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Boston-based insurer Liberty Mutual Group reported profits of $360 million for the first quarter of 2008, a 3% increase compared with the same period last year.
Published on May 6, 2008
The carrier also reported net written premiums of $6.25 billion for the 2008 first quarter, a 10% increase from the same period last year. Liberty Mutual paid out $583 million in catastrophe losses during the quarter, a 13.4% increase over the first quarter of 2007.
Its combined ratio for the first three months dropped to 100.7% from 101.1% last year.
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