|Liberty Mutual Insurance Group||2013||2012|
|(Dollars in millions) December 31|
|Liberty Mutual Insurance Group1|
|Pre-tax operating income||2,455||681|
|Cash flows from operations||4,157||2,829|
|Pre-tax operating income||1,416||1,010|
|Cash flows from operations||2,452||1,606|
|Pre-tax operating income||676||245|
|Cash flows from operations||348||697|
|Pre-tax operating income||391||259|
|Cash flows from operations||852||505|
|Pre-tax operating income||501||377|
|Cash flows from operations||1,107||1,013|
|Pre-tax operating income||(529)||(1,210)|
|Cash flows from operations||(602)||(992)|
Liberty Mutual Insurance Group results include all significant business units of the Company. Each business unit is reported in accordance with U.S. Generally Accepted Accounting Principles.
1On January 9, 2014, the Company announced the sale of Summit to American Financial Group. The results of Summit are no longer included in revenues, pre-tax operating income and the combined ratio. The transaction is subject to regulatory approval, which is expected by April 1, 2014.
2Net income represents net income attributable to Liberty Mutual Holding Company Inc.
32013 combined ratio has been adjusted to exclude the impact of the Venezuela devaluation for comparative purposes.
4Other includes discontinued operations (including asbestos and environmental), interest expense, internal reinsurance programs, net investment income after allocations to business units, certain expenses not allocated to the business units, income related to limited partnership and limited liability company investments, other revenues from corporate subsidiaries, and federal and foreign tax payments.