Safeco on Tuesday reported third-quarter 2005 net earnings of $101.1 million, or $0.80 per diluted share.
The figure includes estimated after-tax net catastrophe losses of $115.8 million, or $0.91 per diluted share, mostly attributable to Hurricanes Katrina and Rita.
A year ago, Safeco reported a net loss of $101.1 million, or $0.76 per diluted share. This result stemmed from hurricane losses, the loss on the sale of Safeco's Life and Investments business, and the loss on debt repurchases.
Operating earnings from continuing operations for the third quarter of
2005 were $97.8 milli...
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