ORLANDO, Fla.--The National Council on Compensation Insurance (NCCI) announced today that the workers' compensation insurance market squeaked out another profitable year with a calendar-year combined ratio of 99 for 2007.

But that figure, released at the NCCI's Annual Issues Symposium here, was a six-point deterioration from last year and would have been even higher if results from the California market were removed, according to NCCI Chief Actuary Dennis Mealy. Without California, the figure would have stood at 104, he said.

Mr. Mealy told the 700 industry attendees that based on historical trends, for the future the good times for the industry are over, and he thinks the good results are "the last I will see--and I'm not announcing early retirement."

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