Allmerica Posts Narrower Profit
NU Online News Service, April 29, 3:29 p.m. EDT?Allmerica Financial reported that its first-quarter profit shrank by 22 percent to $37.1 million, or 70 cents per share, driven down by a smaller investment income and a decreased profit from its financial services unit.
In the corresponding period last year, the insurer posted $47.9 million, or 90 cents on a per-share basis.
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