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  • Previous Rank265
  • Revenues ($M)$42,687
  • Revenue Percent Change11.4%
  • Profits ($M)$17
  • Profits Percent Change-98.3%
  • Assets ($M)$142,502.00
  • Employees50,000

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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Company Information

CEO
David H. Long
Sector
Financials
Industry
Insurance: Property and Casualty (Stock)
HQ Location
Boston
Websitehttp://www.libertymutual.com
Years on Global 500 List24
Employees50,000
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 Rank History

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$42,68711.4%
Profits ($M)$17-98.3%
Assets ($M)$142,502.00-
Total Stockholder Equity ($M)$20,661.00-

Profit Ratios

Profit as % of Revenues-
Profits as % of Assets-
Profits as % of Stockholder Equity0.1%