SAFT - Dividend announcements

Safety Insurance Group, Inc. (NASDAQ:SAFT) ("Safety" or the "Company") today reported fourth quarter and year ended 2025 results. George M. Murphy, Chairman of the Board of Directors, President and Chief Executive Officer, commented: "In 2025, Safety achieved a combined ratio of 99.0% for the year ended December 31, 2025, compared to 101.1% from the prior year. The year-over-year improvement in combined ratio reflects the impact of our prior year growth in policy counts and rate increases earning into top-line results. Our improved underwriting results, coupled with favorable results in other revenue lines, positively impacted earnings per share, which improved to $6.72 for the year ended

The Board of Directors of Safety Insurance Group, Inc. (NASDAQ:SAFT) today approved a $0.92 per share quarterly cash dividend on its issued and outstanding common stock payable on March 13, 2026 to shareholders of record at the close of business on March 2, 2026. Safety plans to announce its fourth quarter and year-end 2025 results on February 25, 2026, with its Annual Report on Form 10-K to be filed with the U.S. Securities and Exchange Commission no later than February 27, 2026. Safety also plans to hold its 2026 Annual Meeting of Shareholders in Boston, Massachusetts, on May 13, 2026, at 10:00 a.m. About Safety: Safety Insurance Group, Inc. is the parent of Safety Insurance Company,

Safety Insurance Group, Inc. (NASDAQ:SAFT) ("Safety" or the "Company") today reported third quarter 2025 results. George M. Murphy, Chairman of the Board of Directors, President and Chief Executive Officer, commented: "For the quarter ended September 30, 2025, our combined ratio improved to 98.9% compared to 100.7% in the same period in the prior year. The year-over-year improvement in combined ratio reflects the impact of our prior year growth in policy counts and rate increases earning into top-line results. Net earned premium increased 12.5% for the quarter ended September 30, 2025, compared to the same period in the prior year, and highlights the impact of our pricing strategy and und

Safety Insurance Group, Inc. (NASDAQ:SAFT) ("Safety" or the "Company") today reported second quarter 2025 results. George M. Murphy, Chairman of the Board of Directors, President and Chief Executive Officer, commented: "For the quarter ended June 30, 2025, our combined ratio improved to 98.1% compared to 99.9% in the same period in the prior year. The 2024 results included the favorable impact of the Massachusetts Property Insurance Underwriting Association restructuring which reduced loss and loss adjustment expenses by $9.7 million and lowered the combined ratio by 3.9 points. The year-over-year improvement in combined ratio reflects the impact of our prior year growth in policy count

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) ("Safety" or the "Company") today reported second quarter 2023 results. George M. Murphy, President and Chief Executive Officer, commented: "Safety's combined ratio of 101.9% for the second quarter is driven mainly by continued inflationary impacts on our private passenger auto line of business. We continue to file rate increases to combat these ongoing industry wide loss trends. For the six months ended June 30, 2023, our policy counts have increased by 11.6%, with an average premium per policy increase of 6.4% compared to the prior period. Safety remains diligent in following consistent underwriting guidelines, while writing additional risks at

Safety Insurance Group, Inc. (NASDAQ:SAFT) ("the Company" or "Safety") today reported first quarter 2023 results. George M. Murphy, President and Chief Executive Officer, commented: "The first quarter results were significantly impacted by a thirty-six hour period in February when temperatures plunged below zero across the Northeast region and Boston reached a low of -10 degrees Fahrenheit, the first double digit negative temperature in the region since 1957. This weather resulted in 783 burst pipe claims causing incurred water damage of $32.1 million, which contributed 17.0 percentage points to our combined ratio of 118.5%. In addition to this weather event, our underlying business is im

Safety Insurance Group, Inc. (NASDAQ:SAFT) ("Safety" or the "Company") today reported fourth quarter and full year 2022 results. George M. Murphy, President and Chief Executive Officer, commented: "Looking back at 2022, Safety Insurance had another financially successful year with a combined ratio of 97.2%, GAAP earnings per diluted share of $3.15 and non-GAAP operating earnings per diluted share of $5.05. While industry challenges around inflation continue to exist, our commitment to strong underwriting results and enhanced investment returns, remains unchanged. As always, we focus on pricing our products appropriately for the risks we are insuring while generating the capital to grow our

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, 2023 to shareholders of record at the close of business on March 1, 2023. Safety plans to announce its fourth quarter and year-end 2022 results on February 22, 2023, with its Annual Report on Form 10-K to be filed with the U.S. Securities and Exchange Commission no later than February 28, 2023. About Safety: Safety Insurance Group, Inc. is the parent of Safety Insurance Company, Safety Indemnity Insurance Company, Safety Property and Casualty Insurance Company and Safety Northeast Insurance Company. Op

Safety Insurance Group, Inc. (NASDAQ:SAFT) ("Safety" or the "Company") today reported third quarter 2022 results. George M. Murphy, President and Chief Executive Officer, commented: "The industry continues to experience strong headwinds as operating results are adversely impacted by inflationary trends and rising interest rates that negatively impact our investment portfolio. For the quarter ending September 30, 2022, we have posted a combined ratio of 97.1%, which demonstrates our strong underwriting discipline and focus on expense management. Also, shortly after quarter end, we were pleased to announce a letter of intent to acquire Northeast Insurance Agency, Inc. This acquisition is an

