| “ | Only pay for what you need! | ” |
―Liberty Mutual | ||
Liberty Mutual Group is an American diversified global insurer and the sixth-largest property and casualty insurer in the United States. It ranks 71st on the Fortune 100 list of largest corporations in the United States based on 2020 revenue. Based in Boston, Massachusetts, and featuring the Statue of Liberty (formally Liberty Enlightening the World) on its logo, it employs over 45,000 people in more than 900 locations throughout the world. As of December 31, 2021, Liberty Mutual Insurance had $156.043 billion in consolidated assets, $128.195 billion in consolidated liabilities and $48.2 billion in annual consolidated revenue.
The company, formed in 1912, 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, fire insurance and surety.
Liberty Mutual Group owns, wholly or in part, local insurance companies in Argentina, Brazil, Chile, China (including Hong Kong), Colombia, Ecuador, India, Ireland, Malaysia, Poland, Portugal, Singapore, Spain, Thailand, Turkey, the United Kingdom, Venezuela, and Vietnam.
In the United States, Liberty Mutual remains a mutual company in which policyholders holding contracts for insurance are considered shareholders in the company. However, Liberty Mutual Group's brand usually operates as a separate entity outside the United States, where a subsidiary is often created in countries where legally recognized mutual-company benefits cannot be enjoyed.
The current CEO is David H. Long. He succeeded his predecessor Edmund (Ted) F. Kelly on June 29, 2011. Kelly was appointed CEO in 1998, and stepped down from the Board of Directors as chairman in April 2013.
History[]
Trivia[]
- One of Liberty Mutual's most successful commercial is "Electric Unicycle," which is their most popular YouTube channel video with over 15 million views.
- This is partially due to the commercial being controversial and people hate-watching it. For context, there are two versions with a husband and wife on a pier which feature the husband bumping into a railing before he falls off into the water below and starts drowning. The longer one ends with the wife about to throw him a life preserver while the shorter one ends with her only telling him to doggy-paddle. Some feel the commercial incorporates a "man vs woman" theme while others are off-put that the wife doesn't seem to care that much about her husband.