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Liberty Mutual Group, more
commonly known by the name of its primary line of business Liberty Mutual, is a
diversified global insurer and the third largest property and casualty insurer
in the United States based on 2010 net written premium. It is the 82nd company
on the Fortune 500 list for 2011. Based in Boston, Massachusetts, it employs
over 45,000 people in more than 900 locations throughout the world. As of
December 31, 2010, Liberty Mutual Group had $112.35 billion in consolidated
assets, $95.4 billion in consolidated liabilities, $17.0 billion in
policyholders' equity, and $33.2 billion in annual consolidated revenue. The company, founded in 1912, offers a wide range of insurance products and
services, including personal automobile, homeowners, workers’ compensation,
commercial multiple peril, commercial automobile, general liability, global
specialty, group disability, fire and surety.
LMG owns, wholly or in part,
local insurance companies in Argentina, Brazil, Chile, China(including Hong
Kong), Colombia, India, Ireland, Poland, Portugal, Singapore, Spain, Thailand,
Turkey, Venezuela, and Vietnam.
The current CEO is David H.
Long, who succeeded his predecessor Edmund (Ted) F. Kelly on June 29,
2011. Ted Kelly was appointed CEO in 1998.
Liberty Mutual Group
Type Mutual
Industry Insurance
Founded Boston, Massachusetts,
United States (1912)
Key people David H. Long (CEO)
Services Property and Casualty Insurance
Revenue $33.2 billion
Employees Over 45,000 (2010)
Website libertymutualgroup.com
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