9 Liberty Mutual Statistics (2024):
Revenue, Market Share, Catastrophes

Liberty Mutual is a global company that provides various types of insurance, including auto, home, and commercial coverage.

Founded in 1912, it has grown to become one of the largest insurers in the world.

Today, Liberty Mutual generates an annual revenue of $49.41 billion.

Here’s a summary of what you’ll find out on this page:

• Liberty Mutual Revenue
• Liberty Mutual Profit
• Liberty Mutual Market Share
• Liberty Mutual Catastrophe Losses
• Liberty Mutual Total Debt
• Liberty Mutual Total Assets
• Liberty Mutual Acquisitions
• Liberty Mutual Investment Income
• Liberty Mutual Number of Employees
• Who owns Liberty Mutual?
• Who bought Liberty Mutual?
• Is Liberty Mutual a Fortune 500 Company?

• Liberty Mutual generated $49.41 billion in revenue in 2023.
• Liberty Mutual reported a profit of $210 million in 2023.
• Liberty Mutual had $4.03 billion in catastrophe losses in 2023.
• In the U.S., Liberty Mutual holds a 5.4% market share in personal auto insurance and 6.8% in homeowners insurance.

Liberty Mutual generates $49.41 billion in annual revenue. That's an increase of 4% since last year (2022) when the company made $47.18 billion.

The revenue growth came from higher personal auto premiums and homeowners insurance.

In the last year, Liberty Mutual has added $2.23 billion in revenue.

Here's a table charting Liberty Mutual's revenue over the years since 2010:

Liberty Mutual generates an annual net income (profit) of $210 million. The company has been through heavy losses from natural disasters and increased claims in the recent years.

Liberty Mutual reached a peak profit of $3.07 billion in 2021. The company's net income (profit) has wildly fluctuated over the years.

As of Q2, Liberty Mutual has generated $2.25 billion in profit in 2024.

Here's a table of Liberty Mutual's annual net income (profit) over the years:

In the U.S, Liberty Mutual has a 5.4% share in personal auto insurance and 6.8% in homeowners insurance. This ranks Liberty Mutual in the top five U.S insurers in both categories.

Here's a pie chart of Liberty Mutual's homeowners insurance market share in the U.S.

On the global scale, Liberty Mutual holds a 3.8% global market share of the property and casualty insurance market.

As of 2023, Liberty Mutual ranks among the top 10 insurers worldwide.

Liberty Mutual reported $4.03 billion in catastrophe losses in 2023, which significantly impacted its profitability.

This is a 58% increase from the $2.54 billion in catastrophe losses reported in 2022.

Here's a table charting Liberty Mutual's catastrophe losses over the years.

Liberty Mutual has a total debt of $9.61 billion. This is a 9% decrease in total debt from the previous year.

Liberty Mutual's total debt has increased by 70% for a total $3.97 billion since 2010.

Here's a table of Liberty Mutual's total debt over the years:

Liberty Mutual has $165.21 billion in total assets. The company's total assets have grown relatively consistently over the years.

Liberty Mutual’s assets have grown by 47% from 2010 to 2023 for a total of $52.86 billion.

Here's a table of Liberty Mutual's total assets since 2010:

Liberty Mutual has acquired quite a few companies over the years, including its $2.93 billion purchase of Bermuda-based Ironshore in 2017 and more recently, the State Auto Group for over $2 billion in 2021.

Liberty Mutual's annual investment income was $2.96 billion in 2023. This is an increase of 8% from the previous year.

Liberty Mutual's investment income peaked in 2021 for a total of $5.42 billion.

Below is a table showing Liberty Mutual's annual investment income over the years:

Liberty Mutual employs 45,000 people worldwide, spread across its offices in more than 30 countries.

Below is a table showing Liberty Mutual's number of employees for the last 2 years:

Liberty Mutual laid off 5,000 employees between 2022 and 2023, as a downsizing effort and to reduce costs.

Nobody owns Liberty Mutual. Liberty Mutual is owned by its policyholders, since it's a mutual company.

Unlike publicly traded companies, which are owned by shareholders, mutual companies like Liberty Mutual are owned by their policyholders.

This allows profits to be reinvested into the company or returned to policyholders in the form of dividends or reduced premiums.

Liberty Mutual is one of the largest mutual insurance companies in the world.

No one bought Liberty Mutual, but Liberty Mutual has sold some of its businesses to other companies including: Generali, Talanx and HDI.

Generali: In 2023, Liberty Mutual sold its personal lines and small commercial insurance business (Western Europe) to the Generali Group for $2.5 billion. Generali is one of the largest global insurance and asset management providers.

Talanx: Talanx acquired some select property/casualty businesses from Liberty Mutual to become one of the top property and casualty insurers in Latin America.

HDI: In 2023, Liberty Mutual sold Liberty Seguros (Brazil) to HDI.

Yes, Liberty Mutual is a Fortune 500 company. As of 2024, it was ranked #87 on the Fortune 500 list, down from #84 in 2023.

That's it! That's all for my Liberty Mutual stats for 2024!

The insurance company has had some hard recent years, but seems to be coming out the other side alright.

As Liberty Mutual continues to grow, it will be interesting to see how it performs compared to other insurance companies.