The Liberty Mutual Group on Thursday reported net income of $323 million and $615 million for the three and six months ended June 30.
The figures represent a decrease of $177 million and $281 million from the same periods in 2005. The Boston-based workers' compensation insurer said the decrease primarily reflects lower realized capital gains and higher federal and foreign income taxes due to the reduction of the domestic deferred tax asset valuation allowance to zero in 2005.
"We are very pleased with our results," said Edmund Kelly, chairman, president and chief executive officer. "While m...
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