Essay about Accounting Acc290

1162 Words Jun 3rd, 2013 5 Pages
Allstate Insurance Financial Statement, Part II
Amanda Crombach, Tami Reischmann, Jessica Roth, Shane Vogt
April 8, 2013

Allstate Insurance Financial Statement, Part II

This paper will breifly discuss some different financial aspects of Allstate including, what some of Allstate’s assets include, how the assets are classified, what cash equivalents are, the company’s total liabilities at the end of the most recent annual reporting period as well as at the end of the provious reporting period, what information gathered in this paper that might be important to creditors, investors, and employees. The Allstate Corporation is the largest publicly held personal lines property and casualty insurer in
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This is the account used to deposit revenues and also to pay expenses. Short Term investments, known as temporary investments or marketable securities, are investments that include interest expected to be converted into cash within a year. The Net Receivables are monies that are due from customers for merchandise or services that are formalized agreements and evidenced in writing. Allstate Asset Management can be more broadly classified into the Securities, Commodity Contracts, and Other Financial Investments and Related Activities sector, defined as companies that primarily engage in underwriting securities issues and/or making markets for securities and commodities; acting as agents between buyers and sellers of securities and commodities. Providing securities and commodity exchange services; and providing other services, such as managing portfolios of assets; providing investment advice; and trust, fiduciary, and custody services. Cash equivalents are investment securities that are short term, have high credit quality and are highly liquid. Cash equivalents are necessary because companies who need cash on hand can have cash equivalents in stead. Cash equivalents are easily converted into cash, Examples of cash and equivalents are money market holding, short-term government bonds or treasury bills, marketable securities and commercial

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