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August 31, 2015 3:15 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

Liberty Mutual Reportedly Mulls Sale Of Insurance Business In Poland

Liberty Mutual Holding Company Inc. reportedly seeks to sell insurance business in Poland and has put Liberty Ubezpieczenia for sale. Liberty Mutual insurance company decided to give up the insurance business in Poland, and put Liberty Ubezpieczenia subsidiary for sale. An anonymous source cited by Puls Biznesu daily reports that in September or October insurance companies from the US and Europe are going to be invited to buy the assets in Poland, and the new owner is to be announced before the end of the year. PZU, VIG, Generali and AXA are being mentioned as prospective purchasers of the assets. Unofficially the firms declare interest in taking over Liberty's clients portfolio. Both Liberty Mutual and Liberty Ubezpieczenia refuse to comment officially on the rumours.

Liberty Mutual Holding Seeks Acquisitions

Liberty Mutual Holding Company Inc. is looking for acquisitions. David Long, Liberty Mutual's Chairman, President & Chief Executive Officer said "We're continuing looking at opportunities, and so we view ourselves as an acquirer rather than being passive on the M&A front."

Liberty Mutual Holding Company Inc. Announces Consolidated Earnings Results for the Second Quarter and Six Months June 30, 2015

Liberty Mutual Holding Company Inc. announced consolidated earnings results for the second quarter and six months June 30, 2015. For the quarter, the company reported net income attributable to company of $254 million, decreases of $137 million for the same period in 2014. Revenues were $10.380 billion, an increase of $432 million or 4.3% over the same period in 2014. Net written premium was $9.727 billion, an increase of $545 million or 5.9% over the same period in 2014. Net investment income was $726 million, a decrease of $79 million or 9.8% from the same period in 2014. Pre-tax operating income was $171 million, a decrease of $382 million or 69.1% from the same period in 2014. Net operating income was $115 million, a decrease of $263 million or 69.6% from the same period in 2014. Cash flow provided by operations was $855 million compared to $1,178 million a year ago. The company reported net income attributable to the company was $530 million, decrease of $126 million from the same periods in 2014. Revenues were $20.060 billion, an increase of $450 million or 2.3% over the same period in 2014. Net written premium was $19.126 billion, an increase of $1.158 billion or 6.4% over the same period in 2014. Net investment income was $1.363 billion, a decrease of $336 million or 19.8% from the same period in 2014. Pre-tax operating income was $724 million, a decrease of $501 million or 40.9% from the same period in 2014. Net operating income was $541 million, a decrease of $389 million or 41.8% from the same period in 2014. Cash flow from operations was $1.583 billion, an increase of $87 million or 5.8% over the same period in 2014.

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