Fitch: Despite crisis, P/C insurers performed well in 2009

04/19/2010 | Insurance Networking News

The property/casualty insurance industry last year weathered the financial crisis well as most insurers' operating earnings became solid and their investment portfolios made a significant recovery, according to a report from Fitch Ratings. The improvement spurred an increase in GAAP shareholders' equity and a decline in the insurers' financial leverage, the rating agency added.

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