Safety Insurance Group, Inc. provides private passenger and commercial automobile, and homeowner insurance in the United States. The company's private passenger automobile policies offer coverage for bodily injury and property damage to others, no-fault personal injury coverage for the insured/insured's car occupants, and physical damage coverage for an insured's own vehicle for collision or other perils. It also provides commercial automobile policies that offer insurance for commercial vehicles used for business purposes, including private passenger-type vehicles, trucks, tractors and trailers, insure individual vehicles, and commercial fleets; and homeowners policies, which provide coverage for homes, condominiums, and apartments for losses to a dwelling and its contents from various perils, and coverage for liability to others arising from ownership or occupancy. In addition, the company offers business owners policies that cover apartments and residential condominiums, restaurants, office condominiums, processing and services businesses, special trade contractors, and wholesalers. Further, it provides personal umbrella policies, which provide personal excess liability coverage over and above the limits of individual automobile, watercraft, and homeowner's insurance policies; and commercial umbrella policies, as well as underwrites dwelling fire insurance for non-owner-occupied residences. Additionally, the company offers inland marine coverage for homeowners and business owner policies, and watercraft coverage for small and medium sized pleasure crafts. It distributes its products through independent agents. The company was formerly known as Safety Holdings Inc and changed its name to Safety Insurance Group, Inc. in April 2002. Safety Insurance Group, Inc. was founded in 1979 and is based in Boston, Massachusetts.
IPO Year: 2002
Exchange: NASDAQ
Website: safetyinsurance.com
Notes that Company Has Made Significant Changes as a Result of Ides' Engagement and Announces Withdrawal of Director Nominees Urges New Directors John Farina and Deborah Gray to Immediately Set a Tone of Enhanced Governance, Independence and Stakeholder and Shareholder Advocacy in the Boardroom Highlights Need for Additional ESG, Operational and Strategic Improvements at the Company Ides Will Continue to Monitor Safety's Progress and Will Not Hesitate to Consider Any and All Steps to Improve Shareholder Value Going Forward Ides Capital Management, LP (together with its affiliates, "Ides") is a New York-based investment advisor that engages with corporate boards and management teams to d
Two New Independent Directors Enhance Extensive Insurance, Finance, Data Privacy and Security, Legal, and Governance Expertise on the Board To File Preliminary Proxy Statement That Includes Proposals to Further Enhance Shareholder Rights Safety Insurance Group, Inc. (NASDAQ:SAFT) ("Safety" or the "Company") announced today the appointments of John D. Farina and Deborah E. Gray to its Board of Directors, effective immediately and several governance enhancements for which the Board will solicit support in advance of the upcoming annual meeting of stockholders (the "Annual Meeting"). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20
Disappointed that Board Has Refused to Engage Privately Around Stock Price Underperformance, ESG and Sustainability Deficiencies, and Subpar Capital Allocation Believes Company's Recently Announced and Reactive Share Buyback Falls Well Short of What Shareholders Deserve and Safety Could Undertake Highlights How Company Has Failed to Sufficiently Address Numerous Areas of Concern that Ides Has Raised Will Continue to Take Steps to Protect Best Interests of All Shareholders – Including the Election of Ides' Two Highly Qualified and Fully Independent Director Nominees – While Remaining Open to Constructive Engagement Ides Capital Management LP ("Ides Capital"), a shareholder of Safety Insu
Safety Insurance Group, Inc. (NASDAQ:SAFT) ("Safety" or "Company") announced today its latest measures as part of its ongoing board refreshment and corporate governance enhancement plan being implemented by Safety's Board of Directors: Increasing the size of the board from six to seven members, Continuation of our board refreshment and corporate governance enhancement plan with an ongoing search for highly qualified director nominees, Appointment of a lead independent director, Appointment of a new chair to the Nominating and Governance Committee, and Adoption of three-year term limits for the chairperson role of the key board committees. Mary C. Moran, incoming chair of the Nom
4 - SAFETY INSURANCE GROUP INC (0001172052) (Issuer)
4 - SAFETY INSURANCE GROUP INC (0001172052) (Issuer)
4 - SAFETY INSURANCE GROUP INC (0001172052) (Issuer)
4 - SAFETY INSURANCE GROUP INC (0001172052) (Issuer)
4 - SAFETY INSURANCE GROUP INC (0001172052) (Issuer)
4 - SAFETY INSURANCE GROUP INC (0001172052) (Issuer)
4 - SAFETY INSURANCE GROUP INC (0001172052) (Issuer)
