That's one finding from a new national survey released today by Liberty Mutual Group, a Boston-based global insurance company. Specifically, the survey is from Liberty Mutual's Responsibility Project, a company advertising initiative that seeks to showcase personal acts of responsibility.
According to Liberty Mutual, a key finding of its survey is that "men are generally more accepting of social media activities and use social networking sites more than women."
For example, 40 percent of men in the survey said they think it's OK to "friend" a boss or co-worker on Facebook, the social media site, while only 29 percent of women were of that opinion.
Another survey finding: Checking personal e-mail while at work is acceptable, but blogging on company time is deemed irresponsible, as is updating a Facebook page.
Below is a Bloomberg News story from yesterday on Liberty Mutual's earnings.
Liberty Mutual's operating profit falls on reserves
March 2 - Liberty Mutual Group Inc., the fifth-largest US property and casualty insurer, said fourth-quarter operating profit declined 7 percent as the company pulled less from reserves and premium revenue fell.
Operating income of $488 million before taxes declined from $525 million in the same period a year earlier, Boston-based Liberty Mutual said in a statement on its website. Fourth-quarter revenue fell 2.6 percent to $7.94 billion compared with the last three months of 2008.
Liberty Mutual, led by chief executive Edmund "Ted" Kelly, is among commercial insurers facing pressure as corporations cut staff and worksites, reducing demand for coverage. Commercial rates have dropped each quarter since 2004, and fell 5.6 percent in the last three months of 2009, according to the Council of Insurance Agents and Brokers.
"Carriers chased market share in a still weak economy," said Ken A. Crerar, president of the council, in a Jan. 22 statement. "We donít expect to see pricing turn upward until demand picks up and capacity diminishes."
Liberty Mutual, which issues debt and is owned by policyholders, is the third largest US commercial insurer, according to the National Association of Insurance Commissioners.
The company pulled about $210 million from reserves it had set aside to pay claims, compared with $522 million in the last three months of 2008. The results "reflect continued strength of our core businesses in challenging economic and competitive environments," Kelly said in the statement. "We will uphold our commitment to disciplined underwriting and reserving in order to maintain balance sheet strength."
The insurerís fourth-quarter net income rose 2 percent on improved investment results. Realized investment gains of $12 million improved from a loss of $74 million in the prior year. The insurer earned $1.02 billion for all of 2009, an 8.1 percent drop from the year before.