Allstate (NYSE:ALL) First Quarter Profit Plunges 7.4% on Higher Catastrophe Losses – ALL, SAFT, AEG, BRK.A

The Allstate Corporation (NYSE:ALL) announced fiscal Q1 earnings tumbled 7.4 percent as the company booked higher catastrophe losses. But, the insurance company beat Wall Street forecasts.

Northbrook, Illinois based Allstate announced stronger bottom-line results for fiscal Q1 of previous year, …