M&A
confidence high
sentiment positive
materiality 1.00
Safety Insurance to be acquired by Mapfre affiliate for $1.54B; Q2 net income rises to $34.5M
SAFETY INSURANCE GROUP INC
- Mapfre affiliate to acquire Safety for $105/share in cash, a 44% premium over July 23 closing price.
- Q2 2026 net income $34.5M ($2.36 diluted EPS) vs $28.9M ($1.95) in Q2 2025; combined ratio improved to 95.7% from 98.1%.
- Direct written premiums down 1.2% to $341.8M; net earned premiums up 3.4% to $291.7M.
- Board declares $0.92 quarterly dividend payable Sept 15, 2026 to holders of record Sept 1, 2026.
- Book value per share $59.70 at June 30, 2026, down from $60.98 at Dec 31, 2025.