Inflation, cat losses push Liberty Mutual to Q2 underwriting loss as CoR jumps to 105%

August 04, 2022

Liberty Mutual reported a 6.9-point deterioration in its headline combined ratio to 105%, driven higher by rising inflation and $1.1bn in catastrophe losses, largely due to major wind and hail events across the Midwest.

Cat losses added 9.5 points to the CoR, up from 6.4 points last year. That was partially offset by reserve releases of $152mn, or 1.3

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