BOSTON--(BUSINESS WIRE)-- <\/p>\n
Liberty Mutual Holding Company Inc. and its subsidiaries (collectively LMHC or the Company) today reported net income of $465 million and $1.1 billion for the three and nine months ended September 30, 2012, increases of $577 million and $990 million over the same periods in 2011. <\/p>\n
Improved core operating results along with modest catastrophe losses led to much improved net income of $465 million in the quarter, said David H. Long, President and CEO of Liberty Mutual Insurance. Growth remained robust at 6%, with positive real growth where we targeted personal lines and international and contraction in underpriced commercial business. Positive price momentum exists across most lines with the magnitude of increases targeted to where it is needed most, workers compensation and property. This pricing trend will continue given the persistent low yield environment. <\/p>\n
Third Quarter Highlights <\/p>\n
Year-to-Date Highlights <\/p>\n
Financial Condition as of September 30, 2012 <\/p>\n
Consolidated Results of Operations for the Three and Nine Months Ended September 30, 2012 and 2011: <\/p>\n
Three Months Ended September 30, <\/p>\n
Nine Months Ended September 30, <\/p>\n
Net incurred losses attributable to prior years: <\/p>\n<\/p>\n
Read the original:<\/p>\n
Liberty Mutual Insurance Reports Third Quarter 2012 Results<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" BOSTON--(BUSINESS WIRE)-- Liberty Mutual Holding Company Inc. and its subsidiaries (collectively LMHC or the Company) today reported net income of $465 million and $1.1 billion for the three and nine months ended September 30, 2012, increases of $577 million and $990 million over the same periods in 2011. Improved core operating results along with modest catastrophe losses led to much improved net income of $465 million in the quarter, said David H Continue reading