Allstate profit roughly flat in H1
Illinois-based insurer Allstate has reported net income available to common shareholders of $1.14bn for the first half, down from $1.19bn in H1 2012, on consolidated revenues of $17.25bn, up from $16.6bn. Property-liability premiums rose to $13.6bn from $13.3bn. The combined ratio improved to 94.7%, from 95.1% in the corresponding period last year. For Q2 the combined ratio improved 1.9pp year on year to 96.1%.