Liberty Mutual booked second quarter net profits of $139mn as lower catastrophe losses helped it reverse the $179mn deficit booked in the prior-year period.
The US insurance giant also reported 8.2 percent growth in the top line in Q2 as net written premium increased by $633mn to $8.34bn.
The Boston-headquartered mutual said growth was driven by continued momentum in US personal lines, rate increases in US commercial lines, and "robust" international results despite the significantly strengthened dollar.
But despite the...
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