M&A Deal Summary

Liberty Mutual Group Acquires Safeco

On April 23, 2008, Liberty Mutual Group acquired insurance company Safeco for 6.2B USD

Acquisition Highlights
  • This is Liberty Mutual Group’s 3rd transaction in the Insurance sector.
  • This is Liberty Mutual Group’s largest (disclosed) transaction.
  • This is Liberty Mutual Group’s 3rd transaction in the United States.
  • This is Liberty Mutual Group’s 1st transaction in Washington.

M&A Deal Summary

Date 2008-04-23
Target Safeco
Sector Insurance
Buyer(s) Liberty Mutual Group
Deal Type Add-on Acquisition
Deal Value 6.2B USD

Target

Safeco

Seattle, Washington, United States
website
Safeco Corporation is a provider of personal insurance products and services to individuals and families.

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Buyer(S) 1

Buyer

Liberty Mutual Group

Boston, Massachusetts, United States

website


Category Company
Founded 1912
Sector Insurance
Employees50,000
DESCRIPTION
Liberty Mutual office in Charlotte, North Carolina.
Liberty Mutual office in Charlotte, North Carolina.

Liberty Mutual Group is an insurance company. Liberty offers a wide range of insurance products and services, including personal automobile, homeowners, accident & health, commercial automobile, general liability, property, surety, workers compensation, group disability, group life, specialty lines, reinsurance, individual life and annuity products. Liberty Mutual was formed in 1912 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 3 of 11
Sector (Insurance) 3 of 11
Type (Add-on Acquisition) 2 of 6
State (Washington) 1 of 1
Country (United States) 3 of 6
Year (2008) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-07 Ohio Casualty

Fairfield,, Ohio, United States

Ohio Casualty Corp, is the holding company of The Ohio Casualty Insurance Co. and five other property and casualty insurance companies, which are referred to under the marketing brand Ohio Casualty Group. Ohio Casualty Group sells personal, commercial and bond insurance products through independent agents and brokers.

Buy $2.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-22 Liberty Mutual Holding - Middle Market Business

United States

Liberty Mutual Holding - Middle Market Business comprises the renewal rights to Liberty Mutual’s middle market commercial property and casualty business.

Sell -