An Allstate sign in Portland, Ore. (AP Photo/Rick Bowmer)

NORTHBROOK, Ill. (AP) — Allstate Corp.’s profit grew in the second quarter, as the insurer benefited from higher revenue and capital gains, plus lower catastrophe-related losses.

The company said Wednesday that net income rose 2.6 percent to $434 million, or 92 cents per share, in the three months ended June 30. That compares with net income of $423 million, or 86 cents per share, in the prior-year quarter.

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