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Liberty Mutual Announces Estimated Preliminary Financial Information

BOSTON, Oct. 28, 2024 /PRNewswire/ -- Liberty Mutual Holding Company, Inc., the parent corporation of the Liberty Mutual Insurance group of entities, today announced (1) certain preliminary estimated financial information in respect of the third quarter of 2024 and (2) its preliminary estimate of certain recent catastrophe losses.

In support of a potential capital markets transaction, Liberty Mutual has elected to announce the following preliminary estimated information for the third quarter of 2024:

Net Written Premium for the three months and nine months ended September 30, 2024, of approximately $12 billion and $34 billion, respectively,

Combined Ratio of approximately 97% for the three months and nine months ended September 30, 2024,

Net Income for the three and nine months ended September 30, 2024 of approximately $900 million and $3 billion, respectively, and

Total equity and equity excluding accumulated other comprehensive income as of September 30, 2024 of approximately $30 billion and $33 billion, respectively.

Estimated losses related to Hurricane Helene, which are reflected in the estimated third quarter information presented above, are approximately $550 million, pre-tax.

Losses related to Hurricane Milton are still developing and will be reflected in the fourth quarter. The current estimate for the event is $250 million - $350 million pre-tax.

These estimated losses are ...