Liberty Mutual Insurance has increased its shareholding in Liberty General Insurance (LGI) to 74% from 55.40%.

“India remains an important market... [offering] significant opportunity for growth. Increasing shareholding in Liberty General Insurance allows us to further develop the business and bring our global capabilities more directly to the market,” Liberty International Insurance APAC president Matthew Jackson said.

In September 2025, Liberty Mutual had raised its stake from 49% to 55.40% in LGI. A joint venture between Summit Asia Investments Holdings, which is a group company of Liberty Mutual Insurance Group of the the U.S., and Enam Securities, which now holds 26% stake, LGI commenced operations in 2013.

“With stronger backing from Liberty Mutual, we are better positioned to expand distribution footprint and deepen presence across retail and commercial line segments,” Liberty General Insurance CEO Parag Ved said. India presents a unique opportunity with its diversity and growing demand for protection, he said in a release on Monday (May 18, 2026) on Liberty Mutual Insurance raising the stake to 74%.

Globally, Liberty Mutual Insurance Group is a leading property and casualty insurer with $178.2 billion in assets and $50.5 billion in revenues in 2025.

For FY26, the gross direct premium underwritten by the general insurance joint venture in India rose 25% to Rs.2,814.82 crore from Rs.2,246.35 crore in the previous fiscal. LGI’s market share moved up to 0.84% from 0.73% respectively.

India permits 100% foreign direct investment (FDI) in insurance and a notification to this effect was issued recently. The announcement by Liberty Mutual comes close on the heels of Prudential plc agreeing to acquire a 75% stake in Bharti Life Insurance Company from Bharti Life Ventures and 360 ONE Asset Management for an initial cash consideration of ₹3,500 crore ($389 million) payable on completion.