Liberty Mutual
Financial Performance
Liberty Mutual Revenue & Financials
Revenue
$50.2B (FY2024)
Net Income
$4.4B
Employees
45,000
What is Liberty Mutual's revenue?
Liberty Mutual had $50.2B in revenue for fiscal year 2024, up 1.7% from 2023. Net income was $4.4B.
- Latest revenue
- $50.2B (FY2024)
- Year-over-year
- +1.7%
- Growth rate (CAGR)
- 4.4% over 9 years
- Peak revenue
- $50.2B (FY2024)
- Years of data
- 10
- Employees
- 45,000
- How much profit does Liberty Mutual make?
- Liberty Mutual reported net income of $4.4B for fiscal year 2024.
- How many employees does Liberty Mutual have?
- Liberty Mutual has about 45,000 employees.
Financial Analysis
Liberty Mutual's financial performance demonstrates resilient recovery and structural capital optimization following the severe inflationary and catastrophe-driven losses of 2022. In fiscal year 2024, the enterprise generated $50.218 billion in consolidated revenue, representing an increase of 1.7% over 2023, while achieving a dramatic profitability rebound with GAAP net income reaching $4.383 billion. This resurgence was driven by multi-year disciplined rate actions across personal auto and property portfolios, aggressive underwriting expense discipline, and strategic international portfolio reshaping—most notably the sale of European operations to Generali for €2.3 billion and Latin American retail assets to HDI for $1.4 billion. Policyholder surplus equity strengthened to $30.4 billion, underscoring exceptional balance sheet solvency and claims-paying capacity. The company maintains solid investment-grade credit ratings, including an 'A' (Excellent) financial strength rating from AM Best, 'A' from Standard & Poor's, and 'A2' from Moody's.
Revenue Trend Analysis
YoY Change
+1.7%
9-Year CAGR
+4.4%
Peak Year
2024
Trend
Consistent Growth
Liberty Mutual has 10 full fiscal year figures on this page, compounding at +4.4% annually over 9 years. The most recent year saw a 1.7% increase versus the prior year. Annual revenue peaked in fiscal year 2024 at $50.2B. Of 9 comparable year-over-year steps, 8 showed growth and 1 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2024 | $50.2B | $4.4B | +1.7% |
| FY2023 | $49.4B | $213M | +5.1% |
| FY2022 | $47B | $414M | -2.5% |
| FY2021 | $48.2B | $3.1B | +10.1% |
| FY2020 | $43.8B | $758M | +1.4% |
| FY2019 | $43.2B | $1B | +4.0% |
| FY2018 | $41.6B | $2.2B | +5.5% |
| FY2017 | $39.4B | $17M | +11.2% |
| FY2016 | $35.5B | $1B | +3.7% |
| FY2015 | $34.2B | $514M | — |
Click any row to see year details.
Keep researching Liberty Mutual
Liberty Mutual Revenue and Financial FAQ
What was Liberty Mutual's total consolidated revenue and net income in FY2024?
In fiscal year 2024, Liberty Mutual Holding Company Inc. reported $50.218 billion in consolidated enterprise revenue, representing a 1.7% increase over 2023. Net income rose dramatically to $4.383 billion, marking a powerful turnaround from post-pandemic underwriting deficits due to disciplined rate filings, tighter underwriting guidelines, and international divestments.
What is policyholder surplus and what is Liberty Mutual's current capital surplus?
Policyholder surplus represents the capital cushion remaining after all insurance liabilities, reserves, and operating debts are subtracted from total corporate assets. As of year-end 2024, Liberty Mutual maintained $30.4 billion in policyholder surplus equity, providing extraordinary financial strength to absorb catastrophic storm seasons and honor multi-billion-dollar claims.
What are Liberty Mutual's current credit and financial strength ratings?
Liberty Mutual holds an 'A' (Excellent) Financial Strength Rating with a Stable Outlook from AM Best, an 'A' (Strong) issuer credit rating from Standard & Poor's, and an 'A2' insurance financial strength rating from Moody's Investors Service, confirming its investment-grade creditworthiness and exceptional long-term claims solvency.
How did Liberty Mutual recover financially from the $1.8 billion deficit in 2022?
Following the historic 2022 underwriting loss caused by severe convective storms and auto parts replacement inflation, Liberty Mutual executed an aggressive financial remediation plan: instituting cumulative double-digit rate increases across personal auto and property lines in 40+ states, reducing operational operating expenses, restricting new coastal property policies, and divesting non-core European retail operations for €2.3 billion.
Does Liberty Mutual pay dividends to its mutual policyholders?
Because Liberty Mutual is a mutual holding company rather than a traditional stock corporation, it does not distribute quarterly dividends to equity shareholders. Instead, excess underwriting profits are primarily reinvested into policyholder surplus equity to enhance claims solvency and lower policyholder costs over time, though select commercial workers' compensation policies feature safety dividend endorsements based on loss experience.
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CorpDigest. "Liberty Mutual Revenue & Financials." CorpDigest, https://corpdigest.com/company/liberty-mutual/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Liberty Mutual reported $50.2B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/liberty-mutual/financials" target="_blank" rel="noopener">CorpDigest — Liberty Mutual financials</a></div>Related Financial Audits
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