Liberty Mutual 2010

Diverse operations ease commercial lines pressure

Graham Village

IMPROVED investment performance and a well-spread underwriting book allowed Liberty Mutual to report increased net profit of $1.68bn last year, up 64% from $1.02bn in 2009. Announcing the results, Edmund Kelly, chairman and chief executive of Liberty Mutual, said the company’s domestic personal lines account and its international operations more than compensated for industry-wide problems in the commercial lines sector.