Liberty Mutual Group reported second-quarter net income increased 23 percent despite an up-tick in its combined ratio due to a very active hurricane season.
Edmund F. Kelly, chairman, president and chief executive officer, said he was pleased with the results which resulted from underwriting discipline and adequate pricing. Speaking during an analyst's conference call, he expressed optimism that insurers will see a renewal of the Terrorism Risk Insurance Act with modifications.
The Boston-based carrier reported quarterly net income grew by $93 million, going from $407 million in the second quarter of 2004 to $500 million. Revenues increased more than 10 percent, or $509 million, from $4.78 billion to $5.3 billion.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
