Safeco Quarterly Income Rises Sharply
NU Online News Service, April 20, 4:10 p.m. EDT?Safeco Corp. reported today that its first-quarter net income rose to $236.2 million?up sharply from $90 million reported during the year-ago period?helped by higher underwriting profits.[@@]
Safeco's chief executive Mike McGavick said his company is very pleased with its first quarter. He commented the results took hard work and focus, especially given the efforts required for the transaction involving the sale of Safeco's Life & Investments business.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
