NU Online News Service, Feb. 10, 2:55 p.m. EST

Privately held Jacksonville, Fla.-based insurer The Main Street America Group said full-year net income rose 83 percent, primarily based on improvements in its investment portfolio.

A spokesman said net income for 2009 rose $74.4 million to $89.5 million, which translated into an 18.2 percent return on equity.

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