|By Karen Rivedal, The Wisconsin State Journal|
|McClatchy-Tribune Information Services|
Net income in 2012 was
In 2012, by contrast, most of the damage was contained to the first half of the year, as American Family customers in several states collected catastrophe claim payments totaling nearly
But in the second half of the year, the skies calmed considerably in the 19 states that American Family covers, allowing the final catastrophe-loss tally to level off at
In addition, strong investment returns and improved operating results, including
Net premium income from property/casualty policies rose 5.2 percent to
American Family finished 2012 with a combined ratio of 103.3 for its core business of property and casualty insurance. That means it paid out
Last year also marked the first two acquisitions in American Family's history, with the
American Family assets last year totaled
The company has 7,474 employees -- down from 7,893 in
(c)2013 The Wisconsin State Journal (Madison, Wis.)
Visit The Wisconsin State Journal (Madison, Wis.) at www.wisconsinstatejournal.com
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