White Mountains posts reduced Q2 profit
White Mountains Insurance Group has announced that its comprehensive net income for the second quarter of 2004 was $38m, down on the $163m posted over the same period of 2003.
The company said that the decline was mainly due to $139m of after-tax unrealized losses on the fixed income portfolio caused by a rise in interest rates, compared to after-tax unrealized gains ofOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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