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Liberty Mutual Responds to S&P's Rating Downgrade to 'A-'
National News • September 26, 2008
Boston-based Liberty Mutual Group is not pleased by Standard & Poor's announcement that it was lowering the Company's financial strength rating from 'A' to 'A-' with a stable outlook, following ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: Winning Friends and Influencing People | Dennis | Oct 6, 2008, 2:01 pm |
| Winning Friends and Influencing People | Smooth Talker | Oct 2, 2008, 1:29 pm |
| Speaking of mergers | speak-king | Oct 2, 2008, 4:17 am |
| posted from AP | watcher | Oct 1, 2008, 5:01 am |
| SEVERAL MORE | more, more, more | Oct 1, 2008, 4:58 am |
| RE: raise forthcoming? | Sep 29, 2008, 4:48 pm |
|
| RE: I remember when.............. | Peon Agent | Sep 29, 2008, 3:09 pm |
| RE: RE: Boo-Hoo | Peon Agent | Sep 29, 2008, 2:56 pm |
| RE: RE: Rating Reduction | Reality Bites | Sep 29, 2008, 2:28 pm |
| RE: RE: RE: Liberty Downgrade... A telling sign of things to | WA Agent | Sep 29, 2008, 2:28 pm |
| Ahead of the curve | LOng Term Agent | Sep 29, 2008, 2:12 pm |
| I remember when.............. | Former Safeco Employee | Sep 29, 2008, 1:33 pm |
| raise forthcoming? | curious george | Sep 29, 2008, 1:08 pm |
| RE: RE: Liberty Downgrade... A telling sign of things to com | Insurance Bear | Sep 29, 2008, 1:07 pm |
| RE: Liberty Downgrade... A telling sign of things to come??? | DC | Sep 29, 2008, 1:01 pm |
| RE: Liberty Downgrade... A telling sign of things to come??? | tom | Sep 29, 2008, 1:01 pm |
| Liberty Downgrade... A telling sign of things to come??? | Leaving Liberty | Sep 29, 2008, 12:51 pm |
| What a Shock!!!! | Gregorevich Drinks | Sep 29, 2008, 12:39 pm |
| RE: Rating Reduction | DC | Sep 29, 2008, 12:34 pm |
| RE: Insurance Egg Head - Big Turtle | pone master | Sep 29, 2008, 11:23 am |
| Insurance Egg Head - Big Turtle | Sep 29, 2008, 8:32 am |
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| Liberty is just one of many with big problems. | Liberty Lover | Sep 26, 2008, 4:13 pm |
| Rating Reduction | Liberty Policyholder | Sep 26, 2008, 2:21 pm |
| LIBERTY WAKE UP ! | Watcher | Sep 26, 2008, 2:13 pm |
| RE: Boo-Hoo | Big Turtle | Sep 26, 2008, 2:13 pm |
| Boo-Hoo | 2ndamendmentmomma | Sep 26, 2008, 1:42 pm |
| Back to article | ||
Subject: posted from AP
The company said it is making "modest revisions" to its full-year outlook as a consequence of recent events, including the economy's decline. It said it will disclose more specifics at an investor conference later this week and at investor meetings next week.
Full-year investment income is now expected to decline more than 10 percent from 2007, the company said.
President and CEO Kenneth Stecher also said in the statement that continued pressure on the economy and insurance prices is weighing on its property and casualty business. He said the company's earlier estimate that full-year 2008 premiums would decline no more than 5 percent now appears overly optimistic, although he did not provide a new estimate.