Safeco Posts Higher Quarterly Profit
NU Online News Service, July 28, 1:03 p.m. EDT?Safeco Corp. said today that strong performance by its auto and group stop-loss medical insurance businesses boosted second-quarter income to $111.9 million--a $6.7 million improvement over the results for the period last year.
"We continue to be pleased with our progress. Considering the magnitude of claims from devastating tornadoes and hailstorms, our results show just how much progress we've made," said Mike McGavick, chief executive officer at Safeco.
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