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SAFECO Corp. (SAF) is in the Financial Services Industry

Revenue
Dec 31 2007
$6.2B
Profit
Dec 31 2007
$707.8M
Market Cap
Jul 23 2008
$5.8B

Latest News and Analysis

Additional Resources

  • ISS Recommends Vote for Acquisition of Safeco by Liberty Mutual

    SEATTLE -- Safeco Corporation (NYSE:SAF), today announced that ISS Governance Services ISS has published its report recommending that Safeco shareholders vote "FOR" the proposal to approve the agreement and plan of merger previously agreed to between Safeco and Liberty Mutual Insurance Company at Safeco's Annual Meeting of Shareholders to be...

    Articles 2008-07-16

  • BellwetherReport.com Analyst Report on AU, SAF, PSA and MPG

    BellwetherReport.com is the leading onlinefinancial newsletter for investors seeking top independent and unbiasedresearch. Investors seeking free and unbiased analyst opinions on thecompanies mentioned in this release are encouraged to sign up to www.bellwetherreport.com for a free subscription to access these reports.Today, we have once again scheduled interviews with a...

    Articles 2008-07-15

  • Liberty Mutual and Safeco Report Transaction Continues on Schedule for Closing

    BOSTON & SEATTLE -- Liberty Mutual Group ("Liberty Mutual") and Safeco Corporation (NYSE: SAF) ("Safeco") announced that Liberty Mutual reaffirms its commitment to consummate its previously announced acquisition of Safeco by the end of the third quarter of 2008, subject to receipt of Safeco shareholder approval and applicable regulatory approvals....

    Articles 2008-07-15

  • Liberty Mutual and Safeco Announce Expiration of HSR Waiting Period

    BOSTON & SEATTLE -- Liberty Mutual Group ("Liberty Mutual") and Safeco Corporation (NYSE:SAF) ("Safeco") today announced that the waiting period under the Hart Scott Rodino Antitrust Improvements Act of 1976 for Liberty Mutual's proposed acquisition of Safeco has expired. The expiration of the waiting period satisfies a condition to the...

    Articles 2008-06-03

  • TEAMING UP

    Liberty Mutual will acquire Safeco In its latest move to expand its national network of regional carriers, the Liberty Mutual Group in late April announced a definitive agreement to acquire Safeco Corporation in a transaction valued at approximately $6.2 billion. Upon completion of the transaction, which...

    Articles 2008-06-01

  • A.M. Best Assigns Debt Rating to Liberty Mutual Group, Inc.'s Junior Subordinated Debentures

    OLDWICK, N.J. -- A.M. Best Co. has assigned a debt rating of "bb+" to the forthcoming issuance of $1.25 billion Series C 10.75% junior subordinated debentures of Liberty Mutual Group, Inc. LMGI (Boston, MA). The debentures have a scheduled maturity of 50 years. The anticipated settlement date is May 29,...

    Articles 2008-05-23

  • Key Technology Appoints Gary Locke, Former Governor of Washington State, to Board of Directors

    Key Technology, Inc. (NASDAQ: KTEC)announced today the appointment of former Washington State Governor Gary F.Locke to serve as an independent Director of the Company effectiveSeptember 8, 2008. Locke served as Governor of the State of Washington from 1997 to 2005.Upon leaving office, he joined the Seattle office of the international...

    Articles 2008-05-08

  • Liberty Mutual Group to Acquire Safeco Corporation For $68.25 Cash Per Share

    Liberty Mutual Group Will Become Fifth Largest U.S. Property and Casualty Insurer Based on Combined 2007 Direct Written Premium of $26.2 Billion BOSTON & SEATTLE -- Liberty Mutual Group ("Liberty Mutual") and Safeco Corporation ("Safeco") (NYSE: SAF) today announced that they have entered into a definitive agreement pursuant...

