Allstate Profit Falls 15.5% Due to Catastrophe Losses
Allstate, one of the first major insurers to report third-quarter earnings, said operating net, which analysts use to measure performance, was $893 million, or $1.54 a share.

That fell short of analysts' average expectation of $1.69 a share, according to Reuters Estimates.

It was also down from the year-ago quarter, when the Northbrook, Illinois-based company, the second-largest writer of auto policies in the United States, earned $1.19 billion, or $1.88 a share, in operating net.