Liberty Mutual Holding defends our freedom to buy car insurance. As the parent company of Liberty Mutual Group and its operating subsidiaries, Liberty Mutual is one of the top property/casualty insurers in the US and among the top 10 providers of automobile insurance. The company also offers homeowners' insurance, workers compensation, general liability, group disability, fire and surety, and commercial lines for small to large companies. Liberty Mutual operates through four business divisions: Personal Insurance, Commercial Insurance, Liberty International, and Global Specialty. It distributes its products through a diversified blend of independent and exclusive agents, brokers, and direct sales.

Geographic Reach

The company has four operating regions: Latin America (Venezuela, Brazil, Colombia, Argentina, Chile and Ecuador); Europe, (Spain, Portugal, Turkey, Poland, Ireland and Russia); Asia (Thailand, Singapore, China, Hong Kong, India, and Vietnam).


Liberty Mutual's four business divisions are Personal Insurance, Commercial Insurance, Liberty International, and Global Specialty.

True to its name, the company's Personal Insurance division offers coverage lines for private automobile, homeowners, valuable possessions, and personal liability through its own sales force, two direct response centers, appointed Prudential agents, and online. Traditional and variable life insurance and annuity products are offered through subsidiary Liberty Life Assurance Company of Boston. Personal Markets' largest source of new business comes through its relationships with affinity groups, including credit unions, employers, and professional and alumni associations.

The Commercial Insurance provides a wide range of property and casualty and group benefits products and services for businesses through independent agents, brokers, and benefit consultants across the US.

Liberty International's operations consist of local insurance companies selling property, casualty, health and life insurance products to individuals and businesses in 18 countries and key markets.

The Global Specialty segment includes Liberty International Underwriters (LIU), Liberty Mutual Surety (LMS), and Liberty Mutual Reinsurance  (LMR).

Private passenger automobile insurance is the company's single largest line of business (35% of the total net written premium in 2012).

Financial Performance

The company’s revenues grew by 7% in 2012 thanks to higher premiums earned, and an increase in fee and other revenues and net realized gains. The growth was due to higher personal insurance voulme; underwriting and pricing improvements across Commercial Insurance; strong specialty lines growth (US/Europe; acquisitions in Russia and Ecuador; regulatory approval for its business in India; and, the approval to set up a a branch in Shandong Province (its fifth branch in China).

Despite the $576 million impact of Superstorm Sandy, net income grew by $471 million in 2012 (compared to more than $829 million), due to higher revenues across all its business lines and an income tax benefit (partially offset by higher total claims, benefits, and costs).


As part of an overall realignment of the company businesses, and to strengthen its agent and broker partnerships, in 2012 Liberty Mutual Insurance combined its US commercial lines businesses into a single strategic business unit, Commercial Insurance.

The company's LIU business offers specialty commercial insurance and reinsurance and operates from about 50 offices worldwide. LIU writes a variety of products in such areas as aviation, cyber liability, construction, energy, marine, and crisis management, among others. Its Lloyd's Syndicate 4472 also provides multi-line insurance and reinsurance worldwide. Liberty Mutual's International division has grown in importance as part of a planned long-term expansion outside of the US. This division operates in about 15 countries and provides personal and commercial insurance to local markets ranging from Argentina to Vietnam. It uses various means to branch out into emerging markets like Russia, China, and India.

The company increases its geographic foothold by opening new branches organically, establishing joint ventures, and acquiring local complementary businesses. For instance, it grew its presence in India in 2012 by launching Mumbai–based Liberty Videocon General Insurance.

Mergers and Acquisitions

In 2012 Liberty Mutual also expanded geographically with the acquisitions of Seguros Cervantes and Seguros Panamericana, both based in Ecuador, offers (auto insurance, other property and casualty products as well as group life and health insurance) and Russia-based KIT Finance Insurance, (now Liberty Insurance).

In 2011 the company acquired Quinn Insurance Limited's Republic of Ireland business. 

▲ Show Less▼ Show Full Description

Safeco Corporation

1001 4th Ave
Seattle, WA 98185-9083
Phone: 1 (206) 545-5000


  • Employer Type: Public
  • Chmn: J P Condrin
  • Pres: Michael Hughes
  • V Pres-cio: Chuck Stone

Major Office Locations

  • Seattle, WA

Career Update Newsletter

Tips and tools to help you manage your ideal career.