Inside these posts: Hedging

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Allstate to shrink hedging program

Insurer Allstate Corp. plans to reduce the size of a hedging program designed to protect its $100 billion investment portfolio from steep declines.

The insurer spent “over several hundred million dollars” on the hedges in 2010 to shield the portfolio from sharp interest rate increases or a substantial drop in equities, Chief Executive Tom Wilson said on a conference call with analysts and investors Thursday. Get the full story »