TEXT-Fitch release on U.S. auto insurers

Newswire

(The following statement was released by the rating agency) Dec 18 - Fitch Ratings said today in a report on the auto insurance industry that auto insurers' recent financial results have been strong, especially in comparison to historical averages. Leading auto insurers have taken advantage of the generally favorable rate environment, declining frequency, and, to a lesser extent, favorable loss cost trends to produce strong earnings and market share gains. However, insurers that lacked ...

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