Allstate reported second-quarter net income rose 16.2 percent compared with the same 2006 period.
The Northbrook, Ill.-based personal lines insurance giant reported second-quarter net income of $1.4 billion, compared with $1.2 billion in 2006.
But the $1.76 earnings per share figure missed analysts' consensus estimate by five cents as catastrophe costs offset solid auto earnings, according to an investment bank.
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