Liberty Mutual Insurance Overview
Company Profile
Liberty Mutual is a 90-year-old multi-national corporation supplying dependable insurance coverage to its policyholders. The number of employees at Liberty Mutual Insurance has crossed the 39,000 mark and it owns more than 900 offices around the world.
The corporate mission of Liberty Mutual is, “helping people live safer, more secure lives”, an objective which the company has lived with for the last nine decades.
Financial Strength
Financially, Liberty Mutual Insurance is a healthy concern and one of the top ranking corporations with whom the consumer can deposit their money without fear. As on the last day of 2005, Liberty Mutual’s finances were like this: in consolidated revenue it had $21.2 billion and in total assets it had $78.8 Billion.
Corporate Ratings
Most of the insurance and financial rating agencies put the viability of Liberty Mutual’s finances at a high. A.M.Best and Company awards the corporation at an ‘Excellent’ A. Information on the AM Best rating system and how it is determined)Standard and Poor’s rates Mutual at A. Moody’s awards an A2 Good) rank to Liberty Mutuals, putting the company in league with some of the better providers in the market.
Awards
Liberty Mutual Insurance has received a number of important awards over the years. It was the first insurance company to receive National Safety Council’s Green Cross for Safety Medal. This award honors organizations and their leaders for outstanding achievements in safety, health, community service and responsible citizenship.
As a program participant since 1994 at INROADS and one of its Top Ten Corporate Sponsors, Liberty Mutual Insurance received the Corporate Plus Award for Long Term Commitment to INROADS. The insurance company has hosted more than 125 INROADS interns in its organization in 2005.
As an American employer who providing exceptional support to “Citizen Soldiers” in the National Guard and Reserve programs, Liberty Mutual Insurance received the Patriot Award and Secretary of Defense Employer Support Freedom Award. As a business with top ethical priorities and practices, the company has received the Better Business Bureau’s Local Torch Award for Excellence.
Corporate Policy
Liberty Mutual follows existing social values highly. The company believes in integrity and treats all people associated with it with dignity and respect. Liberty Mutual expects to build long-term relationships with their customers through this mutually earned respect. Liberty Mutual Insurance aspires to provide consumers consistently with superior quality products and affordable insurance.
Diversity
Liberty Mutual gives importance to diversity in their operations. As a growing insurance and financial company, Liberty Mutual has to deal with people from every culture and background. Without proper understanding of diversity, it is impossible to run such an organization. Therefore, the company’s own environment, work force and business partners come from different backgrounds.
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