Los Angeles-based Farmers Group’s posted a 19.7%...

Los Angeles-based Farmers Group’s posted a 19.7% rise in third-quarter earnings, which itattributed to revenue growth generated by higher average premium-rate levels and more policies in force. The benefit, however, was offset in part by agents’ new business commissions and increased operating expenses, the company said. Over nine months, the company’s net fell from $135.9 million to $15.9 million. The firm added that earnings for both the quarter and nine months were restated to reflect a 100% common stock dividend paid during the second quarter of 1986.