – 877-627-2248 – We’ll complete your membership application for you! NAPAA is a professional trade association, membership dues are $350 per year, or $29 per month by EFT, and are tax deductible as an ordinary business expense. Analysts lower full-year estimates on Allstate Analysts lower Allstate estimates, concerned by life insurance segment, investment portfolio July 24, 2008, Associated Press NEW YORK (Associated Press) - Following a 98 percent drop in Allstate Corp.'s second-quarter profit, analysts expressed concern over the future of the insurer's life insurance segment and the inherent risk in its investment portfolio. Late Tuesday, the Northbrook, Ill.-based company reported net income below Wall Street's estimates, due to a record level of second-quarter catastrophe losses. The company also said its net investment income declined 14 percent, due to exposure to certain real estate and financial services-related assets, while operating income from its life insurance segment, Allstate Financial, also declined. Lehman Brothers analyst Jay Gelb subsequently lowered his full-year profit estimate to $5.40 per share from $5.45 per share. Analysts polled by Thomson Financial, on average, forecast earnings of $5.50 per share for the year. Gelb cut his estimate due to management's outlook for Allstate Financial. The company expects this business to generate quarterly operating income in the range of 65 percent to 75 percent of recent periods, which Gelb estimates as being in the $100 million range going forward. Management could seek strategic alternatives for this segment, said Gelb, who has an "Equal Weight" rating and a $49 target price on the stock. On the other hand, Wachovia Securities analyst Susan Spivak Bernstein, is concerned by the company's investment portfolio. "While Allstate is proactively seeking to mitigate its investment risk, we can't foresee a situation where there will not be additional writedowns," she wrote in a note to clients. Bernstein's "Market Perform" rating on the stock reflects uncertainty surrounding the investment portfolio, as well as the company's high catastrophe exposure. Lower forecasted investment yields also led Friedman, Billings, Ramsey & Co. analyst Bijan Moazami to lower 2008 estimates on the company, to $5.55 per share from $5.70 per share. Shares dipped 83 cents, or 1.8 percent, to $45.34 Thursday. Shares have traded between $42.51 and $59.23 in the past 12 months.
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Agent Informer - National Association of Professional Allstate Agents ...

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