|By Bill Toland, Pittsburgh Post-Gazette|
|McClatchy-Tribune Information Services|
The company brought in
One of the "strong drivers" in that net income figure was a
The company also directed
Investment income dropped by about
Net income represents about 3 percent of operating revenues, a lower share than 2010 and a profit margin, the insurer noted, "much lower than
The results were issued just two days after the firing of
Despite that and despite some outlook adjustments from other debt ratings agencies, "We remain financially strong," Ms. DeTurk said.
We "held up surprisingly well during this difficult economic time," and in light of the "extremely competitive marketplace" in
That accounts for a total of
With claims costs flattening, premiums increases have moderated, too. The company said premium increases for the first half of 2012 have averaged in the single-digit range for most parts of the health business.
"This is an industry-wide trend," Ms. DeTurk said. "We went out with lower rate increases than we would normally be building into our pricing models."
Ms. DeTurk also noted that at the end of 2011,
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