Insurer Allstate's profit rises on lower catastrophe losses


July 31 (Reuters) - Home and auto insurer Allstate Corp reported a 2.6 percent rise in quarterly profit due to lower catastrophe losses. Net income rose to $434 million, or 92 cents per share, in the second quarter, from $423 million, or 86 cents per share, a year earlier. On an operating basis, Allstate reported earnings of $1.12 cents per share. Revenue rose 6.1 percent to $$8.79 billion.


To access this content simply register below now.
Registering is easy and allows you to:

  • Access all public content and newswire stories
  • Participate in forums
  • Comment on articles
  • Sign up for e-newsletters
  • And much more!

Already registered? here.

Nov 21, 2016

2017 Wards 10 Best Engines: Less Is More With Four

Fun-to-drive is a key 10 Best Engines measure when it comes to small-displacement, high-performance four-bangers....More


Diesels Power Profit Gains by VW's Lending Unit  

Volkswagen Financial Services cites increased demand for diesel cars in upgrading its projected 2016 profit from €1.92 billion to a record €2.1 billion....More


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×