Ohio Casualty's Quarterly Profit Down 16%
NU Online News Service, Aug. 8, 1:57 p.m. EDT?Big catastrophe losses, higher commission costs and the withdrawal from certain markets lead to Ohio Casualty Corp. posting a 16 percent drop in net income for the second quarter of this year.
The Fairfield, Ohio-based company reported a $2.1 million drop in its second-quarter net income, going from $13.1 million in 2002 to $11 million this year.
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