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2013 Annual Review

Company Overview

Boston-based Liberty Mutual Insurance Group is a diversified global insurer, the third-largest property and casualty (P&C) insurer in the U.S. based on 2012 direct written premium and the fifth-largest P&C insurer in the world based on 2012 gross written premium.

Liberty Mutual Insurance Group offers a wide range of insurance products and services, including personal automobile, homeowners, workers compensation, global specialty, commercial multiple-peril, commercial automobile, general liability, group disability and life, individual life and health, surety and assumed reinsurance, through four strategic business units:

Liberty Mutual Insurance Group's pre-tax operating income for 2013 was $2.5 billion, an increase of $1.8 billion over 2012. Net investment income was $3.1 billion on cash flows from operations of $4.2 billion.

Net income increased to $1.7 billion, an increase of $914 million, or 110 percent, over 2012, and total equity increased by $487 million to $19.0 billion.

As of December 31, 2013, the Company had:


Pre-tax operating income


Net investment income


Net income


Total equity

Strategic Business Units

$35.2 billion in 2013 net written premium

Personal Insurance 44%
Commercial Insurance 25%
Liberty International 17%
Global Specialty 14%
Strategic Lines of Business

$35.2 billion in 2013 net written premium

Private Passenger Auto 36%
Homeowners 14%
Commercial Multi-Peril/Fire 7%
Workers Compensation - Voluntary 7%
LIU 6%
Commercial Auto 5%
Liberty Syndicate 4472 5%
General Liability 4%
Group Disability and Life 4%
Individual Life and Health 3%
Surety 2%
Other 7%

in billions

2013 Total Revenue $38.5
2012 Total Revenue $36.3
Pre-Tax Operating Income

in millions

2013 Pre-tax Operating Income $2,455
2012 Pre-tax Operating Income $681