2013-04-09_REPORT - M1980244 ‎(4)‎

• Permit No: M1980244
• IBM Index Class Name: REPORT
• Doc Date: 4/9/2013
• From: CC&V
• To: DRMS
• Permit Index Doc Type: Annual Fee/Report
• Email Name: TC1
• Media Type: D
• Archive: No

Liberty Mutual Holding Company Inc.
Consolidated Statements of Operations
(dollars in millions)
(Unaudited)
Revenues
Premiums earned $ 8,147
Net investment income 755
Fee and other revenues 248
Net realized gains 128
Total revenues 9,278
See accompanying notes to the unaudited consolidated financial statements.
Three Months Ended Nine Months Ended
September 30, September 30,
2012 2011 2012 2011
$ 7,629 $ 23,776 $ 22,232
881 2,449 2,670
216 742 638
41 349 168
8,767 27,316 25,708
Claims, Benefits and Expenses
Benefits, claims and claim adjustment expenses 5,859 6,350 17,576 18,065
Insurance operating costs and expenses 1,592 1,372 4,551 3,930
Amortization of deferred policy acquisition costs 1,065 1,031 3,155 3,053
Interest expense 104 111 314 333
Interest credited to policyholders 61 64 186 184
Total claims, benefits and expenses 8,681 8,928 25,782 25,565
Loss on extinguishment of debt (37) (163) (77)
Income (loss) before income tax expense (benefit) and non - controlling interest 597 (198) 1,371 66
Income tax expense (benefit) 132 (88) 315 (12)
Consohdated net income (loss) 465 (110) 1,056 78
Less: Net income (loss) attributable to non - controlling interest - 2 (7) 5
Net income (loss) attributable to Liberty Mutual Holding Company Inc. $ 465 $ (112) $ 1,063 $ 73
Net Realized Gains
Other -than- temporary impairment losses: 2012 2011 2012 2011
Total other- than - temporary impairment losses $ (15) $ (20) $ (77) $ (44)
Change in portion of loss recognized in other comprehensive income (1) - (5) (7)
Other - than - temporary impairment losses (16) (20) (82) (51)
Other net reahzed gains 144 61 431 219
Net realized gains $ 128 $ 41 $ 349 $ 168