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Liberty Mutual's Investment Platform Manages $120 Billion

Vlad Barbalat · Investing a $120 Billion Balance Sheet with No Outside Investors · Invest Like The Best · Jun 23, 2026 · at 2:16

Vlad Barbalat, CIO of Liberty Mutual Insurance, describes the size and structure of the company's investment balance sheet.

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“So we are about a hundred and twenty billion dollars in capital.”

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