Allstate Corp., the largest publicly traded U.S. home and auto insurer, said second-quarter earnings will be cut by about $320 million on costs tied to extinguishing debt.
Allstate paid about $2.3 billion to retire bonds with a principal amount of approximately $1.8 billion, the Northbrook, Illinois-based insurer said today in a statement distributed by PR Newswire.
Copyright 2024 Bloomberg.
Topics Profit Loss
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