Investor Relations

LMG Reports 2009 Third Quarter Earnings

Liberty Mutual Group (“LMG”) today reported net income of $265 million for the three months ended September 30, 2009, an increase of $259 million over the same period in 2008.

“We are pleased with our results in the quarter,” said Edmund F. Kelly, Chairman, President and CEO of Liberty Mutual Group Inc. “We and the industry benefited in the quarter from improved asset values and favorable weather. We remain committed to disciplined underwriting, reserving and overall risk management to maintain our strong balance sheet.”

At 10:30 a.m. EDT on October 27, 2009, Mr. Kelly hosted a conference call to discuss the Company's financial results.  A replay will be available until 5:00 p.m. on November 3, 2009 at 866-473-2109.  LMG's third quarter earnings release, financial results and other supplemental information are available here.

Safeco Corporation - The acquisition of Safeco Corporation (“Safeco”) by Liberty Mutual Group (“Liberty”) was completed on September 22, 2008 (the “Effective Date”) (see press release).  In connection with the acquisition, Safeco became a subsidiary of Liberty.  Pursuant to the terms of the Agreement and Plan of Merger, dated as of April 23, 2008, on the Effective Date all shares of Safeco common stock were cancelled.  Now each cancelled share of Safeco common stock represents only the right to receive $68.25 in cash, without interest (the “Merger Consideration”).  In order to receive the Merger Consideration, all holders of Safeco shares must surrender their Safeco share certificate(s) to BNY Mellon Shareowner Services, Liberty’s exchange agent.

 So what do you need to do as a shareholder?

• If a broker holds your shares, your broker will handle the exchange for you and will provide you with any relevant instructions to be followed for effecting the change.
• If you hold certificates for your shares, BNY Mellon Shareowner Services will mail to you a Letter of Transmittal, which will contain instructions for surrendering your share certificates.  Upon receipt of the Letter of Transmittal, please read and follow the instructions contained therein, and submit ALL of your certificates together with the Letter of Transmittal to BNY Mellon Shareowner Services.
  • Holders of Safeco common stock sending certificates by standard USPS mail service should send Letter of Transmittal and share certificates to: Mellon Investor Services LLC, c/o BNY Mellon Shareowner Services, Attn: Corporate Actions Department, P.O. Box 358300, Pittsburgh, PA, 15252-8300
  • Holders of Safeco common stock sending certificates by overnight delivery service or delivering by hand should send Letters of Transmittal and share certificates to: Mellon Investor Services LLC, c/o BNY Mellon Shareowner Services, Attn: Corporate Actions Department, 480 Washington Boulevard, 27th Floor,  Jersey City, NJ 07310
• If you have any questions, please call the exchange agent, BNY Mellon Shareowner Services, at 1-866-204-0386 in the U.S. or 1-201-680-6579 outside the U.S.

If you need historical stock prices for income tax purposes, please go to http://research.investopedia.com/stocks/saf/historical.  Please note that Liberty Mutual is not affiliated with Investopedia and assumes no responsibility for the content and accuracy of the data.

Noteholder Information

7.50% Senior Notes due 2036 - These notes have been provided the benefit of (i) the Replacement Capital Covenant entered into by the Company on March 7, 2007 in connection with the issuance of $700,000,000 aggregate principal amount of the Company's Series A Junior Subordinated Notes and $300,000,000 aggregate principal amount of the Series B Junior Subordinated Notes; and (ii) the Replacement Capital Covenant entered into by the Company on May 29, 2008 in connection with the issuance of $1,250,000,000 aggregate principal amount of the Company's Series C Junior Subordinated Notes.   Please click here  for additional information.

Note: The entities that form the Liberty Mutual Group are private companies which have not registered under the Securities Act of 1933, as amended, and therefore are not subject to the information and reporting requirements of the Securities Exchange Act of 1934, as amended.  Accordingly, the group's entities do not file proxy statements, financials or other reports with the Securities and Exchange Commission.

Please refer to the link below for a cautionary notice concerning forward looking statements included on this website, and a discussion of the various factors that could cause an adverse effect on the business, operations and financial condition of the Liberty Mutual Group.
Forward Looking Statements and Risk Factors