NU Online News Service, April 28, 3:19 p.m. EST

Allstate Corp. 2011 first quarter profits soared on half as much catastrophe-related losses compared to this time a year ago, and capital gains instead of losses.

Net income during the first quarter was $519 million compared with $120 million for the 2010 first quarter when catastrophe losses were $648 million. Weather-related losses for the first three months of this year were $333 million.

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