Improved UW helps Liberty Mutual operating profits surge 68%

Pre-tax operating profit climbed $269mn to $662mn for the first quarter Combined ratio improved 2.7 points to 96.3% Consolidated net income for Q1 2019 was $671mn, an increase of $22mn or 3.4 percent over the same period in 2018. Net written premium for the first quarter was $9.70bn - a 2.8 percent increase from Q1 2018