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St. Paul 4th-Qtr. Net Soars

Net income increased to $1.19 billion from $179 million for the period a year earlier when the company was hurt by record catastrophe losses and charges to expand reserves for asbestos and environment

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St. Paul Travelers Cos. Inc. said yesterday that 2006 fourth-quarter earnings rose sharply, beating analysts’ expectations.

Net income increased to $1.19 billion from $179 million for the period a year earlier when the company was hurt by record catastrophe losses and charges to expand reserves for asbestos and environmental claims.

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