Harleysville Group Inc. Reports Third Quarter of $.76

Harleysville Group Inc. HGIC today reported diluted operating income of $0.76 per share for the third quarter of 2010, compared to $0.83 per share in the third quarter of 2009. Catastrophe losses incurred during the third quarter of 2010 reduced operating income by $0.09 per share after taxes, compared to catastrophe losses of $0.02 per share in the third quarter of 2009. For the nine-month periods, the company reported diluted operating income of $1.64 per share in 2010 and $2.17 per share in 2009. Catastrophe losses incurred during the first nine months of 2010 reduced operating income by $0.76 per share after taxes, compared to catastrophe losses of $0.14 per share in the first nine months of 2009. The company reported diluted net income of $0.76 per share in the third quarter of 2010, compared to $0.88 per share in the third quarter of 2009. There were no realized investment gains after tax in the third quarter of 2010, compared to after-tax investment gains of $0.05 per share in 2009. For the nine-month periods, diluted net income was $1.65 per share in 2010 and $2.20 per share in 2009. For the nine months, the company reported after-tax investment gains of $0.01 per share in 2010, compared to after-tax investment gains of $0.03 per share in 2009.