Liberty Mutual operating profit surges on investments despite $1.2bn cat bill
Pre-tax operating profits at Liberty Mutual were up 155 percent to $788mn for the third quarter as the insurer reported strong top line growth and a jump in the contribution from partnerships, LLC and other equity method investment income that more than offset a 23.9 percent increase in cat losses to $1.2bn.
If you are a subscriber, please sign back in to read this article
If you are not currently a subscriber please see contact details below