“Given the circumstances, we are pleased with our results in the third quarter,” said Edmund F. Kelly, Chairman, President and CEO, Liberty Mutual Group “We absorbed over $800 million of pre-tax natural catastrophe losses and approximately $250 million of pre-tax investment losses and still reported positive, albeit slightly, results in the quarter. The fundamental strength of our business has never been more apparent.”
Liberty Mutual Reports Third-Quarter Results, Took $800M Cat Loss
Boston-based Liberty Mutual Group on Wednesday reported net income of $6 million and $666 million for the three and nine months ended September 30, 2008, respectively, compared to $404 million and $1.093 billion in the same periods in 2007.
Published on November 11, 2008
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