The company, which is owned by Liberty Mutual, said it will use proceeds from the offering to repay a portion of debt.
The Boston, Mass. based company offers commercial and personal property and casualty insurance coverage to small and mid-size businesses and individuals in the United States. It also provides contract and commercial surety bonds.
The company said its revenue rose 50.3 percent to $10.93 billion, helped by a rise in net premiums earned, which was up 44.4 percent to $9.98 billion.
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