SAFECO (SAF)

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Top Contributors Eric Rothmann www.zacks.com

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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	Select All  |  Select None Companies Progressive (PGR) Allstate (ALL) Loews (LTR) American Physicians Capital (ACAP) Affirmative Insurance Holdings (AFFM) American Financial Group (AFG) AmCOMP (AMCP) AMERISAFE (AMSF) Allianz SE (AZ) Commerce Group (CGI) Cincinnati Financial (CINF) CNA Financial (CNA) Donegal Group (DGICB) Employers Holdings (EIG) First Mercury Financial (FMR) GAINSCO (GAN) Hallmark Financial Services (HALL) Hartford Financial Services Group (HIG) Horace Mann Educators (HMN) Infinity Property and Casualty (IPCC) Kingsway Financial Services (KFS) Meadowbrook Insurance Group (MIG) Markel (MKL) ProCentury (PROS) RLI (RLI) Safety Insurance Group (SAFT) SeaBright Insurance Holdings (SEAB) Selective Insurance Group (SIGI) State Auto Financial (STFC) Specialty Underwriters' Alliance (SUAI) American International Group (AIG) SAFECO (SAF) Chubb (CB) Alfa (ALFA) Allied World Assurance Company Holdings (AWH) American Safety Insurance Holdings (ASI) Arch Capital Group (ACGL) Argonaut Group (AGII) Aspen Insurance Holdings (AHL) Axis Capital Holdings (AXS) Baldwin & Lyons (BWINB) CRM Holdings (CRMH) Darwin Professional Underwriters (DR) EMC Insurance Group (EMCI) Endurance Specialty Holdings (ENH) Enstar Group (ESGR) Everest Re Group (RE) Harleysville Group (HGIC) HCC Insurance Holdings (HCC) James River Group (JRVR) Max Capital Group (MXGL) Mercer Insurance Group (MIGP) Mercury General (MCY) Midland Company (MLAN) Montpelier RE Holdings (MRH) National Atlantic Holdings (NAHC) National Interstate (NATL) Navigators Group (NAVG) National Security Group (NSEC) North Pointe Holdings (NPTE) Nymagic (NYM) Quanta Capital Holdings (QNTA) RenaissanceRe Holdings (RNR) RTW (RTWI) Converium Holding AG (CHR) W.R. Berkley (BER) The Hanover Insurance Group (THG) XL CAPITAL LIMITED (XL) 21st Century Holding Company (TCHC) Zenith National Insurance (ZNT) Ace (ACE) White Mountains Insurance Group (WTM) Cancel

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Company	Data From	Gross Premiums	Premiums Ceded	Investment Income	Combined Ratio	Loss Ratio	Net Income
Axis Capital Holdings (AXS)	2006	$3.61B	($620M)	$407M	77.3%	52.9%	$963M
Cincinnati Financial (CINF)	2006	$3.21B	($202M)	$570M	94.3%	51.9%	$930M
CNA Financial (CNA)	2006	$10.2B	$2.52B	$2.41B	109%	78.7%	$1.11B
SAFECO (SAF)	2006	$5.84B	($43.6M)	$509M	87.3%	47.2%	$880M
White Mountains Insurance Group (WTM)	2006	$4.31B	($469M)	$436M	96%	61%	$673M

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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