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Philadelphia Consolidated Net Up 26%, Premiums Soar

Included in net income was a $14.4 million after-tax realized investment gain (19 cents per share) resulting from the liquidation of one of the company's equity security portfolios following a

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Philadelphia Consolidated Holding Corp. reported a 26 percent increase in second-quarter net income Friday afternoon, with an investment gain explaining much of the jump.

Net income was $94.4 million, or $1.27 per share, compared with $74.9 million, or $1.34 per share in last year’s second quarter.

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