Liberty Mutual’s net income rises 55% for FY’25 amid lower cat losses
Global property and casualty insurer Liberty Mutual Holding Company Inc. (LMHC) reported full-year 2025 net income increased 55% to $6.8 billion, compared with $4.4 billion in fiscal 2024, and the combined ratio improved to 88.4% compared with 95.9% in fiscal 2024. Net income increased 37.1% to $1.7 billion in the fourth quarter of 2025, compared…