Allstate Takes a Dive MOVERS MARKETPLACE By Bloomberg: Allstate Takes a Dive

By Erik Holm

Allstate, the largest publicly traded home and auto insurer in the United States, fell in New York trading Thursday after it said that profit fell 16 percent on declining revenue from residential property insurance. Allstate lost $2.65, or 4.6 percent, to $54.92 in afternoon trading, and has lost about 15 percent this year. Profit excluding investments fell 25 percent to $893 million

Originally published by Bloomberg News.

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