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Safety Insurance Group Inc. reports recurring developments in property and casualty insurance across Massachusetts, New Hampshire and Maine. The company writes private passenger automobile, commercial automobile, homeowners, dwelling fire, umbrella and business owner policies through insurance subsidiaries including Safety Insurance Company, Safety Indemnity Insurance Company and Safety Property and Casualty Insurance Company.
News about SAFT centers on quarterly and annual results, underwriting measures such as combined ratio and loss ratios, premium and policy-count trends, property claims from severe weather, investment portfolio effects on book value, cash dividends, share repurchases and annual meeting timing.
Safety Insurance Group (NASDAQ:SAFT) reported second quarter 2026 net income of $34.5 million, or $2.36 per diluted share, up from $28.9 million, or $1.95, a year earlier. The Q2 combined ratio improved to 95.7% from 98.1%, supported by higher net earned premiums and underwriting/pricing actions.
For the first six months of 2026, net income was $20.2 million ($1.38 per diluted share) versus $50.8 million ($3.43) in 2025, reflecting severe winter weather losses and a six‑month combined ratio of 104.5%. Book value per share declined to $59.70 from $60.98 at year‑end 2025.
On July 23, 2026, Safety agreed to be acquired by an affiliate of Mapfre S.A. in an all‑cash transaction valued at approximately $1.54 billion. Shareholders are to receive $105 per share, a 44% premium to the July 23, 2026 stock price. The board also declared a $0.92 quarterly cash dividend, payable September 15, 2026 to shareholders of record on September 1, 2026.
Safety Insurance Group (NASDAQ:SAFT) entered into a definitive merger agreement under which an affiliate of Mapfre S.A. will acquire Safety in an all‑cash transaction valued at approximately $1.54 billion. Safety shareholders are expected to receive $105 in cash per share, representing a 44% premium to Safety’s stock price as of July 23, 2026.
The transaction was unanimously approved by Safety’s board and approved by Mapfre’s board and is expected to close in the first quarter of 2027, subject to customary closing conditions and regulatory approvals, including prior approval from the Massachusetts Commissioner of Insurance and expiration or termination of applicable Hart‑Scott‑Rodino waiting periods. A subsidiary of Mapfre U.S.A. Corp. will merge with and into Safety, after which Safety will become a wholly owned subsidiary of Mapfre U.S.A. Corp., continuing to operate under the Safety brand. Safety plans to file a proxy statement with the SEC for a special stockholder meeting to seek approval of the proposed transaction.
Safety Insurance Group (NASDAQ:SAFT) reported a Q1 2026 net loss of $14.3 million (loss of $0.99 per diluted share) and non-GAAP operating loss of $0.72 per diluted share. Severe winter storms produced >1,600 property claims and $42.7 million of damage, adding 14.6 points to a combined ratio of 113.4%. Net earned premiums rose 6.7% to $291.0 million. Book value per share fell to $58.28 at March 31, 2026. The Board declared a $0.92 quarterly dividend payable June 12, 2026 to shareholders of record June 1, 2026.
Safety Insurance Group (NASDAQ:SAFT) reported full-year 2025 results with a combined ratio of 99.0% vs. 101.1% in 2024 and improved earnings per share to $6.72 year-over-year. Book value per share rose to $60.98. The company repurchased $20 million of stock in Q4 and declared a $0.92 quarterly dividend payable March 13, 2026.
Net earned premiums increased 12.7% to $1,139.0 million; net investment income rose 12.6% to $62.7 million; losses increased 11.2% driven by higher policy counts and inflation in auto.
Safety Insurance Group (NASDAQ:SAFT) declared a $0.92 per-share quarterly cash dividend payable March 13, 2026 to shareholders of record March 2, 2026. The company will release fourth-quarter and year-end 2025 results on February 25, 2026 and file its Form 10-K by February 27, 2026.
Safety also set its 2026 Annual Meeting for May 13, 2026 in Boston and reiterated routine forward-looking risk disclosures.
Safety Insurance Group (NASDAQ:SAFT) reported third quarter 2025 results and declared a $0.92 per share quarterly cash dividend payable December 15, 2025 to holders of record December 1, 2025. For Q3 2025, net income was $28.3M or $1.91 diluted EPS; net earned premium rose 12.5% to $291.0M. Combined ratio improved to 98.9% from 100.7% year-over-year. Book value per share increased 8.2% to $60.40 for the nine months ended September 30, 2025. Net investment income benefited from higher rates with a portfolio yield of 4.0%. The board plans to recommence share repurchases with $44.76M remaining under the prior $200M authorization.
Safety Insurance Group (NASDAQ:SAFT) reported strong Q2 2025 results, with net income of $28.9 million ($1.95 per diluted share), up from $16.6 million in Q2 2024. The company's combined ratio improved to 98.1% from 99.9% year-over-year.
Key highlights include a 14.2% increase in net earned premiums to $282.1 million, driven by rate increases and new business growth. Direct written premiums rose 9.6% to $345.8 million. The Board approved a dividend increase from $0.90 to $0.92 per share, payable September 15, 2025.
The company achieved policy count growth across all business lines, with book value per share increasing to $58.63 from $55.83 at year-end 2024. Net investment income grew 16.5% to $15.7 million, benefiting from higher interest rates.
Safety Insurance Group (NASDAQ:SAFT) reported strong performance for Q4 and full-year 2024, achieving record direct written premiums exceeding $1 billion. The company experienced a 20.4% increase in direct written premiums driven by 8.5% growth in policy counts and 10.9% increase in average premium per policy across all lines.
Key financial highlights include: net income of $70.7 million ($4.78 per diluted share) for 2024, up from $18.9 million in 2023; improved combined ratio of 101.1% versus 107.7% in 2023; and book value increase of 8.4% to $55.83 per share. The company maintained quarterly dividends at $0.90 per share.
Notable growth metrics include: 10.0% increase in Private Passenger Automobile policies, 4.5% in Commercial Automobile, and 8.7% in Homeowners lines. Average written premiums per policy rose by 14.1%, 10.7%, and 8.9% respectively in these segments.
Safety Insurance Group (NASDAQ:SAFT) has announced a quarterly cash dividend of $0.90 per share, payable on March 14, 2025, to shareholders of record as of March 3, 2025. The company will release its fourth quarter and year-end 2024 results on February 25, 2025, with its Annual Report on Form 10-K to be filed by February 28, 2025.
The company operates exclusively in Massachusetts, New Hampshire, and Maine as a leading writer of property and casualty insurance products, including private passenger automobile, commercial automobile, homeowners, dwelling fire, umbrella, and business owner policies. Safety Insurance has scheduled its 2025 Annual Meeting of Shareholders for May 14, 2025, at 10:00 a.m. in Boston, Massachusetts.