Liberty Mutual Reports $320 Million Net Loss in 2Q
Boston, MA (WorkersCompensation.com) – What a difference a year makes. Liberty Mutual Holdings Co.’s reported $320 million net loss for the second quarter of the year is quite different from the $397 million profit the company reported in the same period last year.
The company blames significant impacts of COVID-19, economic downturn and above average catastrophe losses.
“Incurred losses for COVID-19 amounted to $529 million in the quarter, with roughly half of these losses ...
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