Safeco Insurance

Company Profile: Safeco® was founded in Seattle, Washington, in 1923 by Hawthorne K. Dent as the General Insurance Company of America, as a property and casualty insurer. This name is still used by Safeco on some of its insurance products. Safeco Insurance, is now a member of Liberty Mutual Group, but remains national U.S. insurance company.

Safeco® has been protecting individuals and families with personal insurance coverage since its foundation 1923. When it comes to some of your biggest investments, like your home, car or maybe even your boat, they know that trust matters. From the smallest fender-bender to a storm-damaged home, standing ready at life’s trying moments. Safeco is here for you at any time and any day of the week.

Safeco® promises to make it easy for you, to provide the coverage you need, to connect you with local agents who offer personal advice, and – most of all –  to be there for you. With a comprehensive range of insurance coverage and expert advice from local independent agents, they make it simple to protect what’s important to you and easy to get the best mix of coverage and pricing. The financial strength of Liberty Mutual Insurance Company, their parent company, combined with a national network of local independent agents, has enabled Safeco to focus exclusively on personal insurance. They offer a comprehensive mix of coverage, pricing and personalized service to individuals and families looking to protect their homes, autos and more.
milestones:
  • 1923 – Founded as General Insurance Company of America.
  • 1953 – Creates Selective Fire Ensurance Company of America - SAFECO.
  • 1960 – Begins to offer Mutual Funds and Commercial Lines.
  • 1997 – Acquires American States Financial Corporation.
  • 2002 – Retuned to roots of competitive pricing and disciplined underwriting.
  • 2004 – Sells Life and Investments Division to Berkshire Hathaway.
  • 2008 – Acquired by Liberty Mutual Insurance Company for $6.2 billion.
Financial Stability:
  • Safeco® is a Liberty Mutual Insurance Company.
    • Liberty Mutual Insurance Company has financial strength ratings of A (Excellent) from the A.M. Best Company, A2 (Good) from Moody’s Investors Service, and A-(Strong) from Standard & Poor’s.
  • 2018 Direct Written Premiums more than $34.6 billion.

Employee, Customer and Community Oriented:​
Safeco® is proud to help communities through corporate philanthropy and to help make a difference in the communities they serve. Their giving programs strive to support communities through grants, meaningful sponsorships, direct employee involvement, and contributions.
  • Safeco Insurance Fund – Opportunity, Security, and Accessibility - Established in 2006, the Safeco Insurance Fund, a fund within the Liberty Mutual Foundation, supports nonprofit organizations within the state of Washington.
    • Their grants program focuses on:
      • Educational opportunity for underprivileged youth.
      • Ensuring security through life-saving basic services to homeless men, women and children.
      • Promoting accessibility for individuals of all abilities.
    • Organizations must demonstrate:
      • Clearly defined goals and expectations.
      • Solid financials.
      • Strong board and staff.
      • Thoughtful strategic plans and budgets.
  • Serve with Liberty - Safeco employees join forces with their colleagues from Liberty Mutual to provide their time in a global employee service program called Serve with Liberty. Safeco encourages employees to select from hundreds of volunteer events happening in their area. Activities have included feeding the hungry, sprucing up public parks, planting gardens and building new homes.
  • Give with Liberty - Safeco employees across the country take an active role in supporting our communities by contributing to nonprofit organizations during this annual giving campaign.
  • Independent Agents and Community Involvement - Independent insurance agents give back to their communities, too. Learn how Safeco supports their commitment to volunteering, sharing, and giving.
Company Highlights:
Safeco® knows that trust matters when it comes to some of your biggest investments, like your home, car, and even your boat. From the smallest fender-bender to a storm-damaged home, they are standing ready at life’s trying moments - here for you at any time, at any day of the week. Safeco promises to make it easy for you, to provide the coverage you need, to connect you with local agents who offer personal advice, and most important of all - to be there for you when you need us most.
Safeco® partners with local independent agents who live and work in your community. You get personal recommendations tailored specifically to your unique insurance needs and enjoy the fast and comprehensive service you deserve.

  • Along with offering the best combination of value and protection, independent agents work to improve the lives of those around them:
    • They build stronger communities. Agents are business owners, but above all, they are members of the community. Many of them make an impact by sharing their time and resources with local nonprofit organizations. Safeco Insurance is proud to recognize these independent agencies and amplify their charitable efforts with three community giving programs.
      1. Make More Happen Awards
      2. Protecting What Matters
      3. Make More Happen Days
    • They build long-term relationships. Three out of four people use an agent to buy insurance, according to a recent survey, and many of them stay with the same agency for years. When you work with a local insurance agency, you deal with people you know — and people who know you.
  • With Liberty Mutual® INSURANCE as its parent company, Safeco® has been able to concentrate exclusively on personal insurance and has always taken a personal approach to coverage, tailoring service and coverage options to the needs of individuals rather than selling cookie-cutter plans.
​Industry Rankings:
  • Safeco is a Liberty Mutual Insurance company.
  • Liberty Mutual® INSURANCE is a diversified insurer and the 3 th largest property and casualty insurer in the U.S. based on 2018 direct written premium data as reported by the National Association of Insurance Commissioners.
  • Ranked 75th on the Fortune 500 list of largest U.S. Corporations, based on 2018 revenue.
  • 3 rd largest writer of Homeowners Insurance coverage in the United States per the NAIC.
  • 6 th largest writer of Private Passenger Auto Insurance coverage in the United States per the NAIC.
  • 11 th largest writer of Medical Professional Liability coverage in the United States per the NAIC.
  • 7 th largest writer of Workers’ Compensation coverage in the United States per the NAIC.
  • 5 th largest writer of Commercial Liability coverage in the United States per the NAIC.
  • 3 rd largest writer of Commercial Auto coverage in the United States per the NAIC.
  • Liberty Mutual Insurance Invitational™, is the #1 Charity Event in Golf™.
www.safeco.com
(425) 681-0996
8195 166th Ave Ne, #201
Redmond, WA 98052
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