Liberty Mutual Q1 2025 Net Income Falls 33% Amid Rising Catastrophe Losses
Liberty Mutual reports $1B Q1 2025 net income, down 33%, impacted by $1.8B catastrophe losses from California wildfires. Underwriting improvements lowered the underlying combined ratio to 81.9. Net written premiums fell in U.S. retail markets but rose 7.5% in Global Risk Solutions.