CORRECTED – UPDATE 1-Allstate posts Q1 profit after year ago loss

* EPS 22 cents vs 51 cent loss year-ago

* Consolidated revenue falls
(Corrects revenue figures in third paragraph)

NEW YORK, April 28 (BestGrowthStock) – Allstate Corp (ALL.N: ), the
largest U.S. publicly traded car and home insurer, said on
Wednesday it posted a quarterly profit after a year-ago loss.

Allstate, which sells insurance to 17 million American
households, reported a first-quarter net profit of $120
million, or 22 cents a share, compared with a year-ago loss of
$274 million, or 51 cents a share.

Consolidated revenue slipped to $7.75 billion from $7.88
billion in the year-ago quarter.

Stock Investing

(Reporting by Christian Plumb; Editing by Bernard Orr)

CORRECTED – UPDATE 1-Allstate posts Q1 profit after year ago loss