Safeco
1001 4th Ave
Seattle, WA 98154
Parent Company:
Liberty Mutual Group
Date Incorporated:
1923
Stock Ticker:
SAF
Website:
https://customer.safeco.com
Lines of Insurance:
Auto, Homeowners, Small Business The Numbers at a Glance:
9,000 employees
Revenues over $6.2 billion
4.3 million personal and business customers nationwide
Background & History:
The General Insurance Company of America was established in Seattle in 1923 by insurance executive Hawthorne K. Dent who had the idea to create an insurance business that combined the best aspects of a stock and mutual company. Despite initial skepticism, The General Insurance Company of America gained credibility by offering competitive prices and excellent service to its customers.
In the early ‘50s, the company began using computers to revolutionize its business offering selective auto and fire insurance and became known as Selective Auto and Fire Insurance Company of America or, Safeco. Later The General Insurance Company of America was officially renamed The Safeco Corporation. Over the next 40 years, the company added life insurance, mutual funds and commercial lines of credit.
Company Overview:
In 2004, the company sold its life and investments operations and began focusing solely on property and casualty insurance and surety. The company now offers property and casualty insurance products, such as auto and home as well as surety bonds and small- and mid-size business insurance through a national network of independent agents and brokers.
In September 2008, Safeco was acquired by the Liberty Mutual Group, which is now the fifth largest property and casualty insurer in the U.S.
States Served:
States licensed to sell insurance in:
AL, AK, AZ, AR, CA, CO, CT, FL, GA, ID, IL, IN, IA, KS, KY, LA, MD, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
