Liberty Mutual Insurance Reports Fourth Quarter and Full Year 2018 Results

Liberty Mutual Holding Company Inc. and its subsidiaries (collectively “LMHC” or the “Company”) reported net income attributable to LMHC of $249 million and $2.160 billion for the three and twelve months ended December 31, 2018, increases of $44 million and $2.143 billion over the same periods in 2017. Including zero and $1 million of net income attributable to non-controlling interest, consolidated net income for the three and twelve months ended December 31, 2018 was $249 million and $2.161 billion, respectively.

“Premium growth was strong at 6.3% for the year as market conditions improved domestically and international growth remained robust at 13.1%,” said David H. Long, Liberty Mutual Chairman and Chief Executive Officer. “Net income was $2.2 billion despite another year of above average catastrophe losses.

“The combined ratio for the full year improved 6.4 points to 99.2% and our investment portfolio again delivered strong results. Our new operating structure, forming Global Retail Markets and Global Risk Solutions, is delivering tangible results and has us well positioned to continue to improve performance.”

Fourth Quarter Highlights

Year-to-date Highlights

Financial Condition as of December 31, 2018

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