Zenith National Insurance Corp. (NYSE: ZNT) yesterday announced that it wrote $903 million in premium on a net basis last year, down from $1.16 billion in 2005. The Woodland Hills-based company attributed the 22-percent drop to significant reductions in California workers' comp rates and claims costs. It added that the aggregate insured payroll of its workers' comp policyholders, which is the best measure of underwriting success, remained static between the two years.
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