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Insurer's net income rose 16.4 percent in 2015 compared to the same period in 2014, (Photo: Thinkstock)

Private U.S. property and casualty insurers’ net income after taxes grew to $44 billion in the first nine months of 2015, from $37.8 billion in the same period in 2014, with insurers’ overall profitability as measured by their rate of return on average policyholders’ surplus growing to 8.8 percent from 7.6 percent, according to a report from Jersey City, N.J.-based ISO and Chicago-based Property Casualty Insurers Association of America (PCI).

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