Allstate Q1 Profit Falls 7.4%; Home, Auto Policy Count Decline Slows

Nearly $360 million of first-quarter catastrophe losses drove a 7.4 percent decrease in net income for Allstate Corp.

By Chad Hemenway | May 02, 2013 at 04:20 AM

Nearly $360 million of first-quarter catastrophe losses drove a 7.4 percent decrease in net income for Allstate Corp.

The Northbrook, Ill.-based insurer posted first-quarter net income for $709 million compared to $766 million a year ago during the same time.

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