B
LIBERTY MUTUAL INS CO
BostonIL
Rating Date
December 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: History of adequate reserve strength (5.7 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall profitability index (6.5). Fair expense controls. Return on equity has been fair, averaging 5.1% over the past five years.
Other Rating Factors: Good liquidity (6.2) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair overall results on stability tests (4.1) including potential drain of affiliation with Liberty Mutual Group and weak results on operational trends. The largest net exposure for one risk is conservative at 1.8% of capital. Strong long-term capitalization index (7.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
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 (28.2%), personal/comm auto (10.3%), homeowners (4.8%), fire (2.5%), product liab. (1.8%), comm multi (1.5%), other (51.0%)
Licensed in: All states, the District of Columbia and Puerto Rico
Principal Investments: Investment grade bonds (36.3%), common stock (34.5%), non investment grade bonds (3.5%), real estate (0.3%), other (25.4%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
Corporate Info
Group Affiliation
Liberty Mutual Group
Investment Rating
--
Company Address
175 Berkeley Street
Boston, MA 2116
Phone Number
(414) 369-5033
NAIC Number
23043
Largest Affiliates
B
Dover, NH - P&C
C
Dover, NH - P&C
B
Wausau, WI - P&C
B
B
Weiss Ratings