Safeco Corp. expects to report an operating loss of 5 cents to 10 cents per share for the fourth quarter, falling well short of analysts’ predictions of a profit of 19 cents per share. The Seattle company’s weather claims could reach $18 million, and its surety operation reserved a $5 million loss as a result of the late December bankruptcy declaration of a customer the company had bonded.
Topics Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
Cost of Howden-Driven Talent War Rises to $31M for Brown & Brown 
Liberty Mutual Says Safeco Brand Is Officially Retired 
Allstate Q1 Net Income Skyrockets on Underwriting Gains 
Commercial Lines Rates Continue to Soften, Says Ivans Index 
