Commercial property insurer FM Global reported net income increased 16 percent from 2005, recording what the company said is the fifth consecutive year of strong financial and operating performance.
The Johnston, R.I.-based mutual insurer reported net income increased $102 million to $737 million for the year. Surplus grew to $5.2 billion in 2006, up $800 million. In-force premium was $4.5 billion.
The company's combined ratio was 75.3 and client retention rate was 93 percent.
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