Allmerica Financial Swings To Profit
NU Online News Service, July 30, 10:27 a.m.EDT?Allmerica Financial Corp., reversing last year's $55.5million second-quarter loss, posted net income of $24.4 million forthe period.
The company said it achieved this profit improvement despite aprofit decline from its property-casualty business, which recorded$20.6 million in income compared to $51.6 million one year ago.
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