Liberty Mutual Holding Company Inc. says 2013 second-quarter net income was $448 million, up by $309 million compared to the same period a year ago, as written premiums grew and underwriting results improved.
The company reports $8.9 billion in net-written premium, up by $558 million compared to 2012's second quarter. Revenues, reported at $9.8 billion, were up by $667 million in the period.
Catastrophe losses in the quarter totaled $617 million, down from $702 million a year ago. The company's combined ratio was 101.5, down by 4.3 points compared to 2012.
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