The property-casualty insurance industry will report $43.5billion in net profits for 2005, a group of industry organizationssaid today.

Preliminary 2005 results provided by the Property CasualtyInsurers Association of America and the Insurance Services Officealso indicate the industry will post a modest underwriting loss,compared with the previous year when the first underwriting gainwas posted in 24 years.

But even with that loss, the industry increased its profits by12 percent when compared to the $38.5 billion gained in 2004.

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