4 - SAFETY INSURANCE GROUP INC (0001172052) (Issuer)
4 - SAFETY INSURANCE GROUP INC (0001172052) (Issuer)
4 - SAFETY INSURANCE GROUP INC (0001172052) (Issuer)
SC 13G/A - SAFETY INSURANCE GROUP INC (0001172052) (Subject)
SC 13G/A - SAFETY INSURANCE GROUP INC (0001172052) (Subject)
SC 13G - SAFETY INSURANCE GROUP INC (0001172052) (Subject)
SC 13G/A - SAFETY INSURANCE GROUP INC (0001172052) (Subject)
SC 13G/A - SAFETY INSURANCE GROUP INC (0001172052) (Subject)
SC 13G/A - SAFETY INSURANCE GROUP INC (0001172052) (Subject)
SC 13G/A - SAFETY INSURANCE GROUP INC (0001172052) (Subject)
SC 13G - SAFETY INSURANCE GROUP INC (0001172052) (Subject)
SC 13G - SAFETY INSURANCE GROUP INC (0001172052) (Subject)
SC 13G/A - SAFETY INSURANCE GROUP INC (0001172052) (Subject)
10-Q - SAFETY INSURANCE GROUP INC (0001172052) (Filer)
8-K - SAFETY INSURANCE GROUP INC (0001172052) (Filer)
SCHEDULE 13G/A - SAFETY INSURANCE GROUP INC (0001172052) (Subject)
DEF 14A - SAFETY INSURANCE GROUP INC (0001172052) (Filer)
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10-K - SAFETY INSURANCE GROUP INC (0001172052) (Filer)
8-K - SAFETY INSURANCE GROUP INC (0001172052) (Filer)
SCHEDULE 13G/A - SAFETY INSURANCE GROUP INC (0001172052) (Subject)
10-Q - SAFETY INSURANCE GROUP INC (0001172052) (Filer)
SCHEDULE 13G - SAFETY INSURANCE GROUP INC (0001172052) (Subject)
Safety Insurance Group, Inc. (NASDAQ:SAFT) ("the Company" or "Safety") today reported first quarter 2025 results. George M. Murphy, Chairman of the Board of Directors, President and Chief Executive Officer, commented: "Safety's first quarter combined ratio in 2025 improved to 99.4% compared to 101.9% in the first quarter of 2024. The year-over-year change reflects the impact of our prior year growth in direct written premiums earning into top-line results and improvements in our private passenger automobile loss ratio. Positive trends in other revenue lines resulted in strong earnings per share of $1.48 per share and a $22.2 million increase in total shareholders' equity." Net income for
Safety Insurance Group, Inc. (NASDAQ:SAFT) ("Safety" or the "Company") today reported fourth quarter and year ended 2024 results. George M. Murphy, Chairman of the Board of Directors, President and Chief Executive Officer, commented: "For the year ended December 31, 2024, Safety Insurance continued to achieve significant direct written premium growth, which increased 20.4% over the prior year, driving our top-line revenue above $1 billion dollars for the first time in the Company's history. Our strong top-line growth was a result of an 8.5% increase in overall policy counts and a 10.9% increase in average premium per policy, blended across all lines of business. Along with the increased p
The Board of Directors of Safety Insurance Group, Inc. (NASDAQ:SAFT) today approved a $0.90 per share quarterly cash dividend on its issued and outstanding common stock payable on March 14, 2025 to shareholders of record at the close of business on March 3, 2025. Safety plans to announce its fourth quarter and year-end 2024 results on February 25, 2025, with its Annual Report on Form 10-K to be filed with the U.S. Securities and Exchange Commission no later than February 28, 2025. Safety also plans to hold its 2025 Annual Meeting of Shareholders in Boston, Massachusetts, on May 14, 2025 at 10:00 a.m. About Safety: Safety Insurance Group, Inc. is the parent of Safety Insurance Company, Saf
Safety Insurance Group, Inc. (NASDAQ:SAFT) ("Safety" or the "Company") today reported third quarter 2024 results. George M. Murphy, Chairman of the Board of Directors, President and Chief Executive Officer, commented: "The direct written premium growth that Safety has experienced is impacting our top-line revenue, which increased by 21.9% for the nine months ended September 30, 2024 over the prior year. We continue to see increased policy counts and premium rate actions that are earning into our results and contributing to improvements in our loss ratios. While private passenger automobile loss severity trends remain higher than historical averages, we are seeing moderation during the curr
Safety Insurance Group, Inc. (NASDAQ:SAFT) ("Safety" or the "Company") today reported second quarter 2024 results. George M. Murphy, Chairman of the Board of Directors, President and Chief Executive Officer, commented: "We are seeing the financial impact of both ongoing rate increases and growth in policy counts with net earned premium increasing by 22.1% for the second quarter of 2024 compared to 2023. However, the growth in policy counts combined with ongoing inflationary trends in the Private Passenger Automobile book of business has resulted in an increase in current year loss experience compared to second quarter of 2023." "For the quarter ended June 30, 2024, our combined ratio is
AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of "a+" (Excellent) of Safety Insurance Company, Safety Indemnity Insurance Company, Safety Property and Casualty Insurance Company and Safety Northeast Insurance Company. Collectively, these companies are referred to as Safety Group (Safety). The outlook of the FSR is stable. At the same time, AM Best has revised the outlook to negative from stable and affirmed the Long-Term ICR of "bbb+" (Good) of Safety Insurance Group, Inc. (Delaware) (NASDAQ:SAFT), the publicly traded parent of Safety. Al
Safety Insurance Group, Inc. (NASDAQ:SAFT) ("the Company" or "Safety") today reported first quarter 2024 results. George M. Murphy, Chairman of the Board of Directors, President and Chief Executive Officer, commented: "We are beginning to see the financial impact of our prior year growth with net earned premium increasing for the quarter by 23.1%. As a result, our first quarter combined ratio in 2024 improved to 101.9% compared to 118.5% in the first quarter of 2023, which was impacted by a Winter Freeze event. While severity trends in our Private Passenger Automobile book of business are showing signs of stabilization, the losses and loss adjustment expenses in 2024 are still being impac
Safety Insurance Group, Inc. (NASDAQ:SAFT) ("Safety" or the "Company") today reported fourth quarter and year ended 2023 results. George M. Murphy, Chairman of the Board of Directors, President and Chief Executive Officer, commented: "2023 saw Safety Insurance post record top-line growth as Direct Written Premiums increased by 20.4% as a result of a 10.2% increase in overall policy counts and a 10.9% increase in average premium per policy, blended across all lines of business. While Safety achieved positive trends in all major revenue streams, ongoing inflationary impacts contributed to an elevated loss ratio specific to our Private Passenger Automobile book of business. For the year ende
The Board of Directors of Safety Insurance Group, Inc. (NASDAQ:SAFT) today approved a $0.90 per share quarterly cash dividend on its issued and outstanding common stock payable on March 15, 2024 to shareholders of record at the close of business on March 1, 2024. Safety plans to announce its fourth quarter and year-end 2023 results on February 27, 2024, with its Annual Report on Form 10-K to be filed with the U.S. Securities and Exchange Commission no later than February 29, 2024. Safety also plans to hold its 2024 Annual Meeting of Shareholders in Boston, Massachusetts, on May 15, 2024 at 10:00 a.m. About Safety: Safety Insurance Group, Inc. is the parent of Safety Insurance Company, S
Safety Insurance Group, Inc. (NASDAQ:SAFT) ("Safety" or the "Company") today reported third quarter 2023 results. George M. Murphy, President and Chief Executive Officer, commented: "The third quarter financial results continue to be impacted by the inflationary pressures on our Private Passenger Automobile book of business. Safety's third quarter combined ratio of 104.8% also includes an increased amount of Private Passenger Automobile losses resulting from multiple flooding events and a wind event that impacted our Homeowners book of business. We continue to see strong growth in our Net Written Premiums which increased by 22.2% and 19.2% for the three and nine months ended September 30,
Safety Insurance Group, Inc. (NASDAQ:SAFT) ("the Company" or "Safety") today reported first quarter 2025 results. George M. Murphy, Chairman of the Board of Directors, President and Chief Executive Officer, commented: "Safety's first quarter combined ratio in 2025 improved to 99.4% compared to 101.9% in the first quarter of 2024. The year-over-year change reflects the impact of our prior year growth in direct written premiums earning into top-line results and improvements in our private passenger automobile loss ratio. Positive trends in other revenue lines resulted in strong earnings per share of $1.48 per share and a $22.2 million increase in total shareholders' equity." Net income for
Safety Insurance Group, Inc. (NASDAQ:SAFT) ("Safety" or the "Company") today reported fourth quarter and year ended 2024 results. George M. Murphy, Chairman of the Board of Directors, President and Chief Executive Officer, commented: "For the year ended December 31, 2024, Safety Insurance continued to achieve significant direct written premium growth, which increased 20.4% over the prior year, driving our top-line revenue above $1 billion dollars for the first time in the Company's history. Our strong top-line growth was a result of an 8.5% increase in overall policy counts and a 10.9% increase in average premium per policy, blended across all lines of business. Along with the increased p
The Board of Directors of Safety Insurance Group, Inc. (NASDAQ:SAFT) today approved a $0.90 per share quarterly cash dividend on its issued and outstanding common stock payable on March 14, 2025 to shareholders of record at the close of business on March 3, 2025. Safety plans to announce its fourth quarter and year-end 2024 results on February 25, 2025, with its Annual Report on Form 10-K to be filed with the U.S. Securities and Exchange Commission no later than February 28, 2025. Safety also plans to hold its 2025 Annual Meeting of Shareholders in Boston, Massachusetts, on May 14, 2025 at 10:00 a.m. About Safety: Safety Insurance Group, Inc. is the parent of Safety Insurance Company, Saf
