Allstate's Quarterly Profit Up 50%
NU Online News Service, Feb. 4, 2:30 p.m. EST?The Allstate Corporation reported that its fourth-quarter profit rose 50 percent to $1.14 billion, thanks to increased premiums earned as well as continued favorable auto and homeowners loss frequencies.[@@]
The figure compares with $761 million reported during the 2003 fourth quarter.
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