Allmerica Acquires Financial Profiles

Allmerica Financial Corp. said it acquired Carlsbad-based Financial Profiles Inc. for an undisclosed amount as the company expands into the financial planning software business. Worcester, Mass.-based Allmerica, which has a market capitalization of more than $3.8 billion, is a holding company that markets insurance and retirement savings products and services to individuals and institutions. Financial Profiles provides analytical financial software to individuals and companies. Shares of Allmerica, up 27% this year, fell 88 cents to close at $64.06 on the NYSE.