trending Market Intelligence /marketintelligence/en/news-insights/trending/843qw8doLJhAmqXhLaLEWg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Liberty Mutual logs lower net income YOY in Q2

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

2018 US Property Casualty Insurance Market Report

Fintech

Fintech Funding Flows To Insurtech In February

Lemonade Growing Premiums Faster Than Esurance's Homeowners Business Did


Liberty Mutual logs lower net income YOY in Q2

Liberty Mutual Holding Co. Inc.'s second-quarter net income attributable to the company fell to $399 million from $981 million in the year-ago period.

Consolidated net income from continuing operations for the quarter came in at $399 million, down from $509 million in the prior-year period.

"We witnessed unusual volatility resulting from $82 million of Typhoon Jebi development and higher-than-expected noncatastrophe loss activity, including adverse trends in liability lines consistent with industrywide results," Liberty Mutual Chairman and CEO David Long said in a news release.

Combined ratio before catastrophes, net incurred losses attributable to prior years and current accident year re-estimation came in at 93.9% in the quarter, up 1.6 points from the year-ago period. Including the impact of catastrophes, net incurred losses attributable to prior years and current accident year re-estimation, the total combined ratio for the three months ended June 30 was 101.2%, an increase of 3.3 points over the year-ago period.

Net written premiums for the quarter decreased 0.3% year over year to $10.04 billion.