Global private passenger auto net written premiums up 4.8 percent in 2016. Commercial auto up 8.8 percent.
Liberty Mutual Holding Company Inc. (LHMC) and its subsidiaries reported net income of $143 million for the fourth quarter ended December 31, 2016 and $1.006 billion for the year. This represents a decrease of $268 million for the quarter and an increase of $492 million for the year compared same periods in 2015.
“Fourth quarter operating income was $359 million, down from $525 million in the prior year, primarily due to elevated loss trends within U.S. personal and commercial auto liability,” said David