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.
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