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Allstate Profit More Than Doubles as Claims Costs Fall

Allstate Corp. (ALL), the largest publicly traded U.S. auto and home insurer, said fourth-quarter profit more than doubled on lower costs tied to catastrophes. The company advanced in extended trading. Net income rose to $724 million, or $1.43 a share, from $296 million, or 55 cents, a year earlier, the Northbrook, Illinois-based insurer said today…