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Article: Atlantic Mutual Companies Report Strong First Quarter Statutory Financial Results.
- Article from:
- Business Wire
- Article date:
- May 20, 2002
CopyrightCOPYRIGHT 2002 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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Business Editors
NEW YORK--(BUSINESS WIRE)--May 20, 2002
Atlantic Mutual Companies (Atlantic) today reported that statutory operating results, before realized gains on investments, interest expense on the surplus note and federal income taxes, were $7.2 million for the first quarter of 2002, an improvement of $8.5 million over the same period in 2001.
"Our first quarter results have benefited from the significant price increases achieved in commercial lines and marine, effective partnerships with key independent agents, as well as new business development initiatives in surety, and select commercial and marine segments. Renewal premium rates ...