Insurers returning to underwriting profit
U.S. property and casualty insurers, a group including Travelers Cos. and Allstate Corp., returned to an underwriting profit in the second quarter, making more on premiums than they paid in expenses and claims.
The industry kept 0.5 cents of every dollar of premium revenue after costs and claims, its best quarterly result since 2007, Insurance Services Offices Inc. said in an e-mailed statement. A year ago, insurers lost 4.1 cents in the same period.
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