AmFam reports 5.1% increase in net income

American Family Insurance reported a 5.1% increase in net income for 2013. It also added over $444 million to its policyholder equity. Net income was $378.8 million compared to $360.5 million in 2012. Catastrophe losses came in at $804.8 million, a decrease from 2012 when losses totaled $840.6 million. Assets increased from $17.9 billion in 2012 to $19.5 billion in 2013.