|Liberty Mutual Insurance Group|
|Boston-based Liberty Mutual Group (LMG) is a leading global insurer and sixth largest property and casualty insurer in the U.S. whose largest line of business is private passenger automobile based on 2004 direct written premium. As of December 31, 2005, LMG had $78.8 billion in consolidated assets and $21.2 billion in annual consolidated revenue. The Company ranks 102nd on the Fortune 500 list of largest corporations in the United States based on 2005 revenue.
LMG offers a wide range of insurance products and services, including personal automobile, homeowners, workers compensation, commercial multiple peril, commercial automobile, general liability, global specialty, group disability, assumed reinsurance, fire and surety.
In 2001 and 2002 LMG reorganized into a mutual holding company structure. The three principal mutual companies of the group, Liberty Mutual Insurance Company, Liberty Mutual Fire Insurance Company and Employers Insurance Company of Wausau, each became separate stock insurance companies under the ownership of Liberty Mutual Holding Company, Inc. This structure provides LMG with better capital market access and greater strategic flexibility to pursue acquisitions and alliances, while aligning its legal structure with its operating structure and preserving mutuality.
Liberty Mutual Group operates through four strategic business units with no single unit contributing more than 30 percent of net premium written.
Throughout its history Liberty Mutual has been “helping people live safer, more secure lives.”
Liberty Mutual I/S's Office of Quality & Performance Excellence was started in May 2006 to unify individual quality and lean six sigma efforts that have been going on for years. Liberty Mutual currently has approximately 50 trained and certified quality process improvement expets on staff, although those certifications are only now being standardized under a uniform Liberty Mutual quality program.|