Troubled P&C carrier, SAFECO, is reporting financial results that are 'right on target with our plans for the first quarter, and consistent with our goal to improve performance and create shareholder value,' according to Mike McGavick, president and chief executive officer in a press release yesterday.
'We're starting to see improvements in the underlying performance of our core insurance lines' when adjusted for catastrophic events such as earthquakes, McGavick said. 'Our business plans anticipate financial results will decline in the second quarter, as they've generally done since the acqu...
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