--Allstate first-quarter profit jumps 46% to $776 million
--Operating profit of $1.42/share beats consensus
--Number of vehicles insured by Allstate's standard auto coverage falls to lowest since at least 2005
(Adds underwriting results beginning in the third paragraph, auto-insurance policies in the ninth.)
NEW YORK -(Dow Jones)- Allstate Corp.'s (ALL) first-quarter profit jumped 46% to $766 million as improved results in its home-insurance business and lower catastrophe costs gave a boost to the company's results.
Its operating income of $1.42 a share beat the consensus estimate of analysts surveyed by Thomson Reuters by 30 cents.
Underwriting profit at the company's ...
--Allstate first-quarter profit jumps 46% to $776 million
--Operating profit of $1.42/share beats consensus
--Number of vehicles insured by Allstate's standard auto coverage falls to lowest since at least 2005
(Adds underwriting results beginning in the third paragraph, auto-insurance policies in the ninth.)
NEW YORK -(Dow Jones)- Allstate Corp.'s (ALL) first-quarter profit jumped 46% to $766 million as improved results in its home-insurance business and lower catastrophe costs gave a boost to the company's results.
Its operating income of $1.42 a share beat the consensus estimate of analysts surveyed by Thomson Reuters by 30 cents.
Underwriting profit at the company's ...
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