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Global 500

Robert Benson

265

Liberty Mutual Insurance Group

U.S.

As with its peers, business at the Boston-based property and casualty insurance company sunk considerably in the wake of severe weather and auto collisions and resulting catastrophe claims. The company ended 2016 with revenues of $38.3 billion and profits of $1 billion, a 96% increase over 2015. But its final three months of the year were the opposite, with profits down 65% to $143 million from the same quarter the year before. 2017 hasn’t been much better: Liberty Mutual recorded profits of $351 million in the first quarter, a 13% decrease from the same period in 2016. In May the 104-year-old insurer acquired specialty lines company Ironshore from Fosun International; earlier in the year it acquired Penta Security in Chile, helping it become the largest provider of property and casualty insurance in the country.

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CEO

David H. Long

Sector

Financials

Industry

Insurance: Property and Casualty (Stock)

HQ Location

Boston, MA

Years on Global 500 List

23

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.
Liberty Mutual Insurance Group is also featured in these fortune lists
Key Financials (Last Fiscal Year)
($ Millions)% change
Revenues ($M)$38,308-2.9%
Profits ($M)$1,006.095.7%
Assets ($M)$125,592
Total Stockholder Equity ($M)$20,366
Profit Ratios
Profit as % of Revenues2.6%
Profits as % of Assets0.8%
Profits as % of Stockholder Equity4.9%