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Liberty Mutual reports significant increase in Q4 net income

February 24, 2021

Liberty Mutual Holdings Co. Inc. on Tuesday reported net income of $162 million for the fourth quarter of 2020, compared with a net loss of $301 million in the year-earlier period, due to favorable core underwriting results across the insurer’s Global Retail Markets and Global Risk Solutions businesses and strong investment returns.

In an earnings call Wednesday detailing the results, Liberty Mutual executives said the company had received more than 20,000 claims related to last week’s adverse weather events, primarily coming from policyholders in Texas and Oklahoma.

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