BOSTON, Jan. 27, 2025 – Liberty Mutual has announced the details of its reinsurance program for the coming year. As part of its first-quarter earnings materials, the company is sharing details of its key Property Catastrophe Program.
As of January 1st, 2025, Liberty Mutual’s domestic business is covered by the following reinsurance arrangements: a $2.8 billion occurrence limit, exceeding a $1 billion retention, with one reinstatement. The initial $1.5 billion of this limit covers all perils. The company has also secured an Aggregate Property Catastrophe Program, designed to offer protection against both the frequency and severity of losses, with a $500 million excess of a $2.4 billion aggregate retention, and a $100 million deductible per event.
Forward-Looking Statements
This announcement includes forward-looking statements, intending to provide insight into Liberty Mutual’s future financial and operational performance. These statements, using terms such as “may,” “expects,” “should,” “believes,” “anticipates,” “estimates,” or “intends,” reflect the company’s current views on its future strategies, financial results, and market conditions, as well as its expectations for investment returns and the impacts of unforeseen events, including preliminary loss estimates from recent hurricanes. However, these statements are not guarantees of future performance, but are based on current expectations, estimates, and assumptions that are subject to business, economic, and competitive uncertainties, many of which are beyond the company’s control.
Liberty Mutual advises readers not to place undue reliance on these forward-looking statements, which are subject to change and could result in material differences from actual results. For a comprehensive review of factors that may impact future results, please refer to the “Risk Factors” section on the company’s website.
Given the recent and ongoing circumstances, the company is providing this information on a discretionary basis and does not intend to update or revise these forward-looking statements in the future. This disclosure is valid only as of the date of publication.
About Liberty Mutual Insurance
Founded in 1912 and headquartered in Boston, Liberty Mutual is the eighth-largest global property and casualty insurer based on 2023 gross written premium. They are also ranked 87th on the Fortune 100 list in the U.S. based on 2023 revenue. The company’s annual consolidated revenue was $49.4 billion as of December 31, 2023. Liberty Mutual employs over 40,000 people in 29 countries and economies worldwide, providing insurance products and services that include personal and commercial lines.
For more information, visit www.libertymutualinsurance.com.
Contact: Robert Pietsch Executive Director, Investor Relations and Capital Markets 857-224-6655 [email protected]
