Safeco - Ownership and Business Overview

InsuranceCompany

Safeco Ownership

Who owns Safeco?

Safeco is owned by Liberty Mutual Group. It was acquired on April 23, 2008.

Safeco Business Overview

Where is Safeco headquartered?

Safeco is headquartered in Seattle, Washington.

How many employees does Safeco have?

Safeco has 7,057 employees.

What sector is Safeco in?

Safeco is an insurance company.

When was Safeco founded?

Safeco was founded in 1923.

Insurance M&A Summary in 2008

Out of 60 sectors in the Mergr database, insurance ranked 11 in number of deals in 2008. The largest insurance acquisition in 2008 was Safeco - which was acquired by Liberty Mutual Group for $6.2B.

Join Mergr to view all 151 acquisitions of insurance companies in 2008, including 16 acquisitions by private equity firms, and 135 by strategics.

Safeco Corp.

Safeco Plaza 1001 4th Avenue,
Seattle, Washington 98185
United States,
(206) 545-5000
www.safeco.com

Safeco Corporation is a provider of personal insurance products and services to individuals and families.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # - - - - - - 0
Sell (0.0/yr) # 2 - - - - - 2
vol $1.4B $1.4B
  2

Most Recent M&A

Company Date Value Type
Safeco Financial Institution Solutions, Inc. 2006-05-01 - Divestiture
Santa Ana, California
Safeco Life & Investments Business 2004-03-15 1.4B USD Divestiture
Redmond,, Washington
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Insurance - - 2 (100%) 1.4B (100%)
Total - - 2 $1.4B

By Geo

State/Country Buy Value Sell Value
United States - - 2 1.4B
  Washington - - 1 1.4B
  California - - 1 -
Total - - 2 $1.4B

Deal Values

sell # Total
> $1B 1 $1.4B
TOTAL $1.4B
Largest Safeco Life & Investments Business
$1.4B (2004-03-15)

M&A Connections

Deals
Divested to
Strategic(s)
100%
2 (100%)

Company Summary

SECTOR

Insurance

Employees

7,057

Established

1923

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