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Liberty Mutual Announces Fourth Quarter and 2021 Full Year Results

Not surprisingly, LMHC revenues increased in both periods, with fourth-quarter revenues totaling US $ 12,221 million (up 3.6% from US $ 11,796 million in the same period in 2020) and total revenues for FY2009. It was US $ 48,200 million (up 10.1% from US $ 43,796 million in 2020). ..

David H, Chairman and CEO of Liberty Mutual. Long said insurers’ excellent financial performance in the previous quarter and overall 2021 was driven by exceptional earnings over the past year in partnerships, LLCs, and other equity-method investment portfolios. Profit before tax for the quarter was $ 916 million.

“We also continued to make progress in the quarter with our goals of profitable growth in the global retail market, improved profits in global risk solutions and expense management. GRM’s net premium income is 8.5. GRS’s core combined ratio was 2.6 points, up 91.3%, and the group’s expense ratio fell 0.6 points to 29.6%, ”continued Mr. Long.

Looking ahead to 2022 and beyond, Mr. Long said Liberty Mutual will continue to focus on the goal of profitable growth and build on its progress.

As part of this year’s plan, Liberty Global Transaction Solutions (GTS), part of Liberty Mutual Insurance, underwrites US $ 200 million per risk to protect transaction risk for all product lines (warranty and compensation / representation and warranty). Maintain your ability. Tax obligations, and accidental legal risks.

“Our desire for this risk class remains strong in 2022,” said Rowan Bamford, President of Liberty GTS, in a recent statement. “Our consistent capabilities enable us to support clients who are likely to be a bumper year for the M & A market, following the surge in demand for M & A insurance seen in 2021.”

Liberty Mutual Announces Fourth Quarter and 2021 Full Year Results

Source link Liberty Mutual Announces Fourth Quarter and 2021 Full Year Results

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