Weiss: U.S. P-C Profit Up 189% in ?03 First Half
NU Online News Service, Dec. 4, 12:30 p.m. EST?U.S. property-casualty insurance companies earned $15.6 billion during the first six months of 2003, up $10.2 billion, or 188.9 percent, compared to the same period one year ago, according to Weiss Ratings Inc.[@@]
The Jupiter, Fla.-based ratings agency added that in the second quarter this year, p-c insurers were also able to lower their underwriting loss to $2 billion?down from the $11.3 billion loss reported a year ago?thanks to improved underwriting.
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