Liberty Mutual is owned by Liberty Mutual policyholders, since it is an insurance mutual insurance company and its shares are not available to investors in the public market. Among the 10 largest auto insurance companies in the U.S. UU. In 1964, Liberty Mutual Insurance Company began offering life insurance through its Liberty Life Assurance branch.
In the United States, Liberty Mutual is still an investment company in which insured persons holding insurance contracts are considered shareholders of the company. Liberty Mutual settled the lawsuit in December 2001, which required additional disclosure and limited some compensation to company officers and directors. The name was changed in 1917 to Liberty Mutual Insurance Company and, through partnerships, the company began offering full-coverage auto policies. The company, founded in 1912, offers a wide range of insurance products and services, including personal cars, homeowners, workers' compensation, commercial multi-risk insurance, commercial cars, general liability, global specialty, group disability, fire insurance and surety.
Liberty Mutual Group owns, in whole or in part, local insurance companies in Argentina, Brazil, Chile, China (including Hong Kong), Colombia, Ecuador, India, Ireland, Malaysia, Poland, Portugal, Singapore, Spain, Thailand, Turkey, the United Kingdom, Venezuela and Vietnam. Passenger car insurance, homeowners insurance, life insurance, annuities and other property and accident products are available through Liberty Mutual's US Consumer Markets line. Liberty Mutual Insurance announced that it has completed the acquisition of State Auto Group, a superregional property and accident insurance company based in Columbus, Ohio. Taking advantage of the greater flexibility of the structure of mutual holding companies, Liberty Mutual went from being a single-line and highly regional insurer to one of the world's leading property and accident insurance companies.
With the completion of the acquisition, Liberty Mutual also confirmed the appointment of Kim Garland as president of State Auto. The Liberty Mutual Insurance board of directors is a diverse and dynamic collegiate group that oversees the company's vision and direction. Liberty Mutual Group is a diversified global American insurer and the sixth largest property and accident insurer in the United States. Liberty Mutual was founded in 1912 as the Massachusetts Employee Insurance Association (MEIA), following the passage of a Massachusetts law in 1911 that required employers to protect their employees with workers' compensation insurance.
Under the terms of the agreement, the members of State Automobile Mutual Insurance Company became mutual shareholders of Liberty Mutual Holding Company, and Liberty Mutual acquired all of the publicly traded common shares of State Auto Financial Corp. These products carry the Liberty Mutual Insurance and Sfeco brands, and are distributed through a network of more than 2,300 sales professionals. In 2002, the company adopted its current structure of mutual companies, which would allow it to offer shares while remaining an investment company.