The industry also turned in its best underwriting performance since 1949, with a combined ratio of 92.4. The financial performance of the property/casualty insurance industry in 2006 was generally excellent. Profits (net income after taxes) increased by $19.5 billion, or 44.3 percent, to $63.7 billion from $44.2 billion in 2005.
To read the full report: Year End Results.
Happy learning,
David
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