Liberty Mutual Group, more commonly known by the name of its primary line of business Liberty Mutual, is a diversified global insurer and the third largest property and casualty insurer in the United States based on 2010 net written premium. It is the 82nd company on the Fortune 500 list for 2011. Based in Boston, Massachusetts, it employs over 45,000 people in more than 900 locations throughout the world. As of December 31, 2010, Liberty Mutual Group had $112.35 billion in consolidated assets, $95.4 billion in consolidated liabilities, $17.0 billion in policyholders' equity, and $33.2 billion in annual consolidated revenue. The company, founded in 1912, offers a wide range of insurance products and services, including personal automobile, homeowners, workers’ compensation, commercial multiple peril, commercial automobile, general liability, global specialty, group disability, fire and surety.
LMG owns, wholly or in part, local insurance companies in Argentina, Brazil, Chile, China (including Hong Kong), Colombia, India, Ireland, Poland, Portugal, Singapore, Spain, Thailand, Turkey, Venezuela,Vietnam, and Russia.
The current CEO is David H. Long, who succeeded his predecessor Edmund (Ted) F. Kelly on June 29, 2011. Ted Kelly was appointed CEO in 1998.
Read more about Liberty Mutual: History, Liberty Mutual Research Institute For Safety, Subsidiaries
Famous quotes containing the words liberty and/or mutual:
“Can a free people restrain crime without sacrificing fundamental liberties and a heritage of compassion?... Let us show that we can temper together those opposite elements of liberty and restraint into one consistent whole. Let us set an example for the world of a law-abiding America glorying in its freedom as well as its respect for law.”
—Gerald R. Ford (b. 1913)
“What men call friendship is no more than a partnership, a mutual care of interests, an exchange of favors—in a word, it is a sort of traffic, in which self-love ever proposes to be the gainer.”
—François, Duc De La Rochefoucauld (1613–1680)