Tuesday, July 31, 2007

UPDATE 1-Safeco second-quarter profit falls 7 percent

(Reuters) - Net income for the Seattle-based company fell to $186.4
million from $199.7 million a year earlier. Profit per share
rose to $1.75 from $1.68 as the number of shares outstanding
decreased.




Excluding investment losses, operating profit fell 14
percent to $175 million, or $1.65 per share. Revenue was little
changed at $1.54 billion, while operating revenue fell to $1.52
billion from $1.54 billion.


Read more at Reuters.com Market News

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