NU Online News Service, June 24, 12:41 p.m. EST

Although the property and casualty industry turned in a “mixed performance” for the 2011 first quarter, fundamentally it remains “quite strong financially,” according to an analysis of results by I.I.I. President Robert Hartwig.

Hartwig, commenting on a report of industry financial results distributed by ISO, the Insurance Information Institute, and the Property Casualty Insurers Association of America, notes that profitability declined and underwriting performance deteriorated further, but he adds that a positive development is premium growth seems to be on a “sustained upward trajectory,” rising for four consecutive quarters.

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