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Allstate posts lower 4th-quarter profit on Sandy claims
February 6, 2013 / 9:21 PM / 5 years ago

Allstate posts lower 4th-quarter profit on Sandy claims

Feb 6 (Reuters) - Home and auto insurer Allstate Corp’s quarterly profit fell 45 percent, hurt by losses from superstorm Sandy.

The company posted net income of $394 million, or 81 cents per share, in the fourth quarter, compared with $712 million, or $1.40 per share, a year earlier.

On an operating basis, Allstate earned 59 cents per share.

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