Allstate returns to profitability in first quarter

Posted April 28, 2010 at 5:26 p.m.

Associated Press | Property and casualty insurer Allstate Corp. said Wednesday it was profitable in the first-quarter, reversing a year-ago loss. Northbrook-based Allstate said its net income totaled $120 million, even as costs rose for insuring against damage caused by catastrophes, including severe winter weather in the eastern United States.

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