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Article: Liberty Mutual Insurance reports net gain from 1985 operations.
- Article from:
- PR Newswire
- Article date:
- April 16, 1986
CopyrightCOPYRIGHT 1986 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BOSTON, April 16 /PRNewswire/ -- Citing "a premium growth rate unparalleled in (the companies') history," Liberty Mutual Insurance Cos. today reported a net gain from operations of $101,089,000 for 1985, compared with a net gain of $92,548,000 in 1984.
Net premiums written by the Boston-based companies totaled $4,161,247,000 in 1985, representing a 37.5 percent increase over 1984. The companies recorded a net underwriting loss of $446,386,000, exceeding the 1984 loss by $83 million, while investment income increased to $720,723,000. Dividends declared to policyholders were $173,462,000 in 1985, compared with $144,601,000 in the previous year.
Surplus ...