American Physician’s Capital
... has closed the first half of the year with net income of $21.1m, marking a decline of 6% that was generated by a 15% decline in investment income to $16.2m and a 6.7% drop in underwriting income to $14.5m. The Michigan-based company’s combined ratio improved to 74.9% from 75.3%, as a 15% drop in claim losses to $28.7m offset an 8.5% drop in earned premiums to $57.7m.
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