Liberty Mutual Insurance Reports Second Quarter 2018 Results
"Building on the progress made in the first quarter, net income attributable to
Executive Officer.
"The combined ratio in the quarter was 97.9% as global catastrophes returned to historical levels and core underwriting results improved across many business segments. Favorable partnership, LLC and other equity method investment valuations and an after-tax gain of
Second Quarter Highlights
* Net written premium ("NWP") for the three months ended
* Pre-tax operating income("PTOI") before partnerships, limited liability companies ("LLC") and other equity method income for the three months ended
*
* Net realized (losses) gains for the three months ended
*
* Restructuring costs for the three months ended
* Loss on extinguishment of debt for the three months ended
* Discontinued operations, net of tax, for the three months ended
* Consolidated net income for the three months ended
* Net loss attributable to non-controlling interest for the three months ended
* Net income attributable to LMHC for the three months ended
* Cash flow provided by continuing operations for the three months ended
* The consolidated combined ratio before catastrophes, net incurred losses attributable to prior years and current accident year re-estimation for the three months ended
the same period in 2017. Including the impact of catastrophes, net incurred losses attributable to prior years and current accident year re-estimation, the total combined ratio for the three months ended
Year-to-date Highlights
* NWP for the six months ended
* PTOI before partnerships, LLC and other equity method income for the six months ended
*
* Net realized gains for the six months ended
*
* Restructuring costs for the six months ended
* Loss on extinguishment of debt for the six months ended
* Discontinued operations, net of tax, for the six months ended
* Consolidated net income for the six months ended
* Net income attributable to non-controlling interest for the six months ended
* Net income attributable to LMHC for the six months ended
* Cash flow provided by continuing operations for the six months ended
* The consolidated combined ratio before catastrophes and net incurred losses attributable to prior years for the six months ended
Financial Condition as of
* Total debt was
* Total equity was
Subsequent Events
Management has assessed material subsequent events through
Consolidated Results of Operations
To view the table, click here: https://www.libertymutualgroup.com/about-liberty-mutual-site/news-site/Documents/Q2%202018_Press%20Release%20-%20FINAL.PDF
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