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Liberty Mutual Group is a diversified international group of insurance companies. As of December 31, 2003, Liberty Mutual had $64.4 billion in consolidated assets and $16.6 billion in consolidated revenue. The Company ranks 116 on the Fortune 500 list of largest U.S. corporations, and it is the eighth-largest personal lines writer and the fifth-largest commercial lines writer in the U.S., based on 2003 direct written premium. Headquartered in Boston, Massachusetts, the Company employs 38,000 people in more than 900 offices throughout the world.