Highest-materiality recent filing
Safety Insurance to be acquired by Mapfre affiliate for $1.54B; Q2 net income rises to $34.5M
Mapfre affiliate to acquire Safety for $105/share in cash, a 44% premium over July 23 closing price.
Safety Insurance to be acquired by MAPFRE U.S.A. for $105.00 per share in cash
All-cash merger at $105.00 per share; board unanimously recommends stockholder approval.
Safety Insurance to be acquired by Mapfre for $1.54B, $105/share cash, 44% premium
All-cash deal at $105/share, 44% premium over July 23 closing price.
Safety Insurance increases revolving credit facility to $100M, extends maturity to 2031
Total commitment increased from $50M to $100M; maturity extended to June 9, 2031.
Safety Insurance re-elects Farina and Meehan as directors; auditor ratified
John D. Farina elected with 11,767,003 votes for; Thalia M. Meehan with 11,864,129.
Net loss $14.3M ($0.99 diluted EPS) vs income $21.9M ($1.48 EPS) in Q1 2025; non-GAAP operating loss $0.72 EPS.
Safety Insurance Q4 net income $1.36/sh; full-year combined ratio 99.0% vs 101.1%
Q4 net income $20.1M ($1.36/diluted) vs $8.1M ($0.55) a year ago; full-year net income $99.3M ($6.70) vs $70.7M ($4.78).
Safety Insurance Q3 net income $28.3M ($1.91/diluted), combined ratio 98.9%, book value up 8.2%
Q3 net income $28.3M ($1.91/diluted) vs $25.9M ($1.73) YoY; non-GAAP operating income $1.48/diluted.
Safety Insurance Q2 EPS $1.95 vs $1.13 YoY; dividend raised to $0.92
Q2 2025 net income $28.9M ($1.95 diluted EPS) vs $16.6M ($1.13) in Q2 2024.
Safety Insurance shareholders elect Gray and Murphy as Class II directors at annual meeting
Deborah E. Gray received 12,036,162 votes for; George M. Murphy received 12,241,549 votes for.
Safety Insurance Q1 net income $21.9M ($1.48 EPS); combined ratio improves to 99.4%
Net income $21.9M ($1.48 diluted EPS) vs $20.1M ($1.36) in Q1 2024; non-GAAP operating EPS $1.28 vs $0.93.
Safety Insurance posts record $1.19B direct premiums in 2024; net income jumps to $70.7M
Full-year 2024 net income $70.7M ($4.78 diluted EPS) vs $18.9M ($1.28) in 2023; non-GAAP operating EPS $4.16 vs $0.84.
Safety Insurance Q3 net income $25.9M ($1.73 EPS), combined ratio improves to 100.7%
Q3 net income $25.9M ($1.73 diluted EPS) vs $1.9M ($0.13) in Q3 2023.
Safety Insurance Q2 net income $16.6M, combined ratio 99.9%, declares $0.90 dividend
Net income Q2 $16.6M ($1.13 diluted EPS) vs $17.0M ($1.15) in Q2 2023; non-GAAP op income $1.18/share vs $0.80.
Mary F. McConnell, age 40, appointed VP of Underwriting effective July 1, 2024.
Safety Insurance Group stockholders elect three directors, ratify auditor, approve say-on-pay
Charles J. Brophy III, Dennis J. Langwell, and Mary C. Moran elected as Class I directors for three-year terms.
Safety Insurance Q1 net income $20.1M ($1.36 EPS) vs year-ago loss; premiums up 23%
Net income $20.1M ($1.36 diluted EPS) vs net loss $12.3M ($0.84 loss) in Q1 2023.
Safety Insurance VP of Underwriting James D. Berry to retire July 1, 2024
James D. Berry, Vice President of Underwriting, announced retirement effective July 1, 2024.
Safety Insurance Q4 net income $12.3M ($0.83/diluted); full-year combined ratio 107.7%
Direct written premiums grew 22.2% to $246.1M in Q4; full year up 20.4% to $991.2M.
Net income $1.9M ($0.13 diluted EPS) vs $6.2M ($0.42) in Q3 2022; non-GAAP op income $0.59 vs $1.13.
Safety Insurance Q2 net income $17M ($1.15/diluted), combined ratio 101.9% vs 92.1% YoY
Net income of $17.0M ($1.15/diluted) vs $7.9M ($0.53) in Q2 2022; non-GAAP operating income $0.80/diluted vs $1.91.
Safety Insurance Group reports annual meeting voting results
John D. Farina and Thalia M. Meehan elected Class III directors with ~12.1M and ~11.8M votes for.
