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Allstate Corporation is expected to release its fiscal second-quarter earnings this month, and analysts project a double-digit profit increase.

While Allstate has outperformed the Nasdaq Composite over the past year, Wall Street analysts remain cautiously optimistic about the stock’s prospects.

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With the rising frequency of natural disasters globally and rapid technological advancements, the property and casualty insurance industry is well-positioned to benefit. Considering this, which stock among the two industry leaders, Berkshire Hathaway (BRK.B) and The Allstate Corp (ALL), is better equipped to yield superior returns? Let’s find out….