B
LIBERTY MUTUAL INS CO
Boston, MA
Data as of
September 30, 2020
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
1.05
Risk Adjusted
Capital Ratio #2
0.96
Loss
Ratio
75.10%
Total
Assets
55.41B
Capital
16.97B
Net
Premiums
11.83B
Net
Income
158.97M
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Major Rating Factors: Fair overall results on stability tests (4.0 on a scale of 0 to 10) including potential drain of affiliation with Liberty Mutual Group. Good long-term capitalization index (6.7) based on good current risk adjusted capital (moderate loss scenario). Over the last several years, capital levels have remained relatively consistent.
Other Rating Factors: History of adequate reserve strength (5.9) as reserves have been consistently at an acceptable level. Good overall profitability index (5.6) despite operating losses during 2017. Return on equity has been low, averaging 4.3% over the past five years. Good liquidity (6.2) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors: A - Financial problems or weaknesses of a parent or affiliate company. R - Concerns about the financial strength of its reinsurers. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Fin guar/surety (31.2%), personal/comm auto (15.2%), homeowners (3.7%), fire (2.0%), comm multi (1.2%), product liab. (1.0%), acc & health (0.6%), other (45.1%)
Licensed in: All states, the District of Columbia and Puerto Rico
Principal Investments: Common stock (39.5%), investment grade bonds (34.5%), non investment grade bonds (2.8%), real estate (0.6%), other (22.6%)
Ratios
Premium to Surplus
96.0%
Reserve to Surplus
128.1%
1-Year Reserve Development
2.6%
2-Year Reserve Development
0.2%
Expense Ratio
28.7%
Combined Ratio
103.8%
Cash From Underwriting
105.2%
Net Premium Growth
1.4%
Investments in Affiliates
38.6%
Corporate Info
Group Affiliation
Liberty Mutual Group
Investment Rating
--
Company Address
175 Berkeley Street
Boston, MA 2116
Phone Number
(617) 357-9500
NAIC Number
23043
Largest Affiliates
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Wausau, WI - P&C
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Weiss Ratings