| | Business Summary | | SAFECO
Corporation
owns
operating
subsidiaries
in
segments
of
insurance
and
other
financially
related
businesses.
The
insurance
subsidiaries
engage
in
property
and
casualty,
surety
and
life
insurance,
and
generated
approximately
95%
of
SAFECO's
total
2000
revenues.
SAFECO's
other
operations
include
subsidiaries
involved
in
commercial
lending
and
leasing,
investment
management,
and
insurance
agency
and
financial
services
distribution
operations. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | SAFC
is
a
holding
company
engaged
in
inusrance
and
other
finance
related
businesses.
The
Company's
insurance
subsidiaries
engage
in
property
and
casualty
insurance,
surety
and
life
insurance.
For
the
six
months
ended
6/01,
revenues
fell
<
1%
to
$3.45
billion.
Net
loss
applicable
to
Common
from
continuing
operations
and
before
acct'g
change
totaled
$897.9
million
vs.
an
income
of
$53.2
million.
Results
reflect
lower
premiums
written,
and
a
$1.20
billion
goodwill
write-off
charge. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| William Reed, Jr., 62
Chairman | -- | -- | Michael McGavick, 43
Pres,
CEO | -- | -- | Rodney Pierson, 53
CFO,
Sr. VP and Sec. | $308K | $18K | Randall Talbot, 46
Pres
of SAFECO Life Insurance Companies | 665K | -- | James Ruddy, 51
Sr.
VP and Gen. Counsel | 342K | 13K | | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/s/safc.gif)