NU Online News Service, Oct. 21, 2004, 10:40 a.m. EST
Allstate Corp. reports a sharp decline in net income for the 3nd quarter compared to last year.[@@]
Allstate, in Northbrook, Ill., reports a net income of $56 million in the quarter, a $635 million drop from $691 million in the same period last year. It attributed the drop mostly to property-casualty insurance losses due to the severe hurricane season.