September 21, 2004
Best Reports P/C Insurers "Post Solid Results;" $9 Billion Profit for 1st Half of 2004
According to a new special report from A.M. Best Co., the U.S. P/C industry recorded an underwriting profit of nearly $9 billion during the first six months of 2004, a substantial gain from the comparable period of 2003.
Best said: "This solid underwriting performance is even more pronounced when factoring in the improvements achieved by the industry during 2003 and the first quarter of 2004."
Posted by Tom Troceen