Safeco Corporation

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Learn About Safeco Corporation & Other Prominent Auto Insurance Carriers

Safeco Corporation provides a variety of insurance types across the United States. Read more about Safeco and compare it to other auto insurance companies operating in your part of the country.

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Safeco Corporation is an insurance and investment company that operates in the United States on a nationwide basis in two principal businesses: property and casualty insurance (P&C), including surety, and life insurance and asset management (L&I). P&C provides auto insurance and homeowners insurance to individuals, commercial insurance for small- and medium-sized businesses and surety bonds. L&I provides individual life and group medical insurance, retirement services, annuities, mutual funds and investment advisory services.

In an ongoing effort to position the Company for future profitability and growth, Safeco announced a strategic decision in September 2003 to focus more fully on its P&C businesses and pursue the sale of its L&I operations. The Company intends to use a portion of the proceeds to reduce its debt to a level appropriate for its new size following the sale, and then assess whether to retain any amount to support its business growth.

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