Liberty Mutual has reported web revenue attributable to shareholders of $6.8bn in 2025, a 55% enhance in comparison with $4.38bn within the earlier yr.
Annual income elevated marginally by 0.5% to $50.5bn, whereas web premiums written fell by 3.1% to $43.6bn from $44.9bn final yr.
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The insurer recorded a mixed ratio of 88.4%, down from 95.9% for 2024.
Disaster-related losses over the identical interval dropped by 28.7%, totalling $2.8bn in comparison with $3.9bn in 2024.
Phase outcomes confirmed a 6.4% lower in web premiums written for US Retail Markets (USRM), bringing the determine to $26.5bn, whereas World Threat Options (GRS) noticed a rise of 4.7% to $17.1bn.
For the fourth quarter of 2025 (This fall 2025), Liberty Mutual’s web revenue rose by 37.1% year-on-year (YoY) to $1.7bn, with a mixed ratio of 85%, in comparison with 91.5% in the identical interval of 2024.
Whole income for This fall was up by 4.4%, reaching $12.8bn versus $12.2bn in This fall of the prior yr.
Quarterly disaster losses fell sharply to $30m, down from $234m a yr earlier.
Quarterly web premiums written had been steady at $10.5bn on an annual comparability.
Inside segments for the quarter, USRM web premiums written declined by 4.9% to $6.4bn whereas GRS grew by 9.2% to $4.2bn.
Liberty Mutual chairman and CEO Tim Sweeney commented: “We made measurable progress on underwriting profitability within the fourth quarter, delivering a consolidated mixed ratio of 85.0% and web revenue attributable to LMHC [Liberty Mutual Holding Company] of $1.7bn.
“The 6.5-point enchancment in our mixed ratio for the quarter was supported by beneficial prior-year growth and decrease current-year disaster exercise, whereas the underlying mixed ratio of 91.4% mirrored the affect of investments we’re making to help development initiatives. Funding outcomes, together with $790m of restricted partnerships revenue within the quarter, continued to offer a significant earnings tailwind.”
