Liberty Financial has taken a "strategic stake" in insurance intermediary ALI Group.A.L.I. Group resells insurance - most of all, mortgage repayment protection - on behalf of Hannover Life Re of Australasia and also QBE.ALI promotes these insurance products through the mortgage broking channel, a neat fit with Liberty, which is equally reliant on this third party channel for new business.LFI, a Liberty group company, "has focused on the motor dealer channel with asset protection [and this] complements the life insurance expertise of ALI," Huy Truong, the ALI Group CEO wrote in a blog post on the company's website.Huy said that since 2003, ALI "has protected more than 175,000 Australian home and property buyers with $48 billion in cover, [while] almost 4,500 brokers protect their clients with ALI."This reach has not proved especially profitable for ALI, though it has traded in the black in recent years."Accumulated losses were A$11.1 million at June 2017, down from near $16 million in 2016.ALI reported a net profit of $11.8 million over the year to June 2017, down from $15.9 million in 2016.