Safety Insurance Group, Inc. (NASDAQ:SAFT) ("Safety" or the "Company") today reported second quarter 2022 results. George M. Murphy, President and Chief Executive Officer, commented: "The insurance industry continues to experience strong headwinds as operating results are adversely impacted by economic and inflationary trends coupled with rising interest rates that negatively impact our investment portfolio. For the quarter ending June 30, 2022, we have posted a combined ratio of 92.1%, which demonstrates our strong underwriting discipline and focus on expense management. During the quarter, we also reduced a COVID-19 related legal expense reserve of $6.5 million based on the recent Suprem

Safety Insurance Group, Inc. (NASDAQ:SAFT) ("the Company" or "Safety") today reported first quarter 2022 results. George M. Murphy, President and Chief Executive Officer, commented: "We continue to see our operating results return to pre-COVID-19 pandemic levels. For the quarter ending March 31, 2022, we have posted a combined ratio of 98.7%, which is impacted by a return to pre-pandemic level frequency in our private passenger line of business and an increase in physical damage inflation costs. As always, we are focused on our expense ratio that improved this quarter compared to 2021 and is on average, below our regional competitors. We will continue our disciplined underwriting approach

Safety Insurance Group, Inc. (NASDAQ:SAFT) ("Safety" or the "Company") today reported fourth quarter and year ended 2021 results. George M. Murphy, President and Chief Executive Officer, commented: "As we returned to a more normal operating environment after a record year in 2020, we are proud of our achievements in 2021. We continued our track record of operational excellence, posting a strong combined ratio of 93.0%. Our combined ratio compares favorably to the average of our Performance Peer Group, as defined on page 28 of our 2021 Proxy Statement, that have reported Fiscal Year 2021 results of 95.2% and is below our own five-year average of 93.9%. Our book value increased by 5.2% and r

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, 2022 to shareholders of record at the close of business on March 1, 2022. Safety plans to announce its fourth quarter and year-end 2021 results on February 23, 2022, with its Annual Report on Form 10-K to be filed with the U.S. Securities and Exchange Commission no later than February 28, 2022. About Safety: Safety Insurance Group, Inc. is the parent of Safety Insurance Company, Safety Indemnity Insurance Company, Safety Property and Casualty Insurance Company and Safety Northeast Insurance Company. Op

Safety Insurance Group, Inc. (NASDAQ:SAFT) ("the Company") today reported third quarter 2021 results. Net income for the quarter ended September 30, 2021 was $24.8 million, or $1.64 per diluted share, compared to net income of $44.7 million, or $2.96 per diluted share, for the comparable 2020 period. Net income for the nine months ended September 30, 2021 was $98.7 million, or $6.58 per diluted share, compared to net income of $85.2 million, or $5.58 per diluted share, for the comparable 2020 period. Non-generally accepted accounting principles ("non-GAAP") operating income, as defined below, for the quarter ended September 30, 2021 was $1.70 per diluted share, compared to $2.53 per dilute

Safety Insurance Group, Inc. (NASDAQ:SAFT) ("the Company") today reported second quarter 2021 results. Net income for the quarter ended June 30, 2021 was $37.7 million, or $2.49 per diluted share, compared to net income of $42.5 million, or $2.78 per diluted share, for the comparable 2020 period. Net income for the six months ended June 30, 2021 was $73.8 million, or $4.93 per diluted share, compared to net income of $40.5 million, or $2.64 per diluted share, for the comparable 2020 period. Non-generally accepted accounting principles ("non-GAAP") operating income, as defined below, for the quarter ended June 30, 2021 was $1.85 per diluted share, compared to $1.95 per diluted share, for th

Safety Insurance Group, Inc. (NASDAQ:SAFT) ("the Company") today reported first quarter 2021 results. Net income for the quarter ended March 31, 2021 was $36.2 million, or $2.42 per diluted share, compared to a net loss of $2.0 million, or $0.13 per diluted share, for the comparable 2020 period. Non-generally accepted accounting principles ("non-GAAP") operating income, as defined below, for the quarter ended March 31, 2021 was $1.93 per diluted share, compared to $1.57 per diluted share, for the comparable 2020 period. Safety's book value per share increased to $59.42 at March 31, 2021 from $59.40 at December 31, 2020. Safety paid $0.90 per share in dividends to investors during the quart

BOSTON--(BUSINESS WIRE)--Safety Insurance Group, Inc. (NASDAQ:SAFT) (“the Company”) today reported fourth quarter 2020 results. Net income for the quarter ended December 31, 2020 was $53.0 million, or $3.55 per diluted share, compared to net income of $28.1 million, or $1.82 per diluted share, for the comparable 2019 period. Net income for the year ended December 31, 2020 was $138.2 million, or $9.18 per diluted share, compared to net income of $99.6 million, or $6.46 per diluted share, for the comparable 2019 period. Non-generally accepted accounting principles (“non-GAAP”) operating income, as defined below, for the quarter ended December 31, 2020 was $2.55 per diluted share, comp

BOSTON--(BUSINESS WIRE)--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, 2021 to shareholders of record at the close of business on March 5, 2021. Safety plans to announce its 2020 annual results on February 24, 2021, with its Annual Report on Form 10-K to be filed with the U.S. Securities and Exchange Commission no later than February 26, 2021. Safety also plans to hold its 2021 Annual Meeting of Shareholders in Boston, Massachusetts, on May 19, 2021 at 10:00 a.m. About Safety: Safety Insurance Group, Inc. is the parent of Safety Insurance