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Liberty Mutual Increases Q1 Net Income

May 9, 2011 | Reprints | Unlock Link | Print

Boston-based Liberty Mutual Group today reported $362 million net income for the first quarter ended March 31, an increase of $47 million compared to the same period in 2010.

"Considering the number and magnitude of catastrophic events worldwide, we are satisfied with our operating results in the first quarter," said Ted Kelly, chairman and CEO of Liberty Mutual Group. "Overall, our businesses were profitable and our investment operation had another outstanding quarter."

Insurance