Safety Insurance Q1 net loss $0.84/share; combined ratio 118.5% on severe winter storm losses
Net loss $12.3M ($0.84 diluted loss) vs net income $7.8M ($0.53 EPS) in Q1 2022.
Safety Insurance Group board chair Brussard to retire; CEO Murphy to succeed; two new directors
David F. Brussard, current Chairperson, will retire at May 17, 2023 annual meeting and not seek re-election.
Safety Insurance Q4 net income $24.6M, down 23% YoY; combined ratio 100.7%
Q4 net income $24.6M ($1.67/diluted) vs $32.0M ($2.14) prior year; full year $46.6M ($3.15) vs $130.7M ($8.80).
Net income $6.2M ($0.42 diluted) vs $24.8M ($1.64) in Q3 2021; non-GAAP operating income $1.13 diluted vs $1.70.
Safety Insurance Group signs LOI to acquire Northeast Metrowest Insurance Agency
Non-binding LOI to acquire agency with over $40M in policy premiums.
Safety Insurance Q2 net income $0.53/share vs $2.49 YoY; combined ratio 92.1%; $0.90 dividend
Net income $7.9M ($0.53/sh) vs $37.7M ($2.49/sh) YoY; unrealized equity losses $41.9M.
Stockholders approved amendments on June 1, 2022, effective June 3, 2022.
Directors Gray and Murphy re-elected with 11.8M and 11.6M votes for respectively.
Safety Insurance Q1 net income drops 78% to $7.8M; combined ratio hits 98.7%
Net income $7.8M ($0.53 diluted EPS) vs $36.2M ($2.42) in Q1 2021; non-GAAP op. income $0.99 vs $1.93.
Safety Insurance adds two independent directors, one retires; proposes governance enhancements
Appointed John D. Farina, former PwC Northeast Managing Partner, and Deborah E. Gray, attorney with 30+ years legal and governance experience, to the Board.
Q4 2021 net income $32.0M ($2.14 diluted) vs $52.9M ($3.55) YoY; non-GAAP operating income $1.55/diluted vs $2.55.
Safety Insurance expands board to 7, appoints lead independent director and committee term limits
Board size increased from 6 to 7; continuing search for highly qualified nominees before 2022 annual meeting.
Safety Insurance Q3 net income $24.8M ($1.64 EPS) vs $44.7M; combined ratio 93.9% vs 85.0% YoY
Net income $24.8M ($1.64 diluted EPS) vs $44.7M ($2.96) in Q3 2020, down 44.5%.
Net income $37.7M ($2.49 diluted EPS) vs $42.5M ($2.78) in Q2 2020.
On June 10, 2024, Mary F. McConnell, 40, was appointed the Company’s Vice President of Underwriting, effective July 1, 2024.
Ms. McConnell will replace James D. Berry who previously communicated his intention to retire.
On April 22, 2024, James D. Berry, the Company’s Vice President of Underwriting, communicated his intention to retire, effective July 1, 2024.
Ann M. McKeown, 56, the Company’s Vice President of Insurance Operations, communicated her intention to retire, to which the Board of Directors accepted, effective March 1, 2024.
Brian S. Lam, 44, was appointed the Company’s Vice President of Insurance Operations, effective March 1, 2024.
the Board of Directors has elected Mr. George Murphy, President and Chief Executive Officer, to additionally serve as the Chairperson of the Board, effective May 17, 2023.
David F. Brussard, the Chairperson of the Company’s Board of Directors, informed the Board of his intention to not seek re-election to the Board of Directors and retire effective at the 2023 Annual Meeting on May 17, 2023.
elected Charles J. Brophy III, 66, to the Board as a Class I director of the Company, to serve in such capacity until the Company’s 2024 annual meeting of stockholders and until his successor is duly elected and qualified or until his earlier resignation, death or removal.
elected Dennis J. Langwell, 64, to the Board as a Class I director of the Company, to serve in such capacity until the Company’s 2024 annual meeting of stockholders and until his successor is duly elected and qualified or until his earlier resignation, death or removal.
On March 24,2022, Frederic H. Lindeberg, a member of the Company’s Board of Directors, informed the Board of his intention to retire from the Board of the Directors, effective immediately.
On March 24, 2022, the Board of Directors (the “Board”) of Safety Insurance Group, Inc. (the “Company”), on the recommendation of the Nominating and Governance Committee of the Board, elected Deborah E. Gray, 58, to the Board as a Class II director of the Company
On March 24, 2022, the Board of Directors (the “Board”) of Safety Insurance Group, Inc. (the “Company”), on the recommendation of the Nominating and Governance Committee of the Board, elected John D. Farina, 58, to the Board as a Class III director of the Company
Max materiality 1.00 · Median 0.70 · Most common event earnings