    Articles 2008-04-23

  • Fitch Places Safeco on Rating Watch Negative Following Acquisition Announcement

    NEW YORK -- Fitch Ratings has placed its ratings on Safeco Corporation SAF on Rating Watch Negative following today's announcement that Liberty Mutual Group LMG has offered to purchase all outstanding common shares of SAF for $6.2 billion of cash, or an approximate 51% premium over yesterday's closing stock price...

    Articles 2008-04-23

  • A.M. Best Comments on Pending Acquisition of Safeco Corporation by Liberty Mutual Holding Company, Inc

    OLDWICK, N.J. -- A.M. Best Co. has commented that the ratings of Liberty Mutual Insurance Companies Liberty Mutual and its members remain unchanged following today's announcement that Liberty Mutual Group, Inc LMGI, through its operating subsidiaries, will be acquiring Safeco Corporation Safeco (Seattle, WA) (NYSE: SAF). The outlook for Liberty...

    Articles 2008-04-23

  • A.M. Best Places Issuer Credit and Debt Ratings of Safeco Insurance Companies under Review with Negative Implications

    OLDWICK, N.J. -- A.M. Best Co. has placed the issuer credit ratings ICR of "a+" of Safeco Insurance Companies Safeco and its members under review with negative implications. A.M. Best also has placed the ICR of "bbb+" and debt ratings of "bbb+" of Safeco Corporation (NYSE: SAF) under review with...

    Articles 2008-04-23

  • Upromise Investments Names Mark Chapleau President

    NEWTON, Mass. -- Upromise Investments, Inc. today announced that Mark Chapleau has been named President. Mr. Chapleau has been part of the senior management team since 2002. "Upromise Investments has quickly grown into the leader in the 529 industry," said Mr. Chapleau. "It's a privilege to lead this...

    Articles 2008-04-04

  • Comprehensive Analysis of Safeco Corporation Including an Overview of the Personal and Business Insurance Industry.

    M2 PRESSWIRE-31 January 2008-Research and Markets: Comprehensive Analysis of Safeco Corporation Including an Overview of the Personal and Business Insurance IndustryC1994-2008 M2 COMMUNICATIONS LTD RDATE:31012008 Dublin - Research and Markets (http://www.researchandmarkets.com/reports/c81357) has announced the addition of "Analysis of...

    Articles 2008-01-31

  • Research and Markets: Comprehensive Analysis of Safeco Corporation Including an Overview of the Personal and Business Insurance Industry

    DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c81354) has announced the addition of "Analysis of Safeco Corporation" to their offering. We present Analysis of Safeco Corporation. A complete and comprehensive analysis of Safeco Corporation, includes an overview of the industry the company operates in, a PEST Framework Analysis of...

    Articles 2008-01-31

  • Incorporated: 1929
  • CEO: Ms. Paula Rosput Reynolds

Safeco sells property and casualty insurance to drivers, homeowners and owners of small- and mid-sized businesses through independent agents. Co. has four business segments which include: Safeco Personal Insurance, which provides auto, property and specialty insurance products for individuals; Safeco Business Insurance, which provides business owner policies, commercial auto, commercial multi-peril, workers' compensation, commercial property and general liability policies; Surety, which provides surety bonds primarily for construction and commercial businesses; and Property and Casualty Other, which includes assumed reinsurance and commercial business accounts in runoff.

Key Competitors

SAFECO Corp. Company Info

Board of Directors

Mr. Joseph W. Brown

Non-Executive Chairman

Mr. Robert S. Cline

Mr. John S. Hamlin

Ms. Paula Rosput Reynolds

Mr. Kerry K. Killinger

Mr. Gary F. Locke

Mr. Charles R. Rinehart

Mr. Gerardo Lopez

Mr. Joshua Green III

Mr. Peter L.S. Currie

Mr. William G. Reed Jr.

Ms. Judith M. Runstad

Contact Information

Safeco Plaza

Seattle, WA

http://www.safeco.com/ir

206 545-5000

NAICS Code

Direct Property and Casualty Insurance Carriers: 524126