General Casualty Lauds First Half

August 30, 2004

Sun Prairie, Wis.-based General Casualty Insurance Cos. lauded its first-half results in a statement released to the news media.

The company reported a first-half profit of $28.6 million and upped its policyholder surplus by $21.5 million. The company’s statutory combined ratio, meanwhile, was 100.2, compared to 101.3 for the full-year 2003. Net written premium was $510.3 million for the first half.

General Casualty CEO Pete McPartland forecast an “even better second half” in store.

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