The property-casualty insurance industry will report $43.5 billion in net profits for 2005, a group of industry organizations said today.
Preliminary 2005 results provided by the Property Casualty Insurers Association of America and the Insurance Services Office also indicate the industry will post a modest underwriting loss, compared with the previous year when the first underwriting gain was posted in 24 years.
But even with that loss, the industry increased its profits by 12 percent when compared to the $38.5 billion gained in 2004.
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