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Reuters

Reuters

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Business & Economics

Allstate's first-quarter profit falls as catastrophe losses triple

Reuters
Summary
Nutrition label

77% Informative

Allstate Corp reported a 52.4% fall in first-quarter profit as losses from California wildfires erased investment gains.

California suffered from devastating wildfires in January that scorched entire Los Angeles neighborhoods.

California wildfires claimed several lives and caused an estimated economic damage of as much as $250 billion .

VR Score

89

Informative language

97

Neutral language

23

Article tone

formal

Language

English

Language complexity

54

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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