Safeco Posts Higher Quarterly Profit
NU Online News Service, July 28, 1:03 p.m.EDT?Safeco Corp. said today that strong performance by itsauto and group stop-loss medical insurance businesses boostedsecond-quarter income to $111.9 million--a $6.7 million improvementover the results for the period last year.
"We continue to be pleased with our progress. Considering themagnitude of claims from devastating tornadoes and hailstorms, ourresults show just how much progress we've made," said MikeMcGavick, chief executive officer at Safeco.
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