Safeco, while growing in some areas, is trailing competitors, an analyst said after the insurer reported first-quarter net income decreased 19 percent.
The Seattle-based carrier reported first-quarter profits of $182.5 million compared with $208 million for the same period in 2006.
Chief Executive Officer Paula Rosput Reynolds said the results provide “visibility and validity to our transformation efforts.”
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
