In corporate news:

Liberty Mutual announced its fourth quarter 2014 results. The company stated in a press release yesterday that net income attributable to Liberty Mutual and its subsidiaries was equal to $559 million and $1.833 billion for the three and twelve months ended December 31, 2014, increases of $63 million and $90 million over the same periods in 2013. Chairman and CEO David H. Long cites “deliberate underwriting actions and solid investment results” which led to net operating income of $2.2 billion for the year. According to the company, this is “an increase of 16 percent despite higher catastrophe losses and continued low interest rates.” Net written premiums are up 3.3 percent in this report and the combined ratio is down to 97.5 percent.

Access the release via Liberty Mutual here. Read additional coverage from Business Insurance here.

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