Why did Liberty Mutual buy Safeco?

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“The acquisition of Safeco by Liberty will provide Liberty with greater personal insurance depth, greater competitive presence in the Western U.S., and greater national scale,” said Standard & Poor’s credit analyst Michael Gross. Apr 23, 2008

Is Liberty Mutual on the stock exchange?

Liberty Mutual, which is not publicly traded but instead owned by its policyholders, is the second-largest Massachusetts-based company based on revenue, behind only General Electric Co. Feb 27, 2018

Are insurance companies publicly traded?

Market Capitalization Not all insurance companies are publicly traded. In fact, many insurers are structured as mutual companies, where policyholders of participating policies are essentially partial owners of the company.

What type of insurance is Liberty Mutual?

About Liberty Mutual Insurance Liberty Mutual Insurance offers a wide range of insurance products and services, including personal automobile, homeowners, workers compensation, property, commercial automobile, general liability, global specialty, group disability, reinsurance and surety.

Is Liberty Mutual a Fortune 100 company?

Company Overview At Liberty Mutual, we believe progress happens when people feel secure. In business since 1912, today we are the sixth largest global property and casualty insurer and rank 71st on the Fortune 100 list of largest corporations in the U.S.