Corporate History:
Liberty Mutual Ins. Group started in 1912 as the Massachusetts Employees’ Insurance Association (MEIA), the company has grown to become one of the largest property and casualty insurers in the U.S. The company currently operates through more than 900 offices worldwide. Liberty Mutual Ins. Group ranks 102nd on the Fortune 500 list of largest corporations in the U.S in 2005.Activities:
The business of the Liberty Mutual Group can be segmented in four different business sectors:Personal Market: Liberty Mutual covers private passenger automobiles, personal liability, houses and valuable possessions.
Commercial Market: The Company operates in the commercial market, specializing in risk transfer products and services. Important areas of business for the company here are property insurance programs, loss control and claims service, group life insurance, AD&D, FMLA administration, property and casualty reinsurance.
Agency Markets: Liberty Mutual Agency has a network of agents and brokers at its disposal. The services offered in this sector are mainly core property and casualty products, which also includes an extensive set of personal and commercial coverage.
The company also operates a global reinsurance business through Liberty International Underwriters.
Performance:
Liberty Mutual Group achieved sales worth $21,161.0 million in 2005. The company’s net income during the same fiscal year was $1,027.0 million. The company’s financial performance over the last fiscals:
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Contact Details:Corporate Address: 175 Berkeley St, Boston, MA 02116Telephone: 617-357-9500 Toll Free: 800-225-2390 Fax: 617-350-7648 Website: www.libertymutual.com |
Assets & Infrastructure:
Liberty Mutual Ins. Group is operational in 11 countries. The company had $85.5 billion in consolidated assets and $74.6 billion in consolidated liabilities as on December 31, 2006.Organization:
Liberty Mutual Ins. Group is headed by Mr. Edmund F. Kelly, who is the company Chairman, President, and CEO. The company had an employee count of 39,000 in 2005.| Limousine Company | LG | LM Ericsson | La Poste | Ladbrokes | Lafarge | Lehman Brothers Holdings | Lennar | Loews | L'Oréal | Lockheed Martin | Liberty Mutual Ins. Group | Lloyds TSB Group | Lagardère Groupe | Lowe's | Lufthansa Group | Lukoil | Lyondell Chemical | Lear | Legal & General | Landesbank Baden – Württemberg | | |||||||
