Liberty Mutual released its reported net (loss) income of $427 million and $103 million for the three and nine months ended September 30th, 2015, versus $605 million and $1.261 billion in the same periods in 2014, according to a company press release. This includes $5 million and $14 million of net losses attributable to non-controlling interest. Consolidated net (loss) income for this reporting period was $432 million and $89 million, respectively. David H. Long, Liberty Mutual Insurance Chairman and CEO, stated that the numbers mask the company’s strong operating performance, noting among other factors poor ROI in the energy sector. The combined ratio for the group improved 1.2 points to 95.6 percent.
Read the full release here.