NU Online News Service, Feb. 16, 11:32 a.m. EST

W.R. Berkley has reported fourth-quarter net income at the Greenwich, Conn.-based insurance carrier rose 233 percent on the strength of its improved investment portfolio.

The company said net income for the 2009 fourth quarter rose $94 million to $134 million, or 81 cents per share, compared with $40 million, or 24 cents per share, for the fourth quarter of 2008. Revenues rose 9 percent, or $97 million to $1.18 billion.

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