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SAFECO Corp. Oct 03 Product Image

SAFECO Corp. Oct 03

  • ID: 1823465
  • October 2003
  • Standard & Poors

Abstract
SAFECO's business position is strong--it is the 13th largest property/casualty (P/C) writer in the U.S. The company's strategic focus has improved, beginning with a new management team in 2001. Capitalization is strong, as measured by a Standard & Poor's capital adequacy ratio of 172% as of year-end 2002. The investment strategy has improved and is more conservative than in past years. Operating performance of the P/C insurance operations has been poor, although it has improved. Financial flexibility at the holding company level is adequate. SAFECO's total debt plus preferreds to total capital was 32% for the first six months of 2003, which is within the range expected for the rating. The ratings are based on SAFECO's strong business position as...

Companies mentioned in this report are: Safeco Corp.,General Insurance Co. of America,First National Insurance Co. of America,Safeco National Insurance Co.,Safeco Insurance Co. of IL,Safeco Insurance Co. of America,American Economy Insurance Co.,American States Preferred Insurance Co.,American States Insurance Co.,Symetra Life Insurance Co.,Symetra National Life Insurance Co.,First Symetra National Life Insurance Co. READ MORE >

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Safeco Corp.,General Insurance Co. of America,First National Insurance Co. of America,Safeco National Insurance Co.,Safeco Insurance Co. of IL,Safeco Insurance Co. of America,American Economy Insurance Co.,American States Preferred Insurance Co.,American States Insurance Co.,Symetra Life Insurance Co.,Symetra National Life Insurance Co.,First Symetra National Life Insurance Co. NY

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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