SAFECO Research Published by Fitch

December 19, 2001

Fitch has recently published research covering Seattle-based SAFECO Corporation (SAFECO) and insurance subsidiary, SAFECO Life Insurance Company (SAFECO Life).

The reports, available at www.fitchratings.com, detail Fitch’s rating rationale and expectations for SAFECO’s fixed income ratings, SAFECO Life’s insurer financial strength rating and also a company overview and financial review of operating performance and key fundamentals.

SAFECO has a senior debt rating of “A-” with a Stable Rating Outlook.

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