September 25, 2016 10:28 AM ET

Insurance

Company Overview of Liberty Mutual Holding Company Inc.

Company Overview

Liberty Mutual Holding Company Inc., through its subsidiaries, provides various insurance products and services. The company’s Personal Insurance business unit sells automobile, homeowners, and other types of property and casualty insurance coverages to individuals in the United States. Its Commercial Insurance business unit offers a range of property-casualty, group benefits, and life insurance coverages and structured settlement annuities throughout the United States. This business unit provides commercial lines products and services, including third-party administration to large businesses; and short and long-term disability, accident, health, and group life insurance products to mid-size...

175 Berkeley Street

Boston, MA 02116

United States

Founded in 1912

Phone:

617-357-9500

Key Executives for Liberty Mutual Holding Company Inc.

Chairman, Chief Executive Officer, President, Member of Executive Committee, Member of Contributions Committee, Member of Investment Committee and Member of Risk Committee
Age: 55
Chief Financial Officer and Executive Vice President
Age: 57
Executive Vice President and President of Commercial Insurance
Age: 55
Executive Vice President and President of Global Consumer Markets
Age: 52
Executive Vice President and President of Liberty International
Compensation as of Fiscal Year 2016.

Liberty Mutual Holding Company Inc. Key Developments

Liberty Mutual Insurance Hires Brian Roth as Vice President, Partnership Development

Liberty Mutual Insurance has hired Brian Roth as vice president, Partnership Development. He will report to Timothy Kastrinelis, senior vice president, Distribution Partnerships. Roth is responsible for the strategic expansion of Liberty Mutual’s key broker and consultant relationships at the leadership level. His expertise with all size buyers, vast product and service knowledge, and national network of industry relationships make him a vital addition to the Liberty Mutual Benefits team. Prior to joining Liberty, Roth held a number of significant positions, including, most recently, serving as vice president, National Account Sales at Prudential, where he was responsible for new business development of life, disability and absence management products and services as well as voluntary benefits.

Liberty Mutual Insurance Co. Names Rebecca Schechter as Executive Vice President of Commercial Insurance and President of Liberty Mutual Benefits

Liberty Mutual Insurance Co. has named Rebecca Schechter executive vice president of commercial insurance and president of Liberty Mutual Benefits. Schechter will head Liberty Mutual Benefits, which offers employee benefits products and services, including disability, life, voluntary and absence management, as well as individual life and annuity products. Schechter joined Liberty Mutual Benefits in July 2015 as senior vice president and general manager of distribution.

Liberty Mutual Holding Company Inc. Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016; Reports Impairments for the Second Quarter of 2016

Liberty Mutual Holding Company Inc. announced consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported net income attributable to the company of $15 million decrease of $239 million from the same periods in 2015. Including $5 million of net loss and $5 million of net income attributable to non-controlling interest, net income was $10 million. Net operating income was $123 million, up 12% despite elevated catastrophe losses, combined ratio improved 1.2 points to 101.4%, and net written premium increased 1.2% after the impact of foreign exchange. Pre-tax operating income before partnerships, limited liability companies and other equity method income was $173 million, an increase of $24 million or 16.1% over the same period in 2015. Cash flow provided by operations was $346 million, a decrease of $295 million or 46.0% from the same period in 2015. For the six months, the company reported net income attributable to the company of $408 million decrease of $122 million from the same periods in 2015. Including $5 million of net loss and $5 million of net income attributable to non-controlling interest, net income was $413 million. Net written premium was $17.790 billion, an increase of $149 million or 0.8% over the same period in 2015. Pre-tax operating income before partnerships, LLC and other equity method loss was $787 million, an increase of $93 million or 13.4% over the same period in 2015. Net operating income before partnerships, LLC and other equity method loss for the six months ended June 30, 2016 was $528 million, an increase of $14 million or 2.7% over the same period in 2015. Net income from continuing operations was $413 million, a decrease of $273 million or 39.8% from the same period in 2015. Cash flow provided by operations was $645 million, a decrease of $489 million or 43.1% from the same period in 2015. For the quarter, the company reported $110 million in impairments.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 18, 2015
Liberty Ubezpieczenia
Merger/Acquisition
December 9, 2015
Liberty Mutual Holding Company Inc., Venezuelan Operations
 

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