NU Online News Service, July 27, 3:21 p.m. EDT
Montpelier Re reported 2010 second-quarter net income down 57 percent, resulting from a sharp drop in net unrealized investment gains compared to the 2009 second quarter, but the company's operating income grew compared to a year ago.
The Hamilton, Bermuda-based reinsurer said 2010 second-quarter net income was $69.9 million compared to $159 million in the 2009 second quarter.
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