Insurance Post

ISO report looks at US P/C market

The U.S. property/casualty industry’s net income after taxes rose to $13.3bn in the first quarter of 2004 from $6.5bn in the first quarter of 2003 as insurers posted an underwriting profit for only the second time since the start of quarterly data going back to 1986, according to a new report from ISO.

However, it claims that growth in net written premiums slowed to 4.5% versus year-ago levels over the first quarter of 2004 compared to the 12.7% in the same period of 2003 amid signs of intensifying

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