Liberty Mutual Q3 CR down 4.1 points to 103% as GRS benefits from large cat loss drop

Published: Thu 9 Nov 2023

Liberty Mutual saw its Q3 2023 combined ratio improve 4.1 points year on year to 102.6 percent despite its US Retail Markets (USRM) arm taking a heavier hit from catastrophes, while Global Risk Solutions (GRS) recorded a much-improved underwriting performance driven by a substantial cat loss decrease.