U.S. P-C Improved Again In '03: Fitch
NU Online News Service, March 26, 3:17 p.m. EST?The U.S. property-casualty companies marked their second consecutive year of improvement in 2003, lowering their overall combined ratio by 6.9 percentage points to 98.0 and generating a 10 percent boost in net operating income, according to an analysis of 55 p-c companies by Fitch Ratings.[@@]
However, the New York-based Fitch raised questions about whether carriers can produce stable underwriting profits and adequate returns-on-capital down the road, as pricing trends continue to soften.
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