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February 13, 2016 11:43 PM 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 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-sized and large businesses, as well as l...

175 Berkeley Street

Boston, MA 02116

United States

Founded in 1912

50,000 Employees

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: 54
Chief Financial Officer and Executive Vice President
Age: 56
Executive Vice President and President of Commercial Insurance
Age: 54
Executive Vice President and President of Personal Insurance
Age: 51
Executive Vice President and President of Liberty International
Compensation as of Fiscal Year 2015.

Liberty Mutual Holding Company Inc. Key Developments

Banco BTG Pactual Reportedly in Advanced Talks For Stake Sale In PAN Seguros

Banco BTG Pactual S.A. is in advanced talks regarding divesting 51% stake in PAN Seguros S.A. with AXA Group (ENXTPA:CS) and MetLife, Inc. (NYSE:MET), among firms bidding, three sources familiar with the matter said. Other firms in race are Zurich Insurance Group AG (SWX:ZURN), Assicurazioni Generali S.p.A. (BIT:G), Liberty Mutual Holding Company Inc., CNP Assurances Société anonyme (ENXTPA:CNP) and some major Japanese insurers, said the sources. "Bidders are queuing up because of the lack of available targets in Latin America," one of the sources said. BTG Pactual aims to finalize a deal by the end of the first quarter and has asked bidders to submit binding offers in February 2016, the sources said. First round bids in December valued the business at between BRL 1 billion and BRL 1.3 billion. AXA and MetLife submitted the highest offers in the initial bidding round, one of the sources said.

Liberty Mutual Insurance Appoints Susan L. Kostro as Chief Underwriting Officer Public Entity

Liberty Mutual Insurance has created a practice dedicated to these markets, and has appointed Susan L. Kostro, chief underwriting officer, Public Entity. Kostro will be responsible for profitably growing Liberty Mutual's book of education and government risks by blending a broad set of products with dedicated underwriting, risk engineering and claims resources and services. In this role, she will pull from Liberty Mutual's considerable experience with education and government risks, and her own experience and knowledge, having led practices dedicated to specific vertical markets at several large insurers.

Liberty Mutual Holding Company Inc. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

Liberty Mutual Holding Company Inc. reported consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported net loss attributable to company of $427 million against net income of $605 million for the same period in 2014. Revenues were $9.312 billion, a decrease of $237 million or 2.5% over the same period in 2014. Net written premium was $8.776 billion, a decrease of $179 million or 2.0% over the same period in 2014. Net investment income was $759 million, a decrease of $45 million or 5.6% from the same period in 2014. Pre-tax operating income was $723 million, a decrease of $65 million or 8.2% from the same period in 2014. Net operating income was $485 million, a decrease of $100 million or 17.1% from the same period in 2014. Cash flow provided by operations was $1.519 billion compared to $1.587 billion from the same period in 2014. For the nine months, net income attributable to the company was $103 million against $1,261 million from the same period in 2014. Revenues were $28.282 billion, a decrease of $38 million or 0.1% over the same period in 2014. Net written premium was $26.417 billion, an increase of $316 million or 1.2% over the same period in 2014. Net investment income was $2.067 billion, a decrease of $391 million or 15.9% from the same period in 2014. Pre-tax operating income was $1.415 billion, a decrease of $468 million or 24.9% from the same period in 2014. Net operating income was $997 million, a decrease of $391 million or 28.2% from the same period in 2014. Cash flow from operations was $2.653 billion against $379 million from the same period in 2014.

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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
Bankruptcy
June 19, 2015
Hendrickson Trucking, Inc.
 

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