Strong product and geographical diversification. Strong multivariate underwriting capability. Competitive loss ratio. Very strong capital strength. Relatively high expense ratio for its business mix. Cyclical underwriting pressures in personal and commercial insurance businesses. High exposure to catastrophe risk on a gross basis. The insurer financial strength ratings on the members of the Safeco Insurance Co. Intercompany Pool (Safeco; see Table 5) reflect the group's strong competitive position, as demonstrated by its top-20 market share in the U.S. property-casualty insurance marketplace. Safeco has competitive personal and commercial insurance products and a large independent agency distribution network. In addition, the company has strong earnings and a very strong capital position. These positive factors are partially offset by a relatively high expense ratio...
Companies mentioned in this report are: Safeco Insurance Co. of America,General Insurance Co. of America,First National Insurance Co. of America,Safeco National Insurance Co.,Safeco Insurance Co. of IL,American Economy Insurance Co.,American States Preferred Insurance Co.,American States Insurance Co.
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Safeco Insurance Co. of America,General Insurance Co. of America,First National Insurance Co. of America,Safeco National Insurance Co.,Safeco Insurance Co. of IL,American Economy Insurance Co.,American States Preferred Insurance Co.,American States Insurance Co.