Last year's surety business results are expected to be the best in five years, with a 32 percent loss ratio, some 39 points better than 2004, and the industry should remain profitable this year, according to a brokerage firm's analysis.

This was the conclusion of a report issued by Aon Construction Services Group, a subsidiary of Chicago-based insurance broker Aon Corp.

Aon said that for the first nine months, the industry posted direct written premium of $3.45 billion for 2005, compared with $3.25 billion in 2004.

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