NU Online News Service, July 28, 3:45 p.m.EDT

Liberty Mutual Group reported net income dropped 9 percent inthe second quarter of this year, which the company's chiefexecutive said was acceptable under present market conditions.

"It is a remarkable result given the economic and competitiveenvironment," said Edmund F. "Ted" Kelly, the Boston-basedcompany's chairman, president and chief executive officer.

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