BOSTON, MA - Liberty Mutual Group reported fourth quarter net income of $456 million, an increase of $9 million or 2% over net income of $447 million a year earlier, while full year 2009 earnings were $1.02 billion, a decline of $90 million or 8% compared with $1.11 billion in 2008.

4Q revenues were $7.9 billion, down 2.6% from $8.2 billion, and full year 2009 revenues were $31.1 billion, up 7.8% from $28.9 billion.

"Our fourth quarter and full year results reflect continued strength of our core businesses in challenging economic and competitive environments,” said Edmund F. Kelly, Liberty Mutual’s chairman, president and CEO of Liberty Mutual Group Inc. “We will uphold our commitment to disciplined underwriting and reserving in order to maintain balance sheet strength." (IAM News)

Liberty Mutual Group Results

 

Back       Top