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Safety Insurance Group, Inc. - SAFT STOCK NEWS

Welcome to our dedicated news page for Safety Insurance Group (Ticker: SAFT), a resource for investors and traders seeking the latest updates and insights on Safety Insurance Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Safety Insurance Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Safety Insurance Group's position in the market.

Rhea-AI Summary
Safety Insurance Group, Inc. (SAFT) reported fourth quarter and year ended 2023 results with record top-line growth. Despite positive revenue trends, inflationary impacts led to an elevated loss ratio in the Private Passenger Automobile segment. Net income decreased, but direct written premiums and exposure count growth improved. Safety remains committed to underwriting discipline and rate adequacy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.02%
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Rhea-AI Summary
Safety Insurance Group, Inc. (SAFT) announces a $0.90 per share quarterly cash dividend for shareholders, with plans to release fourth quarter and year-end 2023 results and hold its Annual Meeting of Shareholders in May 2024.
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Rhea-AI Sentiment
End-of-Day
0.4%
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dividends earnings
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Rhea-AI Summary
Safety Insurance Group, Inc. (NASDAQ:SAFT) reported its third quarter 2023 results. Net income for the quarter was $1.9 million, compared to $6.2 million in the same period last year. Net written premiums increased by 22.2% to $251.1 million. The company achieved policy count growth across all lines of business, with increases in average written premium per policy. Losses and loss adjustment expenses incurred increased by 30.6% due to current market conditions and weather events. The expense ratio decreased primarily due to a decrease in contingent commission expenses.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.33%
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dividends earnings
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Rhea-AI Sentiment
End-of-Day
1.73%
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dividends earnings
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Rhea-AI Sentiment
End-of-Day
-1.06%
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dividends
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Rhea-AI Summary
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Rhea-AI Sentiment
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0.1%
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Rhea-AI Sentiment
End-of-Day
-7.83%
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Rhea-AI Sentiment
End-of-Day
-0.07%
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dividends
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.89%
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dividends
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.57%
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Safety Insurance Group, Inc.

Nasdaq:SAFT

SAFT Rankings

SAFT Stock Data

1.16B
14.10M
1.72%
83.27%
0.96%
Direct Property and Casualty Insurance Carriers
Finance and Insurance
Link
US
Boston

About SAFT

"the key to our success: service."​ "the key to our customers'​ success: safety."​ safety insurance was founded in 1979 with a belief that we would succeed as a company if customers were given the best possible service. as we've grown and expanded our product line to include a full range of property and casualty insurance products, staying committed to that belief has meant even more. at safety, we distribute our products exclusively through independent agents and we do everything in our power to make it easy for our agents and policyholders to do business with us. today, safety is the third largest private passenger automobile carrier, the third largest commercial automobile carrier, and the seventh largest homeowners carrier in massachusetts. we also have a growing presence in the new hampshire marketplace with personal and business products. together with our agents and partners, safety insurance remains a preferred provider of auto, homeowner and business insurance. we will continu