Liberty Muteal Holding Company Inc. Unified in the first quarter of 2025 net income of about $ 1 billion, a decrease of about 33 % from the same period last year.
Disaster losses for the first three months of 2025 – driven by forest fires in California – were $ 1.8 billion, compared to $ 824 million last year. The disaster losses added 16.7 points to the comprehensive quarter of 96.6. Liberty M motual has turned into a combined percentage from 95.8 for the first quarter of 2024.
However, Tim Sweeney, CEO of Boston’s insurance company, said that the discipline of subscription has improved the combination of the first quarter of 6.5 points to 81.9.
“In general, we are very happy with our performance of this quarter, as we continue to follow up on the profitable growth and progress towards our built -in goal by 95 % at the end of 2025,” Suene added in a statement.
Related to: CEO of Liberty Muteal Sweeee, Chairman
Liberty M motual decreased by 7.4 % in net written premiums (NWP) to about $ 6.1 billion for US retail markets, which consists of small personal and commercial lines. The NWP private passenger car has decreased in US retail markets nearly 16 % to about $ 2.6 billion. The insurance companies said that the decrease “reflects an increase in the shopping holder.”
Q1 NWP homeowners’ insurance remained relatively fixed at $ 1.8 billion.
Meanwhile, Liberty Mutual’s Global Risk Solutions has grown 7.5 % to about $ 4.7 billion.
Liberty Muteal announced earlier this year that she was getting rid of the Safeco brand and all her personal products will be sold under the name Liberty Muteal.
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