AM Best issues report on 2004 US P/C industry
The US property/casualty industry reported improved operating results in 2004 for the second straight year, but for the first time since 1978, underwriting results were profitable, with a combined ratio of 97.9, according to a new report released by AM Best.
With invested assets - up 17% from year-end 2003 - generating actual growth in net investment income, and with a reasonably strong equity market, surplus continued to grow at a healthy 13.5% pace inOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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