Liberty Mutual Group Reports Fourth Quarter 2008 Results
Author: Media Release
Date: 03.06.09
BOSTON, Mass., March 6 2009 - Liberty Mutual Group ("LMG" or the "Company") today reported net income of $474 million and $1.140 billion for the three and twelve months ended December 31, 2008, respectively, an increase of $49 million and a decrease of $378 million versus the same periods in 2007.
"Results in the quarter and full year reflect the strength of Liberty's core businesses, the success of our diversification strategy and our strong investment operation," said Edmund F. Kelly, Chairman, President and CEO, Liberty Mutual Group. "The current economic crisis is challenging, but our risk management process and operating model have proven stronger than most and have served us well in terms of our ability to succeed in these extreme economic conditions. In particular, our decision to substantially exit the public equities market was clearly the right decision to make."
Related Downloads