St. Paul Quarterly Net Falls 79% After Charge

By Michael Ha

NU Online News Service, Jan. 29, 2:24 p.m. EST?The St. Paul Companies reported 2003 fourth-quarter net profit of $52 million, falling 79 percent on a year-over-year basis from $244 million reported a year earlier, dragged down by its $228 million after-tax reserve charge for medical malpractice claims from its runoff health care business.[@@]

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