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The last decade has been a rough one for regional insurers, judging by a Fitch Ratings performance review that shows regionals lagging behind other types of insurers in two key metrics.

Fitch’s “Property/Casualty Insurers’ Long-Term GAAP Performance Review” breaks the past decade down into two five-year periods (2002-2006 and 2007-2011) and measures average net income return on equity (ROE) and compound annual growth rate (CAGR) in book value per share.

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