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Article: Liberty Mutual Group Reports Third Quarter 2009 Results.
- Article from:
- Investment Weekly News
- Article date:
- November 14, 2009
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Liberty Mutual Group ("LMG" or the "Company") reported net income of $265 million for the three months ended September 30, 2009, an increase of $259 million over the same period in 2008.
"We are pleased with our results in the quarter," said Edmund F. Kelly, Chairman, President and CEO of Liberty Mutual Group Inc. "We and the industry benefited in the quarter from improved asset values and favorable weather. We remain committed to disciplined underwriting, reserving and overall risk management to maintain our strong balance sheet." Third Quarter Highlights Revenues for the three months ended September 30, 2009 were $7.916 billion, an increase of $1.045 billion or ...
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