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Wednesday, 29 October 2014

Allstate profit beats estimates as premiums rise

Allstate insurance posts fourth quarter results as office shown in San Francisco (Reuters) - Allstate Corp , the largest publicly traded home and auto insurer in the United States, reported a higher-than-expected quarterly profit as it earned more premiums. The insurer has raised insurance premiums aggressively in the last few years without any significant loss to its share of the highly competitive home and auto insurance markets. Allstate's net income available to common shareholders rose to $750 million, or $1.74 per share, in the third quarter ended Sept. 30, from $310 million, or 66 cents per share, a year earlier. ...








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