Liberty Mutual Insurance Announces Inaugural Investor Day
Liberty Mutual Insurance will host its inaugural Investor Day on Wednesday, December 5, 2018 from 9:00 AM to approximately 11:30 AM ET at its home office in Boston, Mass. The event will include presentations by members of the senior management team on the company’s results and strategic vision.
Attendance to the live event is by invitation only and registration is required. A live audio webcast will also be made available to the public. Additional details, including webcast information, will be provided closer to the date of the event at www.libertymutualgroup.com/investors. If you have questions, please contact Investor Relations at (857) 224-6655 or email email@example.com.
Liberty Mutual Insurance Reports First Quarter 2018 Results
Liberty Mutual Holding Company Inc. and its subsidiaries (collectively “LMHC”) reported net income attributable to LMHC of $648 million for the three months ended March 31, 2018, an increase of $297 million over the same period in 2017. Including $1 million of net income attributable to non-controlling interest, consolidated net income for the three months ended March 31, 2018 was $649 million.
“Net income from continuing operations for the quarter was $590 million, an increase of almost $300 million over the prior year, driven by a milder catastrophe quarter, and continued strong investment results,” said David H. Long, Liberty Mutual Chairman and Chief Executive Officer. “Growth remains robust, as net written premium increased 7% excluding the impact of foreign exchange.”
“On May 1st we finalized the sale of Liberty Life Assurance Company of Boston. The transaction will provide us an opportunity to fully focus on property and casualty insurance going forward.”
For more information please contact Investor Relations at (857) 224-6655 or e-mail firstname.lastname@example.org.
2018 First Quarter