NU Online News Service, May 12, 12:51 p.m. EDT

Liberty Mutual reported first quarter net income rose by $293 million, primarily on the strength of investment gains.

The Boston-based insurer reported yesterday that net income of $315 million in the first quarter versus $22 million for the same period last year. The company reported investment income of $84 million this year compared to a loss of $373 million for the same period last year.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.