Management fee revenue was flat as direct written premiums of the property casualty group remained level compared to the second quarter of 2007. Policy retention rate improved to 90.4% compared to 89.9% at the end of the second quarter last year. The total cost to management operations increased by 2.8%. Personnel cost increased by 4.9% compared to 2007 primarily as a result of $1 million charge for executive severance cost.
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites.
Market data: BATS Exchange. Inc.
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