Article ID: c9dc8e0ede1905e6c48a0729d589b5497c60724262be829540e318af86dea439
Source ID: secondary:businessinsurance.com
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URL: https://www.businessinsurance.com/liberty-mutual-reports-profit-sees-soft-commercial-pricing/
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Liberty Mutual reports profit, sees soft commercial pricing - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Liberty Mutual reports profit, sees soft commercial pricing by Gavin Souter Financial Results , P/C Insurers Liberty Mutual Aug 6, 2026 Liberty Mutual said Thursday the commercial insurance market continued to soften during the second quarter, with prices falling in property, property reinsurance and financial lines. Renewal rates in Global Risk Solutions, its commercial and specialty business, declined 2.7% during the first half of the year, executives said during the insurer’s earnings call. Despite the softer market, Global Risk Solutions increased net written premium 3.5% in the second quarter by expanding in credit, non-U.S. casualty and cyber business. “The market is soft and getting softer, driven by abundant capital in both traditional and alternative forms and a light run of recent catastrophe losses,” Vlad Barbalat, president, Global Risk & Capital Solutions and chief investment officer, said on the call. Liberty Mutual reported second-quarter net income of $2.63 billion, up 42.8% from the prior-year period. Second-quarter net written premium declined 1.1% to $11.09 billion, as U.S. Retail Markets, which includes personal lines and small business insurance, net written premium fell 4.1% to $6.63 billion, partly offset by a 3.5% increase in its Global Risk Solutions division to $4.44 billion. Catastrophe losses totaled $455 million, down 43.7% from the prior-year quarter. The insurer’s combined ratio improved to 86.4% from 87.2% a year earlier, with the catastrophe component declining to 4.2 points from 7.3 points. Related News N.Y. court revives injured worker suit, bars employer indemnity claims August 7, 2026 Ohio court upholds permanent disability award for injured respiratory therapist August 7, 2026 Maine high court upholds death benefits for worker’s ex-wife August 7, 2026 Deadline extended for World Captive Forum session proposals August 7, 2026 California court revives insurer’s policy cancellation over payroll audit dispute August 7, 2026 New Jersey’s top court won’t force Zurich to redo motorist cover August 7, 2026 AIG pulling back on underpriced property business as commercial market softens August 7, 2026 Generali delivers $3.4B first-half profit August 7, 2026 Everest sells Mexican unit to Fairfax August 7, 2026 Facebook-f X-twitter Linkedin-in Business Insurance is a singular, authoritative news and information source for executives focused upon risk management, risk transfer and risk financing. Never miss important news: Become a Business Insurance Online subscriber today Subscribe Now Information About Us Contact Advertise Privacy Policy Terms & Conditions Copyright 2026. BUSINESS INSURANCE HOLDINGS Member, Beacon International Group, Ltd.
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