SAFECO Corporation
Industry: Property Casualty Insurance
For the nine months ended 30 September 2005, Safeco Corporation's revenue rose 3% to $4.76B. Net income from continuing operations increased 14% to $500.4M. Revenue relects improved performances in property lines, accurate pricing and catastrophe management. Net income also benefited from lower losses on debt repurchases and less finace cost. The company is engaged in insurance and other finace- related business.
SAFECO Corporation is a property and casualty insurance company. The Company has four business segments: Safeco Personal Insurance, Safeco Business Insurance, Surety and P&C Other. Safeco Personal Insurance offers auto, homeowners and other property and specialty insurance products for individuals. Safeco Business Insurance offers business owner policies, commercial auto, commercial multi-peril packages, commercial property, general liability and workers compensation policies to small and medium-sized businesses. Surety offers bonds that provide payment and performance guarantees primarily for construction businesses and corporations. P&C Other includes large commercial business accounts in runoff and other business and programs that the Company has exited. During the year ended December 31, 2004, SAFECO completed the sale of its Life and Investments business. The Company rolled out Safeco Now, its unified, Web-based, sales-and-service platform.
SAFECO Corporation's rank changes
The company's ranking in 2008 was a decline from 2007 when it was ranked 363rd on the Fortune 500. The Previous ranking was based on its 2007 revenue of $6,290 million (a change of 0 million compared to 2008) and profits of $880 million (a change of -172 million compared to 2008).
Another point of view
To many investors, profits are more important than the revenue a company earns. If the Fortune 500 was ranked by profits instead of revenue then SAFECO Corporation would be ranked 245th rather than 388th due to its profits of $708 in 2008.
| SAFECO Corporation | Revenue* | Profit* | Fortune Ranking |
|---|---|---|---|
| 2008 | 6,209 | 708 | 388 |
| 2007 | 6,290 | 880 | 363 |
| 2006 | 6,351 | 691 | 339 |
* US$ Million
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Address
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SAFECO Corporation
SAFECO Plaza 4333 Brooklyn Avenue NE
Seattle
WA
98185
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SAFECO Corporation
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Contact Details
- Phone: 206-545-5000
- Fax: 206-545-5995
- Website: www.safeco.com
- Stock Symbol: SAFC
SAFECO Corporation is not ranked in this year's Fortune 500