Liberty Mutual net income soars
US insurance giant Liberty Mutual has reported net income of $315m for the three months ended March 31, 2010 an increase of $293m over the same period in 2009 despite $411m catastrophe losses in the quarter.
Revenues for the three months were $8.190bn, an increase of $784m or 10.6% over the same period in 2009.
Net written premium for the three months was $7.209bn, an increase of $181m or 2.6 % over the
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