Safety Insurance Group, Inc.
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- George Michael Murphy
- Full Time Employees
- 568
- Sector
- Financial Services
- Industry
- Insurance - Property & Casualty
- Address
- 20 Custom House Street Boston MA United States of America 02110
- IPO Date
- Nov 22, 2002
- CIK
- 0001172052
- Website
- safetyinsurance.com
- Similar Companies
- Business
- Safety Insurance Group, Inc. (NASDAQ:SAFT) provides private passenger automobile, commercial automobile, homeowners, dwelling fire, umbrella, and business owner property and casualty insurance policies primarily through independent agents. Core products and services include private passenger automobile policies covering bodily injury, property damage, no-fault personal injury, and physical damage from collisions or other perils; commercial automobile policies for business vehicles; homeowners policies protecting dwellings, contents, and liability from various perils; dwelling fire policies for non-owner-occupied properties; umbrella policies offering excess liability coverage; and business owner policies tailored for small and medium-sized commercial accounts such as apartments, condominiums, mercantile establishments, offices, processing and service businesses, special trade contractors, and wholesaling operations. The company operates in Massachusetts, with personal insurance products extended to New Hampshire since 2008 and recently to Maine. Founded in 1979 and headquartered in Boston, Massachusetts, Safety Insurance focuses on the property and casualty insurance segment, serving individual and small business customers in the Northeastern United States. In recent developments, the company achieved direct written premium growth of 20.4% for the year ended December 31, 2024, surpassing $1 billion in top-line revenue for the first time, driven by an 8.5% increase in policy counts and 10.9% higher average premiums across lines, alongside a combined ratio improvement to 101.1% from 107.7% . Net earned premiums rose 12.5% in the third quarter of 2025 compared to the prior year, reflecting pricing strategy and underwriting discipline, with quarterly earnings per share reaching $1.91. The board raised dividends multiple times, including to $0.92 per share payable in September 2025, and affirmed an "A" (Excellent) financial strength rating from A.M. Best in 2025, underscoring operational resilience amid moderating loss severity trends. Earlier, in 2022, Safety announced its intent to acquire Northeast/Metrowest to bolster its independent agency channel and revenue platform, aligning with strategic growth in agent partnerships.
Company News
Canada Pension Plan Investment Board Acquires New Shares in Safety Insurance Group, Inc. $SAFT
BlackRock Inc. Acquires Shares of 2,289,410 Safety Insurance Group, Inc. $SAFT
Safety Insurance Group, Inc. Announces Second Quarter 2026 Results and Declares Third Quarter 2026 Dividend
Are CBZ, SAFT, NEUP, TCBK Obtaining Fair Deals for their Shareholders?
Arrowstreet Capital Limited Partnership Purchases 21,018 Shares of Safety Insurance Group, Inc. $SAFT
The M&A Class Action Firm Encourages $hareholders To Contact Monteverde Concerning The Merger—NRIM, NEUP, SAFT, and RMAX
Are CBZ, SAFT, NEUP Obtaining Fair Deals for their Shareholders?
Halper Sadeh LLC is Investigating Whether FBRX and SAFT are Obtaining Fair Deals for their Shareholders
Safety Insurance Group Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Safety Insurance Group Inc. - SAFT
$HAREHOLDER ALERT: The M&A Class Action Firm Launches Legal Inquiry for the Merger—PBCO, NEUP, SAFT, and PFLC
Safety Insurance Group (NASDAQ:SAFT) Sets New 1-Year High – Should You Buy?
$HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Safety Insurance Group Inc. (NASDAQ: SAFT)
$HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Safety Insurance Group Inc. (NASDAQ: SAFT)
SAFT Stock Alert: Halper Sadeh LLC is Investigating Whether Safety Insurance Group Inc. is Obtaining a Fair Price for its Shareholders
Shareholder Alert: Ademi LLP investigates whether Safety Insurance Group, Inc. is obtaining a Fair Price for Public Shareholders
Shareholder Alert: Ademi LLP investigates whether Safety Insurance Group, Inc. is obtaining a Fair Price for Public Shareholders
Safety Insurance Group, Inc. Enters Into Merger Agreement With Mapfre for $1.54 Billion
Safety Insurance Group, Inc. (SAFT) Shareholder/Analyst Call Prepared Remarks Transcript
Safety Insurance Group, Inc. Announces First Quarter 2026 Results and Declares Second Quarter 2026 Dividend
Safety Insurance Group (NASDAQ:SAFT) Shares Cross Above Two Hundred Day Moving Average – What’s Next?