The Allstate Corporation (NYSE:ALL) yesterday reported financial results for the first quarter of 2016. The company reported that total revenue of $8.9 billion in the first quarter of 2016 declined compared to the prior year quarter, as increased insurance premiums were more than offset by lower net investment income and realized capital losses, which are a component of revenue. Property-liability insurance premiums increased 4.0 percent and Allstate Financial premiums and contract charges increased 5.4 percent compared to the first quarter of 2015. Net investment income was 14.0 percent lower than the first quarter a year ago, and realized capital losses
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