USAA Group says 2012 was its second-costliest year ever for catastrophe losses—$1.1 billion on 196,000 claims.
But the reciprocal exchange increased yearly net profit 33 percent over 2011, which was the company's costliest year for catastrophe claims at $1.4 billion.
USAA says its net income for 2012 was $2.83 billion, compared to $2.13 billion in 2011.
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