Safeco reported third quarter net income hit $255.7 million, up from $101 million in the comparable year-ago period.
The Seattle-based property-casualty insurer's combined ratio was 88.7 compared to 97.5 in the same period last year. Pretax catastrophe losses came in at $22.5 million compared with $178.1 million in third quarter last year.
Total revenues in the quarter were $1.66 billion compared to $1.59 billion a year ago. Net written premiums decreased 3.8 percent to $1.4 billion.
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