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Home > Company Index > Insurance > Multiline Insurance > Liberty Mutual Insurance Companies

Liberty Mutual Insurance Companies
 PROFILE
Liberty Mutual wants more liberty. The US's #1 workers' compensation insurer hopes to gain more flexibility in dealing with rapidly changing markets by reorganizing as a mutual holding company. The company stresses loss prevention (analyzing work sites and practices for safety) and rehabilitation services and has alliances with health care providers to manage disability care. Noncommercial lines include homeowners, auto, and group life. Selling itself off, Liberty Financial provides asset management services. The company has more than 900 offices in some 15 countries, including Canada, Japan, Mexico, Singapore, and the UK.

 COMPETITION
The Allstate Corporation (ALL)
Prudential Financial (dossier)
State Farm Insurance Companies (dossier)

 DEALS
Deal: Cogentric Strikes Alliance With Liberty
Date Announced: 05.01.01
Value of transaction (US $Mil): Not Disclosed
Description: Cogentric software will allow Liberty International Underwriters to perform risk assessment on e-business infrastructures to allow LIU to create more accurate cyber-insurance policies.

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 13,470.00
1-Yr. Sales Growth: (13.1)%
Employees: 37,440
Revenue per employee: $359,775.64

 KEY PEOPLE
• Edmund F. Kelly
    CEO
• J. Paul Condrin
    CFO

 CONTACT INFO
175 Berkeley St.
Boston, MA 02117
US
Phone: 617-357-9500
Fax: 617-350-7648
Online: Web Site

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