Liberty Mutual

Company Profile: Liberty Mutual® INSURANCE was founded in 1912 and is based in Boston, Massachusetts. The Massachusetts Employees’ Insurance Association (MEIA), the forerunner of today’s Liberty Mutual, began operations on July 1, 1912. As a mutual company, the MEIA was owned by its policyholders, not stockholders. Boston-based Liberty Mutual Holding Company, the parent corporation of the Liberty Mutual Insurance group of entities, is a diversified global insurer.

Liberty Mutual® INSURANCE has been committed to helping people preserve and protect what they earn, build, own and cherish over the past 100 years. They offer 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. They INSURANCE offers products in the U.S. through the Liberty Mutual and Safeco Insurance brands.

Liberty Mutual® INSURANCE currently conducts business through three strategic business units:
  • Global Consumer Markets: offers automobile, homeowners and other types of property and casualty insurance coverage to individuals in the United States and International Consumer Markets.
  • Commercial Insurance - offers property-casualty, group benefits, and life insurance coverages through independent agents, brokers, benefit consultants, captive agents, and bank partners in the United States. Serves small and middle market customers through regional operations that combine local underwriting, market knowledge and service with the advantages of a national company and commercial lines products and services, including third-party administration, benefits and workers’ compensation to large businesses
  • Global Specialty - offers products and services for specialty markets worldwide, inland marine and specialty commercial insurance worldwide and commercial surety bonds to businesses of all sizes.

milestones:
  • 1912 - Massachusetts Employees’ Insurance Association (MEIA), the forerunner of today’s Liberty Mutual, begins operations on July 1, 1912
  • 1917 - MEIA changes its name to the Liberty Mutual Insurance Company and begins writing public liability insurance.
  • 1937 - Completes expansion of its operations to all 48 states.
  • 1972 - Surpasses the $2 billion mark in written premiums.
  • 1997 - Acquires Golden Eagle Insurance of San Diego, California.
  • 1998 - Affiliates with Employers Insurance of Wausau.
  • 1999 – Acquires Colorado Casualty Insurance Company.
  • 2001- Acquires OneBeacon with operations in 42 states.
  • 2003 - Acquires Prudential Financials personal lines operations in 47 states.
  • 2007 - Acquires Ohio Casualty Corporation with operations in 48 states.
  • 2008 - Acquires Safeco Corporation with operations throughout the United States.
  • 2012 - Liberty Mutual celebrates 100 years in business.
  • 2016 – Acquires Ironhorse, Inc.
Financial Stability:
  • Liberty Mutual® INSURANCE is rated A (Excellent) by A.M. Best, A (Strong) by Standard & Poor’s and A2 (Good) by Moody’s.
  • As of December 31, 2015, Liberty Mutual Insurance had $121.7 billion in consolidated assets, $102.5 billion in consolidated liabilities, and $37.6 billion in annual consolidated revenue.
  • 2016 Direct Written Premium more than $31 billion.

Employee, Customer and Community Oriented:
  • Liberty Mutual® INSURANCE excels by offering agents and policyholders a local presence, unparalleled claims service, loss control consultation services, work-saving technology initiatives, and competitive products, rates and compensation.
  • Employs over 50,000 people in more than 900 locations throughout the world.
  • Supports the communities in which employees live and work. In partnership with their employees, the common purpose is: “To invest the expertise, leadership and the financial strength of Liberty Mutual Insurance and its employees to improve the lives of our most vulnerable neighbors.”
  • Give with Liberty campaign, 71 percent of employees pledged $12.4 million to 7,646 charities.
  • Serve with Liberty program, 28,238 employees from 21 countries served over 122,000 hours at 936 charities.

Company Highlights:
  • Liberty Mutual® INSURANCE has the financial strength to fulfill promises and be a consistent market for agents’ business, supporting stability and confidence.
  • Official sponsor of the U.S. Soccer Federation, the national governing body for the sport of soccer in the United States, through 2018.
  • U.S. Consumer Markets’ products are distributed through approximately 2,200 licensed employee sales representatives, approximately 600 licensed tele-sales counselors, 15,000 independent agencies, third-party producers and the Internet.
  • U.S. Consumer Markets has more than 22,000 sponsored affinity groups (including employers, professional and alumni associations, credit unions, and other partnerships) which are a significant source of new business.

Industry Rankings:
  • Liberty Mutual® INSURANCE is the 4th largest property and casualty insurer in the United States and ranks 73rd on the Fortune 100 list of largest corporations in the United States based on 2016 revenue.
  • 4th largest writer of Commercial Auto Insurance in the United States.
  • 5th largest writer of Workers’ Comprehensive coverage in the United States.
  • 3rd largest writer of Inland Marine coverage in the United States.
  • 2nd largest surety writer in the United Sates.
  • Liberty Mutual Insurance Invitational™, is the #1 Charity Event in Golf™.

www.libertymutual.com
(425) 681-0996
8195 166th Ave Ne, #201
Redmond, WA 98052
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