Stewardship with Long-Term Impact
Impact by Design
As the steward of Liberty’s capital, LMI balances value creation with risk management to secure Liberty’s promise to be there when our customers need us most. Through our investments, we aim to build enduring businesses, drive economic growth, and generate superior risk-adjusted returns for our business in service of our policyholders. In these ways and more, we use Liberty’s Capital as a Force for Good.
Beyond the challenges we face today, we look ahead to understand emerging issues and trends. We are building deep expertise in long-term opportunities such as energy and infrastructure, using our capital to invest in emerging sectors and collaborating within our industry and with other sectors to address risks.
By investing in new capabilities, fostering innovation, and leveraging technology, we aim to stay ahead of these issues, ensuring that we as a company are prepared to be there for our customers for the long term.
As a mutual company, we have distinct advantages in our ability to invest with a long-term focus. We grow, retain, and compound the capital we generate to reinvest in our business in the interest of our policyholders, regulators, and broader stakeholders over time. Our long-term horizon gives us the flexibility to pursue hard-to-reach investments that have significant impact. Our grounding in insurance also brings a unique understanding of risk, complexity, and economic changes to everything we do.
We take an outcome-focused approach to driving meaningful impact through our investments. We do this by leaning into dynamic and rapidly evolving sectors and by engaging early with world-class partners. Deep expertise across an integrated portfolio allows us to enter emerging sectors and invest opportunistically. Whether advancing renewable energy solutions, improving health and education outcomes, or navigating climate-related risks, our investments reflect a commitment to delivering results that matter.
Investing in the New Jersey Performing Arts Center
The New Jersey Performing Arts Center (NJPAC) in Newark, New Jersey is one of the largest performing arts centers in the U.S. NJPAC sought investment partners to redevelop their 12-acre campus.
LMI participated as both an Aspire tax credit investor and a limited partner. With LMI’s support, NJPAC broke ground on a $336 million redevelopment of its campus that will bring hundreds of new residences, shops, restaurants, outdoor gathering spaces, and an education and community center to Newark
By the Numbers
$ 900M
Invested in low-income housing tax credits27
$ 140M
More than invested with innovative firms28
9000
Project and units of housing supported by our capital27
Investing in Affordable Housing and Inclusive Finance
Capital that Expands Access
One of the pillars of our Impact Investing strategy is expanding access to essential services, and one of our key focus areas is providing capital to support the development and preservation of affordable housing. Over the past three years, we have committed to purchase over $900 million27 in low-income housing tax credits and invested over $165 million as direct project equity28. Our capital supports projects in 20+ states27 and over 9,000 units of housing27. LMI has additionally invested more than $140 million28 with innovative firms employing novel approaches aimed at solving several evolving social challenges such as improving access to and quality of education, providing products and services to disabled individuals, and scaling microfinance product offerings.