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Mutual Risk’s performance continues to decline

Mutual Risk Management’s net income continued to fall in the fourth quarter of 1999, dropping to $8.18 million or 20 cents per share, compared with $16.2 million or 38 cents per share a year earlier. Although total revenues for the quarter increased by 15.4 per cent from $77.35 million to $89.29 million, total expenses went up even higher, by 38 per cent, from $59.28 million to $81.57 million.