Allmerica Posts Narrower Profit
NU Online News Service, April 29, 3:29 p.m.EDT?Allmerica Financial reported that its first-quarterprofit shrank by 22 percent to $37.1 million, or 70 cents pershare, driven down by a smaller investment income and a decreasedprofit from its financial services unit.
In the corresponding period last year, the insurer posted $47.9million, or 90 cents on a per-share basis.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
