The net profit of Liberty Mutual Insurance in the third quarter of 2013 has reached to 1.25 bn dollars with an increase of 17 percent compared to the previous year at the same period. CEO of Liberty Mutual Insurance, David H. Long, stated that “The Q3 results are the reflection of our strategy of extending in the profitable scopes by focusing our technical performance. The progress in the banded rates arises from the progress of technical results.”
The leading sector of growth is the private operations
Liberty Mutual Insurance taking the 5th place in the non-life insurance industry among the very important insurance companies according to the statistics of 2012 has written policies valuing 26.8 bn dollars with an increase of 7 percent.
The USA operations of Liberty Mutual Insurance have increased 12 percent by the private auto and house insurances that are the core branches.
On the other hand, net premiums written from the operations of International Strategic Business Unit that contains South American countries, Asia and Turkey have reached to 4.3 bn dollars with an increase of 5 percent; abandoning the transaction exchange loss of the Latin countries, it is observed that the growth has occurred for about 19.6 percent compare to the previous year.
