Safeco Insurance Overview

Industry
Insurance
Revenue
Headquarters
Seattle, WA
Employees
7,200
Founded In
Organization Type
Private
Safeco has been protecting individuals and families with personal insurance coverage since 1923. Safeco Insurance provides high-quality personal insurance products and services through independent agents across the country. They are a Liberty Mutual Insurance company, the fifth-largest property and casualty insurer in the United States.
The staff at Safeco Insurance come from unusually diverse demographic backgrounds. The company is 51.9% female and 34.8% ethnic minorities. Despite its diversity in other areas, Safeco Insurance employees are noticeably lacking in political diversity. It has an unusually high proportion of employees who are members of the Democratic Party, at 71.0%. Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Democratic Party. Safeco Insurance has great employee retention with staff members usually staying with the company for 5.0 years. The average employee at Safeco Insurance makes $58,556 per year. Pay at Safeco Insurance is significantly lower than some of its highest paying competitors, like Morgan Stanley, Piper Jaffray, and Federal Deposit Insurance, which pay $103,933, $73,442, and $71,995, respectively.
Based in Seattle, WA, Safeco Insurance is a key player in the insurance industry with 7,200 employees and an annual revenue of $6.3B.

The Organization’s Mission

We know that trust matters when it comes to some of your biggest investments, like your home, car, and even your boat.
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Average Salary
$58,556 yearly

The Team At Safeco Insurance

Key People

Matthew Nickerson

Hawthorne Dent

Safeco Insurance Rankings

Safeco Insurance is ranked #4 on the Best Insurance Companies to Work For in Washington list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

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Safeco Insurance Salaries

7.7
Salary Score
The national average salary for a Safeco Insurance employee in the United States is $58,556 per year. Employees in the top 10 percent can make over $99,000 per year, while employees at the bottom 10 percent earn less than $34,000 per year.
Average Safeco Insurance Salary
$58,556
yearly
$28.15 hourly
Updated March 16, 2023
Average Employee Earnings

Highest Paying Jobs At Safeco Insurance

RankJob TitleAvg. SalaryHourly Rate
1SQL Database Administrator$107,177$52
2ETL Developer$101,794$49
3Team Manager$99,583$48
4Java Application Developer$97,147$47
5Business Analyst$92,019$44
6Quality Assurance Tester$91,118$44
7Information Technology Analyst$87,635$42
8Claim Specialist$85,642$41
9Personal Lines Underwriter$85,640$41
10Unit Manager$85,069$41
11Sales Professional$83,135$40
12Field Examiner$82,539$40
13Commercial Lines Underwriter$79,344$38
14Sales Agent$75,926$37
15Senior Accountant$73,462$35
16Insurance Agent$69,768$34
17Escrow Officer$62,119$30
18Property Adjuster$61,496$30
19Claim Processor$60,489$29
20Underwriting Technician$60,298$29

Safeco Insurance Diversity

9.8
Diversity Score
We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce.

Safeco Insurance Gender Distribution

Male
Male
48%
Female
Female
52%

Research Summary. Using a database of 30 million profiles, Zippia estimates demographics and statistics for Safeco Insurance. Our estimates are verified against BLS, Census, and current job openings data for accuracy. After extensive research and analysis, Zippia's data science team found that:

  • Safeco Insurance has 7,200 employees.

  • 52% of Safeco Insurance employees are women, while 48% are men.

  • The most common ethnicity at Safeco Insurance is White (65%).

  • 13% of Safeco Insurance employees are Hispanic or Latino.

  • 9% of Safeco Insurance employees are Black or African American.

  • The average employee at Safeco Insurance makes $58,556 per year.

  • Safeco Insurance employees are most likely to be members of the democratic party.

  • On average, employees at Safeco Insurance stay with the company for 5.0 years.

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Safeco Insurance Employee Political Affiliation

Safeco Insurance employees are most likely to be members of the Democratic Party. The largest donation made to a political party by a Safeco Insurance employee was by Shannon Ruckart. Shannon Ruckart donated $5,600 to the Democratic Party.

Safeco Insurance

Parties

Democratic Party

71.4 %
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Republican Party

28.6 %
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Employee Political Donations
NameJob TitlePartyDonation
Shannon RuckartInsurance AdjusterDemocratic Party$5,600
Mike HughesBusiness ConsultantDemocratic Party$2,800
Steve DavisOwnerDemocratic Party$2,750
Michael HughesPresidentDemocratic Party$2,500
Jason FlemmingInsurance AgentRepublican Party$2,500
Juan VargasAttorneyDemocratic Party$2,300
JON DiamondExecutiveDemocratic Party$2,000
Jason NonisActuaryDemocratic Party$1,200
Lawrence StoneOwnerDemocratic Party$1,000
Susan PowellCommercial UnderwriterDemocratic Party$1,000
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Safeco Insurance Employment Videos

Safeco Insurance Financial Performance

9.8
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

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Highest Paying Safeco Insurance Competitors

Competitors of Safeco Insurance include Morgan Stanley, Piper Jaffray, and Federal Deposit Insurance. Employees at Morgan Stanley earn more than most of the competition, with an average yearly salary of $103,933. The salaries at Piper Jaffray average $73,442 per year, and the salaries at Federal Deposit Insurance come in at $71,995 per year.

Frequently Asked Questions about Safeco Insurance

When was Safeco Insurance founded?

Safeco Insurance was founded in 1923.

How many Employees does Safeco Insurance have?

Safeco Insurance has 7,200 employees.

How much money does Safeco Insurance make?

Safeco Insurance generates $6.3B in revenue.

What industry is Safeco Insurance in?

Safeco Insurance is in the insurance industry.

What is Safeco Insurance's mission?

Safeco Insurance's mission statement is "We know that trust matters when it comes to some of your biggest investments, like your home, car, and even your boat."

What type of company is Safeco Insurance?

Safeco Insurance is a private company.

Who are Safeco Insurance's competitors?

Safeco Insurance competitors include Fireman's Fund Insurance Company, Federal Deposit Insurance, Anthem, UnitedHealth Group, Primerica, Morgan Stanley, Aetna, Prudential Retirement Insurance And Annuity Co On Behalf Of Its Separate Account Ssa-4642 Fire, Sentry, Kemper, GEICO, Mercury Insurance, Crawford & Company, The Hanover Insurance Group, Allied Insurance Brokers, Piper Jaffray, CNA Insurance, Amica Insurance, Infinity Insurance, State Farm Insurance Agency.

Who works at Safeco Insurance?

Matthew Nickerson (CEO)

Hawthorne Dent (Founder)

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Zippia gives an in-depth look into the details of Safeco Insurance, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Safeco Insurance. The employee data is based on information from people who have self-reported their past or current employments at Safeco Insurance. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Safeco Insurance. The data presented on this page does not represent the view of Safeco Insurance and its employees or that of Zippia.

Safeco Insurance may also be known as or be related to General Insurance Company, Lloyds Safeco Insurance Company, Safeco, Safeco Corporation, Safeco Insurance and Safeco Insurance Foundation.