NEW YORK (Reuters) – Allstate Corp on Wednesday posted profits that beat analysts’ estimates by nearly 60% in the first quarter, gains driven largely by investment income and its core insurance businesses.
The company said adjusted earnings rose to $6.11 a share. That compares with the $3.88 average of analyst estimates according to IBES data from Refinitiv.
(Reporting by Alwyn Scott; Editing by Chris Reese)
