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Global 500

Robert Benson

249

Liberty Mutual Insurance Group

U.S.

The 8.3 magnitude earthquake in Chile and resulting floods hit Liberty Mutual hard in 2015. Profits at the property and casual insurance company sunk 72% due in part to higher losses from catastrophe claims, both in Chile as well as other parts of the world. The Boston-based insurer also invests in energy projects including oil and gas wells, but those investments have fared poorly as energy prices have fallen, contributing to Liberty Mutual’s earnings declines. The 104-year-old company’s revenues also fell nearly 1% in 2015, though it still managed to climb five spots on the Fortune 500, to No. 73.

CEO

David H. Long

Sector

Financials

Industry

Insurance: Property and Casualty (Stock)

HQ Location

Boston, MA

Employees

50,000

Years on Global 500 List

22

Includes revenues from discontinued operations.A mutual company, not a stock company. It is grouped with stock companies because it reports according to Generally Accepted Accounting Principles.
Key Financials (last fiscal year)
($ Millions)% change
Revenues ($M)$39,450-0.9%
Profits ($M)$514-72.0%
Assets ($M)$121,707
Total Stockholder Equity ($M)$19,143
Profit Ratios
Profit as % of Revenues1.3%
Profits as % of Assets0.4%
Profits as % of Stockholder Equity2.7%