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Liberty Mutual acquired Safeco in 2008 for 6.2 Billion Dollars. Since that time, the companies have become more alike than different. The one major difference is that Liberty Mutualâs auto and home products are sold through âexclusive agentsâ whil...
It grew into one of the largest financial services companies in the U.S., offering life insurance, annuities, mutual funds, group insurance and reinsurance. In 1967, it purchased North Atlantic Life Insurance Company of Jericho, NY. In 1977, it acquired Northern Life Insurance Company of Seattle. These companies were unified under the ReliaStar brand in 1995. The company continued to grow through acquisitions, including Pilgrim Funds, a mutual funds business acquired in 1999.