With property-liability subsidiaries reporting continuing growth in...

With property-liability subsidiaries reporting continuing growth in premiums and improvement in the underwriting ratio compared to the like quarter last year, Navoto, Calif.-based Fireman’s Fund Corp. reported preliminary consolidated profit took a big jump in the first quarter. Also, revenue for the quarter, compared to 1986, was up 19%. Net income included $81 million from realized capital gains and $61 million as a result of implementing new pension accounting standards applicable to discontinued pension plans.