14 Quotes by Rob Haines

I don't expect the Wachovia (joint venture) to be a big headache going forward. It's not a cheap stock but it's still a good franchise with good growth prospects.

Most life insurance companies lack the critical mass to survive long term. The sector is highly fragmented and rife with overcapacity. We do not see how most of the smaller players can effectively compete and remain profitable in this environment.

This settlement removes the largest cloud overhanging the company.

Earnings were essentially in line to mildly negative because of the adjustments.

A lot of people used to talk about the financial supermarket but it's clear that companies aren't getting rewarded for that model anymore. For the foreseeable future, it's likely banks will be spinning off (or selling) their insurance operations.

It was disappointing to have another restatement, but the company still earned $1.8 billion.

It was a very strong quarter. They blew away the (Wall) Street estimates.

It's another example of how asbestos can bite you. This issue is far from done.

The big question Allstate will need to answer in its conference call tomorrow is how much of the risk they'll retain and what will be the pricing trends,