Liberty Mutual Group has reported revenues of $8.06bn for the three months ended June 30, 2010, an increase of 3%, compared with $7.83bn over the same period in 2009.
The net income for the second quarter of 2010 was $220m, a decrease of 17.9%, compared to $268m of the same quarter of 2009.
The net written premium for the second quarter was $7.28bn, an increase of 5.5%, compared to $6.90bn corresponding period of the 2009.
Revenues for the first half of 2010 were $16.25b, an increase of $1.02bn or 6.7% over the same period in 2009.
The net written premium for the six months ended June 30, 2010 was $14.49bn, an increase of 4% over the same period in 2009.
Edmund Kelly, chairman and CEO of Liberty Mutual Group, said: “We turned in another quarter of solid earnings during a period of significant natural catastrophe activity. Our operating results reflect the benefits of our diversified and global operating model, and our commitment to disciplined underwriting and reserving in order to maintain balance sheet strength.”