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Based in Seattle, WA, Safeco Corporation (SAF) is among the twenty largest property/casualty insurer in the United States, writing net premiums of $5.6 billion in 2006. 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 imparted an A' rating with a positive outlook upon the company.

Safeco Personal Insurance (SPI) 65.8% of 2006 net written premiums -- writes personal, auto, and homeowners insurance.

Safeco Business Insurance (SBI) 27.1% of 2006 net written premiums -- writes commercial multi-peril, and business owners' 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 5.8% of 2006 net written premiums offers bonds that provide payment and performance guarantee primarily for construction business and corporate.



 SAFECO
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      [edit] References

      1. 1.0 1.1 1.2 1.3 Source: 2006 AXS 10-K pg 45
      2. Source: 2006 AXS 10-K pg 100
      3. Source: 2006 AXS 10-K pg 48
      4. 4.0 4.1 Source: 2006 CINF 10-K pg 94
      5. 5.0 5.1 5.2 5.3 Source: 2006 CINF 10-K pg 28
      6. Source: 2006 CINF 10-K pg 110
      7. Source: 2006 CINF 10-K pg 109
      8. Source: 2006 CINF 10-K pg 19
      9. 9.0 9.1 Source: 2006 CINF 10-K pg 5
      10. Source: 2006 CINF 10-K pg 17
      11. Source 2006 SAF Page F26 Form 10 K
      12. Source 2006 SAF Page F27 Form 10 K
      13. 13.0 13.1 13.2 13.3 Source 2006 SAF Page 24 Form 10 K
      14. 14.0 14.1 14.2 Source : 2006 WTM 10-K pg 45
      15. Source : 2006 WTM 10-K pg F-28 & F-29
      16. 16.0 16.1 Source : 2006 WTM 10-K pg 47
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