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You are here: Home / News / Liberty Mutual Insurance Reports Increasing Auto Premiums and Losses

Liberty Mutual Insurance Reports Increasing Auto Premiums and Losses

March 2, 2017 By CollisionWeek Editor

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. 

Liberty Mutual logo“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

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Filed Under: News Tagged With: Earnings, Liberty Mutual Insurance

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