Liberty Mutual Q1 operating profits rise 14% despite $1bn catastrophe loss hit
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Liberty Mutual Q1 operating profits rise 14% despite $1bn catastrophe loss hit

John Hewitt Jones
May 06, 2021
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Pre-tax operating income at Liberty Mutual increased by 14% to $914mn during the first quarter of 2021, as its income from partnership, LLC and other equity method investment portfolio offset a $734mn rise in catastrophe claims for the period.

The carrier’s income from partnerships and other investments surged to $838mn, from $100mn in the prior year, even as its underwriting result fell.

Liberty

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