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October 26, 2004
Underwriting Cash Flow Bumps Up P/C Insurers' Assets
The U.S. property/casualty industry reported a 3% increase in total assets during the first six months of 2004, compared with 5.7% during the same time period a year ago. Continuing to drive asset gains were favorable cash positions, driven primarily by solid underwriting cash flow reflecting the stable market conditions in each of the industry's three segments: reinsurance, commercial lines and personal lines.
Posted by Tom Troceen