Fourth Quarter 2012 Highlights (all figures compare fourth quarter 2012 results to the results for the same period in 2011 except as noted):Gross premiums written and managed increased 10.8% to $481.2 million in the fourth quarter. Excluding programs, policies in-force increased by 1.1% as of December 31, 2012, compared to December 31, 2011. For the fourth quarter of 2012, premiums on renewed Commercial Insurance business excluding programs increased 5.3% and premiums on renewed Personal Insurance business increased 5.6%, resulting in an overall premium increase on renewal business of 5.4%. In the fourth quarter of 2012, our Commercial Insurance business renewal retention rate excluding programs was 83.7% and our Personal Insurance business renewal retention rate was 73.5%, resulting in an overall retention rate of 77.8%.
Tower Group Reports Fourth Quarter And Full Year 2012 Results
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