Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Liberty Mutual is a major U.S. property and casualty insurance group with a broad footprint across personal and commercial lines. Because insurers can look “big” in different ways depending on the metric (revenue vs. premium vs. underwriting profitability), the best snapshot comes from a few core numbers: revenue, net written premium, net income, and the combined ratio.
This page compiles the most verifiable Liberty Mutual statistics from Liberty Mutual’s own investor materials and company disclosures, with clear year labels so you can track performance over time.
Liberty Mutual by the Numbers (2026)
What is Liberty Mutual? Liberty Mutual is a diversified insurance company focused primarily on property and casualty coverage, including personal auto/home and a broad set of commercial and specialty lines.
- Revenue: $50.218B (FY2024)
- Net income attributable to LMHC: $4.383B (FY2024)
- Net written premium (NWP): $44.963B (FY2024)
- Combined ratio: 95.9% (FY2024)
- Employees: 40,000+ in 28 countries/economies (as of Dec. 31, 2024)
Sources:
Liberty Mutual FY2024 earnings release (PDF) |
Company profile
Key Liberty Mutual Metrics Table
| Metric | Most Recent Figure | Year / As-of Date | Source |
|---|---|---|---|
| Revenue | $50.218B | FY2024 | FY2024 earnings release (PDF) |
| Revenue (comparison) | $49.412B | FY2023 | FY2024 earnings release (PDF) |
| Net income attributable to LMHC | $4.383B | FY2024 | FY2024 earnings release (PDF) |
| Net income attributable to LMHC (comparison) | $0.213B | FY2023 | FY2024 earnings release (PDF) |
| Net written premium (NWP) | $44.963B | FY2024 | FY2024 earnings release (PDF) |
| Combined ratio | 95.9% | FY2024 | FY2024 earnings release (PDF) |
| Employees | 40,000+ (28 countries/economies) | As of Dec. 31, 2024 | Company profile |
How Liberty Mutual Makes Money (Simple Explanation)
Most Liberty Mutual revenue ultimately ties back to:
- Premiums: money customers pay for insurance coverage (tracked closely via net written premium).
- Underwriting results: profitability of insurance operations, often summarized by the combined ratio (lower is better).
- Investment income: returns earned on the investment portfolio that supports policyholder obligations.
Because insurance results can swing with catastrophes (storms, wildfires, etc.), the combined ratio is one of the most useful “health” metrics for understanding underwriting performance over time.
Latest Performance Snapshot (2025 Year-to-Date)
Liberty Mutual also reports quarterly results. For additional context beyond the most recent full-year numbers:
- Net income attributable to LMHC: $5.093B for the nine months ended Sept. 30, 2025
- Combined ratio: 84.7% in Q3 2025
- Total NWP: $33.014B for the nine months ended Sept. 30, 2025
Source: Q3 2025 earnings release (PDF)
Liberty Mutual Revenue (Historical Trend)
- 2024: $50.218B (source)
- 2023: $49.412B (source)
- 2022: $48.227B (source)
- 2021: $43.679B (source)
- 2020: $40.624B (source)
- 2019: $39.814B (source)
- 2018: $41.568B (source)
- 2017: $39.409B (source)
- 2016: $35.451B (source)
- 2015: $35.006B (source)
FAQ
How much revenue does Liberty Mutual make?
Liberty Mutual reported $50.218 billion in revenue for FY2024, up from $49.412 billion in 2023. Source
What was Liberty Mutual’s net income in 2024?
Liberty Mutual reported $4.383 billion in net income attributable to LMHC for FY2024. Source
What is Liberty Mutual’s combined ratio?
Liberty Mutual reported a 95.9% combined ratio for the full year 2024 (improving from 102.7% in 2023). Source
How many employees does Liberty Mutual have?
Liberty Mutual reports employing over 40,000 people in 28 countries and economies (as of Dec. 31, 2024). Source
Is Liberty Mutual a public company?
Liberty Mutual is a mutual insurance company group and is not publicly traded like a typical stock-listed insurer, so it does not have a daily public market capitalization figure.
