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The U.S. P&C industry improved underwriting results and net income through the first six months of 2015, according to an A.M. Best Special Report, and barring any late-year catastrophic events, the industry appears to be on track to post a third consecutive year of underwriting profits.

Net premiums written increased by 3.9% to $258.8 billion, while net income jumped 17.9% to $31 billion (see Exhibit 1, below, click image to enlarge).

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