Liberty Mutual Holding Company Inc - Company Profile
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Liberty Mutual Holding Company Inc (Liberty Mutual) is a property and casualty insurance company. The company, through its subsidiaries and affiliated companies, offers a range of personal insurance and business insurance solutions to individuals, families, and businesses. Its offers insurance products for homeowners, commercial multi-peril, property, general liability, commercial automobile, surety, workers compensation, and specialty lines. It also offers employee benefits insurance, health insurance, marine insurance, construction insurance, energy insurance, trade credit insurance, aviation insurance, and crisis management insurance. It markets and distributes products through licensed employee sales representatives, captive agents, brokers, independent agents, licensed tele sales counselors, third-party producers, and the Internet. The company operates in the Americas, Asia Pacific and Europe. Liberty Mutual is headquartered in Boston, Massachusetts, the US.
Headquarters
United States of America
Address
175 Berkeley Street, Boston, Massachusetts, 02116
Website
www.libertymutual.com
Telephone
1 617 3579500
No of Employees
50,000
Industry
Financial Services
Revenue (2022)
$50.0B
Liberty Mutual Holding Company Inc premium industry data and analytics
Products and Services
| Products |
|---|
| Private Passenger Automobile Insurance |
| Homeowners Insurance |
| Property Insurance |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In September, the company signed an agreement to acquire the House of Guarantees. |
| 2023 | Contracts/Agreements | The company and Generali Group signed an agreement for Generali to acquire Liberty Seguros, S.A, personal lines and small commercial insurance business in Madrid. |
| 2023 | Contracts/Agreements | The company's Liberty Seguros entered into agreement with Talanx Group to sell its personal and small business insurance operations in Brazil, Chile, Colombia, and Ecuador. |
Competitor Comparison
| Key Parameters | Liberty Mutual Holding Company Inc | Berkshire Hathaway Inc | The Allstate Corp | Nationwide Mutual Insurance Co | State Farm Mutual Automobile Insurance Co |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Boston | Omaha | Northbrook | Columbus | Bloomington |
| State/Province | Massachusetts | Nebraska | Illinois | Ohio | Illinois |
| No. of Employees | 50,000 | 396,500 | 53,000 | - | 53,000 |
| Entity Type | Private | Public | Public | Private | Private |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| David H. Long | Chairman | Executive Board | 2022 | - |
| Timothy M. Sweeney | Chief Executive Officer; Director; President | Executive Board | 2023 | - |
| Christopher L. Peirce | Chief Financial Officer; Executive Vice President | Senior Management | 2018 | - |
| Damon Hart | Executive Vice President; Chief Legal Officer; Secretary | Senior Management | 2022 | - |
| Melanie M. Foley | Executive Vice President; Chief Administrative Officer | Senior Management | 2022 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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