Safety Insurance Group, Inc.
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- 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.
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?
Safety Insurance: Improving Combined Ratio Makes Story Appealing Again (Rating Upgrade)
Safety Insurance Group (NASDAQ:SAFT) Major Shareholder Sells $900,121.32 in Stock
Safety Insurance Group, Inc. Announces Fourth Quarter and Year Ended 2025 Results
Safety Insurance Group, Inc. Declares First Quarter 2026 Dividend and Timing of Year-End 2025 Results
Short Interest in Safety Insurance Group, Inc. (NASDAQ:SAFT) Rises By 46.7%
Cwm LLC Buys 7,865 Shares of Safety Insurance Group, Inc. $SAFT
Ensign Peak Advisors Inc Decreases Stock Position in Safety Insurance Group, Inc. $SAFT
Safety Insurance Group, Inc. $SAFT Shares Acquired by Creative Planning
Connor Clark & Lunn Investment Management Ltd. Boosts Stock Position in Safety Insurance Group, Inc. $SAFT
Safety Insurance: A Juicy Dividend Hiding A Mediocre Business
High Potential In Low Vol? These Dividends Up To 8.6% Payers Think So
Safety Insurance Group, Inc. Announces Third Quarter 2025 Results and Declares Fourth Quarter 2025 Dividend
Safety Insurance Group: Profitability Increases Fast
Safety Insurance Group, Inc. Announces First Quarter 2025 Results and Declares Second Quarter 2025 Dividend
Safety Insurance Group, Inc. Announces Fourth Quarter and Year Ended 2024 Results
Safety Insurance Group, Inc. Announces Third Quarter 2024 Results and Declares Fourth Quarter 2024 Dividend
Safety Insurance Group, Inc. (NASDAQ:SAFT) Position Lessened by Amalgamated Bank