F.M. Global Profit Up 176% For 2003
NU Online News Service, Feb. 23, 2:46 p.m. EST?FM Global, the commercial property insurer based in Johnston, R.I., reported that 2003 net income rose 176 percent over the previous year to $666 million, a gain of $422 million helped in part by strong client focus on loss prevention.
The company said the results were powered by strong investment results, good premium growth, client retention, reduced loss frequency, a policyholder surplus increase and its lowest combined ratio ever.
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