Surprisingly high premium growth marked St. Paul Travelers' second-quarter financials, according to one investment bank.
Nonetheless, the carrier's $970 million profits represented a decline from the prior year period's $1.069 billion due to a one-time gain of $138 million in the 2005 second quarter.
"Overall, it was a good quarter characterized by surprisingly high premium growth in commercial and specialty lines," wrote Morgan Stanley analyst William Wilt.
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