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(Adds details and analyst comment throughout) NEW YORK, Feb 2 (Reuters) - St.
Paul Travelers Cos.
(STA.N: Quote, Profile, Research), one of the largest U.S.
property and casualty insurers, on Thursday posted a 41 percent drop in fourth-quarter profit, hurt by record catastrophe losses and charges to develop asbestos and environmental reserves.
St.
Paul's shares fell 3 percent in early trading on the New York Stock Exchange to $44.25.
Company guidance in a conference call that followed the earnings may lead to a lowering of expectations for 2006, analysts said.
Chairman and Chief Executive Jay Fishman said he expected a return of between 13.5 percent and 14.5 percent on equity from operations in 2006.
"By my calculations, that's betwee...
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