UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
                      PURSUANT TO SECTION 13 OR 15(d)OF THE
                         SECURITIES EXCHANGE ACT OF 1934
                                    01/19/05
                Date of Report (Date of earliest event reported)

                               SAFECO CORPORATION
               (Exact name of registrant as specified in Charter)

           WASHINGTON               1-6563              91-0742146
         (State or other       (Commission            (IRS Employer
          jurisdiction of       File Number)        Identification No.)
          incorporation)

            Safeco Plaza, Seattle, Washington             98185
        (Address of principal executive officers)      (Zip Code)

                                 (206) 545-5000
              (Registrant's telephone number, including area code)


Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation to the registrant under any of the
following provisions:


|_|  Written  communications  pursuant to Rule 425 under the  Securities Act (17
     CFR 230.425)

|_|  Soliciting  material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)

|_|  Pre-commencement   communications  pursuant  to  Rule  14d-2(b)  under  the
     Exchange Act (17 CFR 240.14d-2(b))

|_|  Pre-commencement   communications  pursuant  to  Rule  13e-4(c)  under  the
     Exchange Act (17 CFR 240.13e-4(c))

Item 2.02. Results of Operations and Financial Condition

On Janurary 19, 2005, Safeco  Corporation  issued a press release announcing its
financial  results for the fourth  quarter 2004, a copy of which is furnished as
Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits

Exhibit 99.1 - Text of press release and supplement dated January 19, 2005.



                                    Signature

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.


                                        SAFECO CORPORATION
                                        ---------------------------------------
                                        Registrant


     Dated:  January 19, 2005           /s/ Maurice S. Hebert
                                        ---------------------------------------
                                        Maurice S. Hebert
                                        Senior Vice President and
                                        Controller