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Global 500

Robert Benson

255

Liberty Mutual Insurance Group

U.S.

The 106-year-old Boston-based insurance company took a few hits in 2017, ultimately reporting a net income of $17 million for the 12-month period ending Dec. 31, 2017, $989 million less than in the same period the year before. The company blamed this partially on “record catastrophes”—its third quarter in particular was hit by the after tax impact of a devastating hurricane season. It also blamed “adverse development” on commercial automobiles and a charge affiliated with the change in U.S. tax law. The company is in the process of shaking things up, selling its life insurance arm to the Lincoln Financial Group in 2018.

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CEO

David H. Long

Sector

Financials

Industry

Insurance: Property and Casualty (Stock)

HQ Location

Boston

Years on Global 500 List

24

Employees

50,000

A mutual company, not a stock company. It is grouped with stock companies because it reports according to Generally Accepted Accounting Principles.Includes revenues from discontinued operations.
Key Financials (Last Fiscal Year)
($ Millions)% change
Revenues ($M)$42,68711.4%
Profits ($M)$17.0-98.3%
Assets ($M)$142,502
Total Stockholder Equity ($M)$20,661
Profit Ratios
Profit as % of Revenues-
Profits as % of Assets-
Profits as % of Stockholder Equity0.1%