Look for strong second-quarter property-casualty profitability but anemic top-line growth, said one investment bank today.
Bear Stearns property-casualty analyst David Small said that all reports have indicated the price declines have accelerated during the quarter.
“Over the past few quarters, managements have described the rate environment as stable and [said] there is still room to grow given 'fat' in current pricing,” Mr. Small wrote.
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