A new survey rating the effectiveness of various corporate investor relations has ranked Allstate first among insurance companies in the property-casualty sector.
Northbrook, Ill.-based Allstate was put at the top of the list by both buy-side and sell-side analysts, according to Institutional Investor, which said its findings were based on the views of 1,127 buy-side analysts, portfolio managers and sell-side analysts representing the leading securities firms and institutional investors.
The survey asked for nominees to the list based on the most important attributes used to evaluate the effectiveness of investor relations communications.
According to investors, the most important attribute is the transparency and quality of financial disclosures. The two next most important are the credibility, integrity and candor of the investor relations team, followed by access to senior management.
On the buy side, the next two on the list after Allstate Corp. were Progressive Corp. and American International Group. The sell-side analysts made Safeco Corp. and Progressive Corp. number two and three, in that order.
Among life insurers, the top three among buy-siders was The Hartford Financial, Aflac Inc. and Prudential Financial. The sell side listed The Hartford Financial, Aflac Inc. and Genworth Financial.
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