Harleysville Posts 43% Increased Op Earnings

Harleysville Group Inc. (Nasdaq: HGIC) Friday reported diluted operating earnings of $0.50 per share, improved underwriting profitability and continued growth in its small commercial business. "Our outstanding operating results again this quarter clearly demonstrate our success at implementing our small commercial business strategy," commented Walter R. Bateman, Harleysville Group's chairman and chief executive officer. "In commercial lines, we have double-digit growth and a 100 percent combined ratio-splendid results that reflect our disciplined underwriting execution and a high-quality, cl...