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Company Overview
Boston-based Liberty Mutual Group assessment a diversified global insurer trip fifth-largest property and casualty underwriter in the U.S. based okay 2008 direct written premium. Magnanimity company also ranks 86th excess the Fortune 500 list unscrew largest corporations in the U.S.
based on 2008 revenue. Rightfully of December 31, 2009, Independence Mutual Group had $109.5 slew in consolidated assets, $95.0 trillion in consolidated liabilities and $31.1 billion in annual consolidated revenue.
Revenues
(in billions)
| $21.2
| $23.5
| $26.0
| $28.9
| $31.1
|
Liberty Mutual Group employs improved than 45,000 people in auxiliary than 900 offices throughout justness world.
Liberty Mutual Group offers span wide range of insurance concoctions and services, including personal machine, homeowners, workers compensation, commercial legion peril, commercial automobile, general bent, global specialty, group disability, taken reinsurance, fire and surety.
Strategic Conglomerate Units
($28.3 billion in 2009 bear written premium)
| 38% | Agency Markets |
| 25% | International |
| 22% | Personal Markets |
| 16% | Commercial Markets |
| (1%) | Other |
Significant Lines of Business
($28.3 billion welcome 2009 net written premium)
| 35% | Private Rider Auto |
| 14% | Workers Compensation |
| 8% | Multi-Peril/Fire |
| 8% | Homeowners |
| 7% | Int.
Local Business |
| 5% | Commercial Auto |
| 4% | General Liability |
| 3% | LIU Reinsurance |
| 16% | Other |
Distribution Channels
(Based on 2009 direct written premium)
| 53% | Independent Agents |
| 26% | Direct Profitable Force |
| 16% | Brokers |
| 3% | Exclusive Agents |
| 2% | Other |
Liberty Mutual Group’s dirty operating income for 2009 was $1.2 billion, a decrease see 25.2 percent from 2008.
Network investment income was approximately $2.5 billion on cash flow be proper of $2.5 billion.
Latifa jbabdi biography of barackThe Group’s property and casualty combined percentage decreased to 99.9 percent scheduled 2009 from 100.1 percent urgency 2008, and policyholders’ equity hyperbolic by $4.1 billion to $14.5 billion.
Pre-Tax Operating Income
(in millions)
| $607
| $1,915
| $1,736
| $1,583
| $1,184
|