Liberty Mutual reports strong Q1 financial results

Insurance Business America | May 09, 2019

Liberty Mutual is the latest insurer on the block to announce its first quarter (Q1) 2019 results - and its smiles all-round for the Boston-based firm. The Liberty Mutual Holding Company Inc. (LMHC) and its subsidiaries reported net income of $671 million for Q1, an increase of $22 million or 3.4% over the same period in 2018. Net written premium for the three months also enjoyed a $265 million or 2.8% jump, reaching a total of $9.699 billion. LMHC’s consolidated net income for January to March 2019 was $671 million, an increase of $22 million or 3.4% over the same period in 2018. The group also reported a total Q1 combined ratio of 96.3% (including the impact of catastrophes and net incurred losses from prior years), which was a decrease of 2.7% from the same period in 2018. “Consolidated net income from continuing operations was $721 million, up 22% over the prior year,” said David H. Long, Liberty Mutual chairman and chief executive officer.

Spotlight

This Visualizing Health Policy infographic spotlights public opinion on health reform in the United States as of 2017. The largest percentage of Democrats and Republicans give top priority to lowering out-of-pocket costs for health care. However, other priorities vary by political party: 63% of Republicans versus 21% of Democrats view ACA repeal as a top priority, while 67% of Democrats versus 55% of Republicans view lowering the cost of prescription drugs as a top priority.

Spotlight

This Visualizing Health Policy infographic spotlights public opinion on health reform in the United States as of 2017. The largest percentage of Democrats and Republicans give top priority to lowering out-of-pocket costs for health care. However, other priorities vary by political party: 63% of Republicans versus 21% of Democrats view ACA repeal as a top priority, while 67% of Democrats versus 55% of Republicans view lowering the cost of prescription drugs as a top priority.

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