Safety Insurance Group, Inc. (NASDAQ:SAFT) ("Safety" or the "Company") today reported third quarter 2024 results. George M. Murphy, Chairman of the Board of Directors, President and Chief Executive Officer, commented: "The direct written premium growth that Safety has experienced is impacting our top-line revenue, which increased by 21.9% for the nine months ended September 30, 2024 over the prior year. We continue to see increased policy counts and premium rate actions that are earning into our results and contributing to improvements in our loss ratios. While private passenger automobile loss severity trends remain higher than historical averages, we are seeing moderation during the curr
Safety Insurance Group, Inc. (NASDAQ:SAFT) ("Safety" or the "Company") today reported second quarter 2024 results. George M. Murphy, Chairman of the Board of Directors, President and Chief Executive Officer, commented: "We are seeing the financial impact of both ongoing rate increases and growth in policy counts with net earned premium increasing by 22.1% for the second quarter of 2024 compared to 2023. However, the growth in policy counts combined with ongoing inflationary trends in the Private Passenger Automobile book of business has resulted in an increase in current year loss experience compared to second quarter of 2023." "For the quarter ended June 30, 2024, our combined ratio is
AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of "a+" (Excellent) of Safety Insurance Company, Safety Indemnity Insurance Company, Safety Property and Casualty Insurance Company and Safety Northeast Insurance Company. Collectively, these companies are referred to as Safety Group (Safety). The outlook of the FSR is stable. At the same time, AM Best has revised the outlook to negative from stable and affirmed the Long-Term ICR of "bbb+" (Good) of Safety Insurance Group, Inc. (Delaware) (NASDAQ:SAFT), the publicly traded parent of Safety. Al
Safety Insurance Group, Inc. (NASDAQ:SAFT) ("the Company" or "Safety") today reported first quarter 2024 results. George M. Murphy, Chairman of the Board of Directors, President and Chief Executive Officer, commented: "We are beginning to see the financial impact of our prior year growth with net earned premium increasing for the quarter by 23.1%. As a result, our first quarter combined ratio in 2024 improved to 101.9% compared to 118.5% in the first quarter of 2023, which was impacted by a Winter Freeze event. While severity trends in our Private Passenger Automobile book of business are showing signs of stabilization, the losses and loss adjustment expenses in 2024 are still being impac
Safety Insurance Group, Inc. (NASDAQ:SAFT) ("Safety" or the "Company") today reported fourth quarter and year ended 2023 results. George M. Murphy, Chairman of the Board of Directors, President and Chief Executive Officer, commented: "2023 saw Safety Insurance post record top-line growth as Direct Written Premiums increased by 20.4% as a result of a 10.2% increase in overall policy counts and a 10.9% increase in average premium per policy, blended across all lines of business. While Safety achieved positive trends in all major revenue streams, ongoing inflationary impacts contributed to an elevated loss ratio specific to our Private Passenger Automobile book of business. For the year ende
The Board of Directors of Safety Insurance Group, Inc. (NASDAQ:SAFT) today approved a $0.90 per share quarterly cash dividend on its issued and outstanding common stock payable on March 15, 2024 to shareholders of record at the close of business on March 1, 2024. Safety plans to announce its fourth quarter and year-end 2023 results on February 27, 2024, with its Annual Report on Form 10-K to be filed with the U.S. Securities and Exchange Commission no later than February 29, 2024. Safety also plans to hold its 2024 Annual Meeting of Shareholders in Boston, Massachusetts, on May 15, 2024 at 10:00 a.m. About Safety: Safety Insurance Group, Inc. is the parent of Safety Insurance Company, S
Safety Insurance Group, Inc. (NASDAQ:SAFT) ("Safety" or the "Company") today reported third quarter 2023 results. George M. Murphy, President and Chief Executive Officer, commented: "The third quarter financial results continue to be impacted by the inflationary pressures on our Private Passenger Automobile book of business. Safety's third quarter combined ratio of 104.8% also includes an increased amount of Private Passenger Automobile losses resulting from multiple flooding events and a wind event that impacted our Homeowners book of business. We continue to see strong growth in our Net Written Premiums which increased by 22.2% and 19.2% for the three and nine months ended September 30,
4 - SAFETY INSURANCE GROUP INC (0001172052) (Issuer)