FM Global annual profit grows 16% to $737M

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JOHNSTON – Commercial property insurer FM Global posted 2006 net income of $737 million, a 16-percent increase over the previous year’s $635 million. The policyholder surplus grew 18 percent to $5.2 billion from $4.4 billion in 2005, FM Global said, and the company’s retention rate was 93 percent. “Given our strong capital base, operating record…

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