Liberty Mutual Holding Company Inc. · Boston, MA United States
Company Description
Phone: 617-357-9500
Fax: 617-350-7648
Toll Free: 800-837-5254
Rankings
- #86 in FORTUNE 500
View Liberty Mutual Holding Company Inc. Locations On A US Map
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This link will open in a new window Boston boasts of baked beans, the Red Sox , and the Liberty Mutual Group. Liberty Mutual Holding is the parent company for the Liberty Mutual Group and its operating subsidiaries. Liberty Mutual is one of the top property/casualty insurers in the US and among the top 10 providers of automobile insurance. The company also offers homeowners' insurance and commercial lines for small to large companies. Liberty Mutual Group operates through four business divisions: Personal Markets, Commercial Markets, Agency Markets, and Liberty International. It distributes its products through a diversified blend of independent and exclusive agents, brokers, and direct sales. To read the full description, subscribe now.
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Key Liberty Mutual Holding Company Inc. Financials
| Company Type | Private - Mutual Company Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $28,855.0 |
| 2008 Employees | 45,000 |
Liberty Mutual Holding Company Inc. Executives
89 executives listed for Liberty Mutual Holding Company Inc.'s Boston, MA location.
| Title | Name & Bio | Contact |
| Chairman, President, and CEO | Edmund Kelly | Network |
| SVP and CFO | Dennis Langwell | Network |
| SVP and CIO | James McGlennon | Network |
Competition
Competitive Landscape for Liberty Mutual Holding Company Inc.
Demand is driven by demographics and commercial transactions. Demand is also driven by legal or financial requirements. Consumers are usually required by states to buy auto insurance and by lenders to buy homeowners insurance, for example. The profitability of individual companies depends on effective marketing and on the ability to accurately estimate future payments. Large companies have big economies of scale in administration and in access to capital, as well as advertising and marketing. Small companies can compete successfully by specializing in particular products or industries. Average annual revenue per worker is around $400,000, so the industry is not labor-intensive. In the late 2000s recession, insurers saw revenues decline sharply when their investment portfolios lost value after the market fell. Insurance carriers rely heavily on their investment portfolios, which is where they invest premiums collected until they are needed to pay claims or benefits. In addition, deregulation of the insurance and financial services industries led to increased risk taking that hurt insurers' credit ratings. Insurance giant AIG was forced to accept $150 billion in government loans to stave off bankruptcy that was brought on by its overexposure to credit default swaps. Federal government bailouts have primarily targeted banks. Aside from AIG, insurance companies have not been as hard hit by the subprime mortgage meltdown. But some insurance companies are seeking relief from state regulators to allow them to operate with less capital. Other insurance companies are buying financial institutions to qualify for federal aid. To read the full description, subscribe now.Top Liberty Mutual Holding Company Inc. Competitors
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