Old Republic and Erie were named as the insurance companies withthe least volatile earnings, according to the Aon 2004 InsuranceEarnings Volatility Study.
The Old Republic International Corp., Chicago, topped the listin commercial lines companies while the Erie Insurance Group, Erie,Pa., was among the top companies in personal lines.
The study measures cumulative earnings in one-, two-, three- andfive-year periods ending Dec. 31. More than 80 public companieswith commercial, specialty, personal, reinsurance, and life andhealth lines participated in the study.
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