15 Facts About Liberty Mutual

Liberty Mutual Group is an American diversified global insurer and the sixth-largest property and casualty insurer in the United States.

Liberty Mutual Group owns, wholly or in part, local insurance companies in Argentina, Brazil, Chile, China, Colombia, Ecuador, India, Ireland, Malaysia, Poland, Portugal, Singapore, Spain, Thailand, Turkey, the United Kingdom, Venezuela and Vietnam.

Liberty Mutual was founded in 1912 as the Massachusetts Employees Insurance Association, following passage of a 1911 Massachusetts law requiring employers to protect their employees with workers' compensation insurance.

Liberty Mutual was founded as a mutual company, a structure in which an insurance company is owned by its policyholders.

Liberty Mutual settled the lawsuit in December 2001, which required additional disclosure and limited certain compensation to company officers and directors.

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Liberty Mutual's growth has been both organic and through acquisition.

Early acquisitions were small, but Liberty Mutual has made several large acquisitions over the past decade, including the high-profile acquisition of Safeco Corporation in 2008.

Liberty Mutual agreed to acquire all outstanding shares of Safeco for $68.

Liberty Mutual created a 2006 television commercial depicting people doing good for others, reporting that the "overwhelming" positive response led to its decision to create the website The Responsibility Project.

Liberty Mutual is the sole corporate sponsor of the long-running PBS documentary series American Experience.

In May 2017, Liberty Mutual Insurance completed its acquisition of Bermuda-based Ironshore Inc from Fosun International Limited for $2.

In October 2019, Liberty Mutual acquired Nationale Borg, Nationale Borg Reinsurance and AmTrust Insurance Spain, which are credit and surety reinsurance subsidiaries of AmTrust Financial Services.

In July 2021, Liberty Mutual agreed to acquire State Auto Group for over $2 billion.

Liberty Mutual conducts all of its business through four strategic business units: US Consumer Markets, Commercial Insurance, Global Consumer Markets and Global Specialty.

Liberty Mutual relied on an amicus brief filed on behalf of the U S Department of Labor.