Harleysville Reports Quarterly Loss

NU Online News Service, April 28, 9:53 a.m. EDT?Harleysville Group reported a first-quarter loss of $3.24 million, or 11 cents per share, driven down by a $20 million pre-tax reserve adjustment for workers' compensation, winter storm property catastrophe losses and poor personal lines results.

The Harleysville, Pa.-based insurer was profitable during the comparable period last year, with a net income of $13.34 million, or 44 cents on a per-share basis.

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