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Liberty Mutual Insurance Review

Liberty Mutual Insurance Ratings and Company Information

Company Rating:
Best Insurance Reports: A
Url of page where rating was collected:
http://www3.ambest.com/

Best Rating: Liberty Mutual Group receives among the best rating from Best's Insurance Reports and other financial analysts that follow and rate insurance companies.

Type of Insurance Company: Mutual

Name of Parent Company:
Liberty Mutual Holding COmpany

Insurance subsidiaries:
Helmsman Management Services
Liberty International Underwriters
Liberty Mutual Surety
Liberty Mutual Reinsurance
Liberty Mutual Agency Corporation
Liberty Life

Company Overview:
Company History: Liberty Mutual Group (LMG) is a global insurance company specializing in consumer and business insurance lines, namely private and commercial auto insurance, homeowners, workers compensation, commercial multiple peril (such as fire & theft), general liability, global specialty products, group disability and surety. Its forerunner, the Massachusetts Employees' Insurance Association (MEIA), was founded in 1912. MEIA officially changed its name to the Liberty Mutual Insurance Company in 1917. LMG is among the top ten writers of "commercial lines" and "personal lines" insurance. LMG sells in every state of the union although not all of its lines may be available in each state. The company began almost a hundred years ago as a workers compensation company and has grown internally and by acquisition. In 2013, the company became the fifth largest P&C company world-wide and the third largest in the US. It has over 50,000 employees.

Principle Sales Methods: Independent and career agents, and independent brokers.

Life Annuity Business: Liberty Mutual through Liberty Life offers term and permanent life insurance as well as annuities. They also have a useful Life/Annuity Insurance Product Comparison on their website.

Auto Business: Liberty Mutual offers private and commercial car insurance. The net written premiums LMG wrote in 2013 was 36% of its entire business lines of insurance.

Homeowners Business: Liberty Mutual offers a wide range of products, including homeowners, renters, condominium, landlord and flood policies.

Special Business: The company also sells watercraft, motorcycle, recreational vehicle
and umbrella policies.

Company Financial Status:
Ticker Symbol: LMAC
Assets & Premiums: $38.5 billion in revenues and $121.2 billion in assets. Based on its 2013 revenue, it is 76th on the Fortune 500 list.

Lines of Insurance:
Auto, Life, Homeowners

States licensed to sell insurance in:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY

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