San Francisco-based Transamerica Corp. reported that first-quarter...

San Francisco-based Transamerica Corp. reported that first-quarter 1987 consolidated net income, which included gains on investment transactions and results from discontinued operations, was a record $108.18 million, up 152% from the $42.9 million posted for the same quarter of 1986. Record first-quarter earnings reflected excellent performances in property and casualty insurance, consumer lending, insurance brokerage and title insurance and tax service, plus significant improvement in earnings from equipment-leasing operation, a spokesman said.