Allstate Posts Q1 Profit Of $665M
NU Online News Service, April 17, 4:10 p.m.EDT?The Allstate Corporation showed improving financialhealth in its first quarter with net income of $665 million, or 94cents a share, a jump from $95 million, or a 14-cents-per-share,profit it posted one year ago.
Allstate's revenue also increased in its first quarter, to $7.86billion from $7.3 billion posted a year earlier. The improvementwas achieved, the Northbrook, Ill.-based company said yesterday,even as policies in force for its auto insurance decreased alittle.
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