Hamilton, Bermuda-based insurer White Mountains Insurance Group, Ltd., reported its net income rose $228 million in the third quarter, after suffering a loss for the same period last year.

The company reported on Thursday that net income rose from a loss of $66 million, a loss of $6.16 per share last year, to $162 million, or $15.01 a share in the third period–a more than 300 percent increase. Revenues were almost flat, increasing less than $9 million, from $1.178 billion to $1.186 billion.

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