NU Online News Service, Nov. 8, 3:34 p.m. EST

Liberty Mutual Group said net profits more than doubled from a year ago in the 2010 third quarter, and reiterated in a later conference call that it has no plans to take the entire company public.

Liberty Mutual said that net income for the third quarter was $567 million for the period ended Sept. 30, up 118 percent from the $260 million earned in the same period a year ago.

Pretax operating income was $658 million for the third quarter ended Sept. 30, compared to $249 million in the year-ago quarter.

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