P&C insurers' FY results fall short of those last year
A strong fourth quarter capped another solid year for the U.S. property/casualty industry, but year-end 2007 results fell short of the record profits recorded in 2006, according to US ratings agency AM Best.
The industry’s net income fell almost 7.0% to $66.5 billion from $71.3 billion in 2006. The industry’s after-tax return on equity slipped to 13.0% in 2007 from 15.3% recorded in 2006.
The US P&C
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