Safeco (SAF)

Based in Seattle, WA, Safeco Corporation (SAF) is among the twenty largest property/casualty insurers in the United States, writing net premiums of $5.6 billion in 2007. The company sells its products through independent agents and financial advisors. Geographically, California, Washington, and Texas are the largest premium generators. On August 2, 2004, the company sold its life insurance and annuity business to an investor group led by White Mountains Insurance Group, Ltd., and Berkshire Hathaway Inc. A.M. Best currently has an "A" rating with a positive outlook upon the company.

Safeco Personal Insurance (SPI) 65.1% of 2007 net written premiums -- writes personal, auto, and homeowners insurance.

Safeco Business Insurance (SBI) 27.9% of 2007 net written premiums -- writes commercial multi-peril, commercial auto, business owners' policies, workers compensation, commercial property and general liability policies. Three-quarters of its policies are to small businesses with premiums of less than $100,000 25% are large commercial policies written through SAFECO agents.

Surety 6.9% of 2007 net written premiums offers bonds that provide payment and performance guarantee primarily for construction business and corporate.

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