A.M. Best Affirms Credit Ratings of Liberty Mutual Holding Company Inc. and Its Subsidiaries
Concurrently,
The ratings of Liberty Mutual’s members reflect the group’s balance sheet strength, which
The Liberty Mutual rating unit’s statutory surplus declined by approximately
Liberty Mutual’s business profile is viewed as a favorable rating factor as the group has a strong, diversified business profile that serves to protect its earnings stream. Liberty Mutual is engaged principally in underwriting virtually all lines of personal and commercial property/casualty (P/C) business and ranks as the third-largest P/C insurance group in
Liberty Mutual’s risk management practices are appropriately comprehensive and sophisticated given the size and complexity of the organization and fully support the recommended ratings. The group has an extensive ERM program in place that is proven and demonstrable. Managing risk is a core competency of the group and integrated throughout its worldwide operations.
LMHC’s rating is supported by adjusted and unadjusted financial leverage that is consistently maintained below 30%, run rate interest coverage of between 4.0x-5.0x and solid liquidity measures.
For a complete listing of
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and
Copyright © 2018 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
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