B
LIBERTY MUTUAL FIRE 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: Fair reserve development (4.8 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (3.4) with operating losses during 2022. Return on equity has been fair, averaging 7.6% over the past five years.
Other Rating Factors: Fair overall results on stability tests (3.5) including weak results on operational trends. The largest net exposure for one risk is high at 3.7% of capital. Good liquidity (5.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.4) 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. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Personal/comm auto (39.4%), homeowners (18.3%), work comp (8.6%), fire (7.3%), product liab. (2.4%), comm multi (1.2%), fin guar/surety (0.2%), other (22.6%)
Licensed in: All states, the District of Columbia and Puerto Rico
Principal Investments: Investment grade bonds (68.2%), non investment grade bonds (5.9%), common stock (2.3%), other (23.5%)
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
2000 Westwood Drive
Wausau, WI 54401
Phone Number
(414) 369-5033
NAIC Number
23035
Largest Affiliates
B
Boston, MA - P&C
B
Dover, NH - P&C
C
Dover, NH - P&C
B
Wausau, WI - P&C
B
Weiss Ratings