The Commerce Group Earnings Rise
NU Online News Service, Oct. 27, 2:40 p.m.EST?The Commerce Group Inc., a Webster, Mass.-basedinsurer, posted $22.9 million in profit for its third quarter,nearly doubling the $12.6 million in income it posted one yearago?thanks to improved investment income and higher earnedpremiums, the company said.
The company, the largest personal auto insurer in Massachusetts,had net realized investment gains of $2.6 million for the thirdquarter. In contrast, the insurer had recorded $13.4 million in netrealized investment loss during the corresponding period lastyear.
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