Company Overview of Liberty Mutual Holding Company Inc.
Liberty Mutual Holding Company Inc., through its subsidiaries, provides various insurance products and services. The company’s Global Consumer Markets business unit sells automobile, homeowners, and other types of property and casualty insurance coverages to individuals in the United States; and property and casualty, health, and life insurance products and services to individuals and businesses in Brazil, Colombia, Chile, Ecuador, Spain, Portugal, Ireland, Thailand, Singapore, Hong Kong, Vietnam, Malaysia, India, China, Russia, and Turkey. Its Commercial Insurance business unit offers an array of property and casualty, group benefits, and life insurance coverages for the small and middle ma...
175 Berkeley Street
Boston, MA 02116
Founded in 1912
Key Executives for Liberty Mutual Holding Company Inc.
Chairman, Chief Executive Officer and President
Chief Financial Officer and Executive Vice President
Executive Vice President and President of Commercial Insurance
Executive Vice President and President of Global Consumer Markets
Executive Vice President and President of Liberty International
Compensation as of Fiscal Year 2016.
Liberty Mutual Holding Company Inc. Key Developments
Liberty Mutual Announces Laying Off Up to 360 Technology Workers
Mar 9 17
Liberty Mutual is laying off up to 360 technology workers, primarily in New Hampshire, as the insurance company aims to become faster at developing and introducing new products and services in a competitive market. The company told workers on about the reductions, nearly 190 of which will be in New Hampshire. About 20 people will lose their jobs in Boston and Weston and the remaining layoffs will be elsewhere in the country.
Liberty Mutual Holding Company Inc. Reports Consolidated Financial Results for the Fourth Quarter and Full Year Ended December 31, 2016
Mar 2 17
Liberty Mutual Holding Company Inc. reported consolidated financial results for the fourth quarter and full year ended December 31, 2016. The company reported net income attributable to LMHC of $143 million for the three months ended December 31, 2016, a decrease of $268 million versus the same period in 2015. Fourth quarter operating income was $359 million, down from $525 million in the prior year, primarily due to elevated loss trends within U.S. personal and commercial auto liability.
The company reported net income attributable to LMHC of $1.006 billion for the twelve months ended December 31, 2016, an increase of $492 million versus the same period in 2015. Including $63 million of net income attributable to non-controlling interest in both periods consolidated net income for the three and twelve months ended December 31, 2016 was $206 million and $1.069 billion, respectively. Full year net income nearly doubled to just over $1 billion despite higher catastrophe losses and the auto trends. Growth remained healthy, with net written premium up 6% in the quarter and 3.5% for the year.
Liberty Mutual Holding Company Inc. to Report Q4, 2016 Results on Mar 02, 2017
Feb 22 17
Liberty Mutual Holding Company Inc. announced that they will report Q4, 2016 results on Mar 02, 2017
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