Liberty Mutual confirms improved 97% combined ratio despite $1.1bn of Q3 cat losses

Published: Thu 7 Nov 2024

Liberty Mutual has reported third quarter earnings including a preannounced combined ratio improvement of 5.9 points to 96.7 percent despite $1.1bn of catastrophe losses in the period, as it also reported a 4.0 points improvement in its underlying combined ratio to 88.1 percent.