WHO ARE MEMBERS OF LIBERTY MUTUAL HOLDING COMPANY INC. AND WHAT ARE THEIR RIGHTS?

WHAT IS "LIBERTY MUTUAL HOLDING COMPANY INC."?

Liberty Mutual Holding Company Inc. is a Massachusetts mutual holding company that operates primarily through four strategic business units (1) Personal Markets, (2) Commercial Markets, (3) Agency Markets and (4) International.  These business units utilize various "Liberty Mutual" trade names and trademarks including "Liberty Mutual Agency Corporation", "Liberty Mutual Personal Markets"; "Liberty Mutual Commercial Markets"; "Liberty Mutual Middle Market"; "Liberty Mutual Agency Markets"; "Liberty Mutual Surety"; "Member of Liberty Mutual Group"; "Liberty International"; and similar types of names.  Each of these strategic business units market and underwrite insurance policies issued by the numerous insurance entities owned or controlled by Liberty Mutual Holding Company Inc., including (1) stock insurance companies, (2) stock insurance companies that were formerly mutual insurance companies and (3) other affiliated insurance entities (collectively "LMHC Insurance Companies").  The rights and privileges associated with insurance policies and other obligations issued by the LMHC Insurance Companies vary in certain ways described below.

WHO IS A "MEMBER" OF LIBERTY MUTUAL HOLDING COMPANY INC.?

Members are persons appearing as the named insured on an in-force policy, or as principal in the case of a surety bond, issued by "Member Companies."  Our Member Companies include only the following stock insurance companies (1) Liberty Mutual Insurance Company, (2) Liberty Mutual Fire Insurance Company, (3) Employers Insurance of Wausau, and (4) Liberty Mutual Personal Insurance Company.  These Member Companies were formerly mutual insurance companies whose policyholders elected to form a mutual holding company.  These formations were reviewed and approved by the governing state insurance regulatory authorities.

Policyholders or holders of surety bonds or other insurance obligations issued by LMHC Insurance Companies that are not Member Companies ARE NOT members of Liberty Mutual Holding Company Inc. and are, therefore, not entitled to any member rights.

WHAT ARE "MEMBER RIGHTS"?

Members of Liberty Mutual Holding Company Inc. have uncertificated rights conferred by law, including the rights to: (1) vote for the election of directors at annual meetings of Liberty Mutual Holding Company Inc. as well as other matters requiring a membership vote; (2) share in any distribution of, or receive consideration based upon, the value of Liberty Mutual Holding Company Inc. in liquidation, demutualization, dissolution or otherwise under its articles of organization and bylaws, or otherwise as provided by law; and (3) receive member dividends as, if and when declared and paid by the Board of Directors.

WHEN IS THE MEMBERS ANNUAL MEETING OF LIBERTY MUTUAL HOLDING COMPANY INC.?

It is held on the second Wednesday of April at its headquarters located at 175 Berkeley Street, Boston, Massachusetts.