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Article: Property and Casualty Insurers Earn $41.3 Billion in 2004, According to Weiss Ratings; Industry Reports Record Underwriting Profit of $6.4 Billion.
- Article from:
- Business Wire
- Article date:
- August 15, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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JUPITER, Fla. -- Apparently unfazed by last year's devastating hurricane season, the nation's property and casualty insurers reported profits of $41.3 billion in 2004, representing a 28 percent increase over the $32.3 billion earned in 2003, according to Weiss Ratings, Inc., the nation's leading independent provider of ratings and analyses of financial services companies, mutual funds, and stocks.
Property and casualty insurers reporting the largest year-over-year increases in net income include:
Capital Net Income (Loss) ($Mil)
& ---------------------------
WeissSurplus ...
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