Inflation, cat losses push Liberty Mutual to Q2 underwriting loss as CoR jumps to 105%
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Inflation, cat losses push Liberty Mutual to Q2 underwriting loss as CoR jumps to 105%

Eileen AJ Connelly
August 04, 2022
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Liberty Mutual Insurance logo boardroom reflection new 2022.jpg

Liberty Mutual reported a 6.9-point deterioration in its headline combined ratio to 105%, driven higher by rising inflation and $1.1bn in catastrophe losses, largely due to major wind and hail events across the Midwest.

Cat losses added 9.5 points to the CoR, up from 6.4 points last year. That was partially offset by reserve releases of $152mn, or 1.3

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Topics

News Liberty Mutual Earnings
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Eileen AJ Connelly
Contributing Editor
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