Safeco Declares Regular Dividend and Share Repurchase Increase

November 3, 2006

Safeco has declared a regular dividend of $0.30 per share on its common stock. The dividend is payable Jan. 22, 2007, to shareholders of record on Jan. 5, 2007.

The company also announced that its board of directors has increased the company’s share repurchase authorization to 15 million shares, including shares that remain available for repurchase under previously approved programs. The current authorization is equal to 13.0 percent of shares outstanding at Sept. 30, 2006.

Source: Safeco

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