Allstate Posts Q1 Profit Of $665M
NU Online News Service, April 17, 4:10 p.m. EDT?The Allstate Corporation showed improving financial health in its first quarter with net income of $665 million, or 94 cents a share, a jump from $95 million, or a 14-cents-per-share, profit it posted one year ago.
Allstate's revenue also increased in its first quarter, to $7.86 billion from $7.3 billion posted a year earlier. The improvement was achieved, the Northbrook, Ill.-based company said yesterday, even as policies in force for its auto insurance decreased a little.
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