Weiss Ratings Says P&C Reports $5.5B Profit

The nation's property and casualty insurers reported a $5.5 billion profit for the first three months of 2002, representing a $260 million, or 4.9 percent, increase over the same period last year, according to Weiss Ratings, Inc., an independent provider of ratings and analyses of financial services companies, mutual funds, and stocks. Notable insurers in the top 10 showing the largest year-over-year increase in net income in the first quarter of 2001 include: Metropolitan Property & Cas. Ins. Co. ($22.1M net compared to $131.8 loss, or a 154.0% increase); Liberty Mutual Ins. Co. ($27.7M net...