OneBeacon posts 4Q profit

PLYMOUTH, Minn. (AP) _ OneBeacon Insurance Group Ltd. (OB) on Tuesday reported fourth-quarter net income of $8.7 million.

The Plymouth, Minnesota-based company said it had profit of 9 cents per share. Earnings, adjusted for non-recurring costs, came to 22 cents per share.

The insurer posted revenue of $267.9 million in the period. Its adjusted revenue was $287 million.

For the year, the company reported profit of $108.4 million, or $1.13 per share. Revenue was reported as $1.16 billion.

OneBeacon shares have climbed roughly 1 percent since the beginning of the year. The stock has increased 24 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OB at https://www.zacks.com/ap/OB

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