The U.S. property-casualty insurance industry showed continued improved operating performance in the first half of 2006, according to a report issued by Fitch Ratings Service today.
Based on first-half results and barring any unusual events going forward, Fitch said, the industry is likely to meet or exceed estimates for underwriting performance and net income for the full year.
Fitch analyst James Auden said the industry is unlikely to repeat the performance in the second half due to seasonal pressures.
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