Safety Insurance Group, Inc. Announces Third Quarter 2026 Results and Declares Fourth Quarter 2026 Dividend
Key Highlights
- ➤Q3 net income $30.0 million, or $2.05 diluted share, versus $28.3 million
- ➤Q3 combined ratio improved to 96.3% from 98.9% year over year
- ➤Mapfre affiliate agreed to acquire Safety for approximately $1.54 billion
- ➤Shareholders approved the Mapfre transaction; regulatory approval remains outstanding
- ➤Board declared $0.92 quarterly dividend payable December 15, 2026
Expert Statements
George M. Murphy, Chairman of the Board, President and Chief Executive Officer of Safety Insurance Group, Inc.
“For the quarter ended September 30, 2026, our combined ratio improved to 96.3% compared to 98.9% in the same period in the prior year.”
George M. Murphy, Chairman of the Board, President and Chief Executive Officer of Safety Insurance Group, Inc.
“The combined ratio of 96.3% reflects the impact of previous written premium growth earning into top-line revenue, as well as a decrease in losses and loss adjustment expenses incurred, driven by improved loss frequency in our private passenger automobile line.”
George M. Murphy, Chairman of the Board, President and Chief Executive Officer of Safety Insurance Group, Inc.
“Net income for the quarter ended September 30, 2026 was $30.0 million, or $2.05 per diluted share, compared to net income of $28.3 million, or $1.91 per diluted share, for the comparable 2025 period.”
George M. Murphy, Chairman of the Board, President and Chief Executive Officer of Safety Insurance Group, Inc.
“The increase in net income reflects the impact of improved underwriting results and the largest quarterly net investment income results in our Company’s history.”
George M. Murphy, Chairman of the Board, President and Chief Executive Officer of Safety Insurance Group, Inc.
“As previously communicated, on July 23, 2026, the Company announced that it has entered into a definitive agreement under which an affiliate of Mapfre S.A. (“Mapfre”) will acquire Safety in an all-cash transaction valued at approximately $1.54 billion.”
George M. Murphy, Chairman of the Board, President and Chief Executive Officer of Safety Insurance Group, Inc.
“Under the terms of the agreement, Safety shareholders will receive $105 for each Safety common share in cash, which represents a premium of 44% on Safety’s stock price as of July 23, 2026.”
George M. Murphy, Chairman of the Board, President and Chief Executive Officer of Safety Insurance Group, Inc.
“On November 3, 2026, Safety’s shareholders voted in favor of the transaction which remains subject to regulatory approval.”
Safety Insurance Group, Inc. Announces Third Quarter 2026 Results and Declares Fourth Quarter 2026 Dividend
Safety Insurance Group, Inc. (NASDAQ:SAFT) (“Safety” or the “Company”) today reported third quarter 2026 results.
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