Liberty Mutual has maintained its profitability in the first quarter of 2020, despite the impact of the coronavirus pandemic to the insurance group’s investment portfolio.
In the three months ended March 31, net income attributable to Liberty Mutual Holding Company Inc. and its subsidiaries amounted to US$519 million (around CA$728.8 million). The positive result comes even with Liberty Mutual suffering net realized losses of US$247 million (around CA$346.8 million) in the period.
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