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Safety Insurance Group, Inc.

SAFT
$103.10
-0.02%
2026-09-03 16:00:00 EDT-$0.02
Financial Services
Insurance - Property & Casualty
NASDAQ
Active Trading

Safety Insurance Group, Inc. (SAFT) is a U.S.-based insurance provider offering a diverse range of personal and commercial coverage. The company's private ...

Price Action

$103.10
-0.02%-$0.02
High—
Low—
52W High-0.3%
Rel. vol—
Interval
Range6.2h
Volume—SMA5SMA10
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Company Overview

Safety Insurance Group, Inc. is a regional U.S. property and casualty insurer focused on personal and commercial insurance products. Founded in 1979 and headquartered at 20 Custom House Street in Boston, Massachusetts, the company operates mainly across Massachusetts, New Hampshire, and Maine. Safety Insurance became publicly traded on the Nasdaq ...Safety Insurance Group, Inc. is a regional U.S. property and casualty insurer focused on personal and commercial insurance products. Founded in 1979 and headquartered at 20 Custom House Street in Boston, Massachusetts, the company operates mainly across Massachusetts, New Hampshire, and Maine. Safety Insurance became publicly traded on the Nasdaq Global Select Market under the symbol SAFT, with its initial public offering taking place in 2002. The company was formerly known as Safety Holdings Inc. and adopted its current name in April 2002. The company’s business is organized around several important coverage categories. Private passenger automobile insurance protects policyholders against third-party bodily injury and property damage liability, provides no-fault personal injury benefits, and covers physical damage to the insured vehicle from collisions and specified risks. Commercial automobile insurance serves businesses operating passenger vehicles, trucks, tractors, trailers, individual units, and fleets. Safety also provides homeowners insurance for houses, condominiums, and apartments, covering structures, contents, and liability associated with ownership or occupancy. Commercial customers can purchase business owners policies designed for apartment complexes, condominium associations, restaurants, office condominiums, processing and service businesses, specialized trade contractors, and wholesalers. Additional offerings include personal and commercial umbrella insurance, dwelling fire coverage for non-owner-occupied properties, inland marine coverage, and insurance for small- to medium-sized recreational watercraft. These products allow the company to address both routine personal risks and more specialized commercial exposures. Distribution is handled through a network of independent agents, making agent relationships and service quality important competitive factors. Safety Insurance employs approximately 568 people and emphasizes customer service, underwriting discipline, claims handling, and regional market knowledge. George M. Murphy serves as chairperson, president, and chief executive officer. The company has also invested in operational technology, including its Safety Commercial Express platform for commercial automobile quoting and policy issuance. As an insurer, Safety’s cost structure is driven primarily by claims losses, loss-adjustment expenses, commissions paid to independent agents, employee compensation, technology, and general operating costs rather than by a conventional manufacturing bill of materials. Its financial performance is therefore sensitive to premium growth, pricing adequacy, catastrophe frequency, inflation in vehicle repair and medical costs, reinsurance, investment income, and reserve development. Supplied trailing-twelve-month data indicates approximately $1.52 billion in market capitalization, a 3.6% dividend yield, a 78.7% dividend payout ratio, a 7.8% return on equity, and relatively modest leverage, with debt-to-equity of approximately 0.07. These figures describe a mature, dividend-oriented regional insurer whose prospects depend on maintaining underwriting profitability, controlling claims costs, improving digital processes, and continuing to provide dependable service through its independent-agent distribution model.
Founded
1979
Employees
568
CEO
George Michael Murphy
Full Name
Safety Insurance Group, Inc.
Sector
Financial Services
Industry
Insurance - Property & Casualty
ROE
7.79%
Market Cap
$1.51B
Current Ratio
1.42
WACC
5.39%
ROIC
10.11%

Contact Information

https://www.safetyinsurance.com
617 951 0600
20 Custom House Street, Boston, MA 02110

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