The property/casualty insurance industry is expected to post a profit for the first quarter of this year despite losses from winter storms and other disasters but might see its favorable loss-reserve development slow down, with personal-lines insurers increasing their prices, according to a report from Keefe, Bruyette & Woods. The analysts also noted that top-line business would remain a challenge for the industry, noting that "competition remains tough and underlying exposures have not grown."

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