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LNI reports net loss for quarter; contingency reserve rises on investment gains
Summary
Kim Hurley reported a net loss of $196 million for the quarter (July–Sept 2025), insurance operations loss of $480 million, premiums earned ~$612 million and benefits incurred ~$991 million; investment gains increased the contingency reserve to about $4.989 billion (26% of liabilities).
Kim Hurley presented the industrial insurance state fund financial overview for the quarter ending Sept. 30, 2025. She said insurance operations produced a $480 million loss: premiums earned were approximately $612 million and benefits incurred were about $991 million. Offsetting investment results produced $184 million in investment income, which partially offset the operating loss and left a net loss for the…
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