Thursday, July 12, 2007

P/C Industry Starts Strong in 2007 With First-Quarter Underwriting Profit

Publication Date: July 9, 2007
Advisen -- Insurance Market
Source: BestWire Services

"The U.S. property/casualty industry followed record profits in 2006 with continued favorable trends in the first quarter of 2007, posting net income after taxes of $16.7 billion. An underwriting gain of $8.0 billion and net investment income of nearly $14 billion propelled the industrys strong operating results..."