Nov 4, 4:03 PM ET
Safety Insurance Group reported third quarter 2026 net income of $30.0 million, or $2.05 per diluted share, up from $28.3 million, or $1.91, a year earlier, as its combined ratio improved to 96.3% from 98.9%. Nine-month net income fell to $50.2 million from $79.1 million, and direct written premiums declined in both periods. Shareholders approved the pending all-cash acquisition by an affiliate of Mapfre at $105 per share on November 3, 2026, which remains subject to regulatory approval, and the board declared a $0.92 quarterly dividend.
- Q3 2026 net income was $30.0 million, or $2.05 per diluted share, versus $28.3 million, or $1.91, in Q3 2025
- Combined ratio was 96.3% versus 98.9%; direct written premiums fell 4.3% to $319.7 million
- Nine-month net income was $50.2 million, or $3.43 per diluted share, versus $79.1 million, or $5.33
- Mapfre deal pays $105 per share in cash; shareholders approved it November 3, 2026; regulatory approval pending
Read the filing on SEC.gov ↗
Aug 5, 4:02 PM ET
Safety Insurance Group reported second quarter 2026 net income of $34.5 million, or $2.36 per diluted share, up from $28.9 million, or $1.95, a year earlier, while the combined ratio improved to 95.7%. The filing also restates the pending all-cash acquisition by a Mapfre affiliate at $105 per share, which the company describes as a 44% premium to its July 23, 2026 stock price, and a $0.92 quarterly dividend. Net income for the six months fell to $20.2 million from $50.8 million, driven by losses from severe winter weather in the first quarter.
- Q2 2026 net income $34.5 million, or $2.36 per diluted share, versus $28.9 million, or $1.95, in Q2 2025
- Combined ratio 95.7% for Q2 2026 versus 98.1% a year earlier; six-month combined ratio rose to 104.5% from 98.8%
- Mapfre affiliate to acquire Safety for $105 per share in cash, a transaction valued at about $1.54 billion
- Quarterly dividend of $0.92 per share declared, payable September 15, 2026, to holders of record on September 1, 2026
Read the filing on SEC.gov ↗
Jul 24, 8:00 AM ET
On July 23, 2026, Safety Insurance Group, Inc. entered into a merger agreement with MAPFRE U.S.A. Corp. and its subsidiary Splash Merger Sub, Inc. Under the agreement, each outstanding share of company common stock will be converted into the right to receive $105.00 in cash, and the company will become a wholly-owned subsidiary of MAPFRE U.S.A. The board unanimously recommended that stockholders adopt the agreement, and completion depends on stockholder approval and regulatory approvals, including from the Massachusetts Commissioner of Insurance.
- Merger consideration of $105.00 in cash per share of common stock, without interest.
- Closing requires majority stockholder approval, expiration of HSR waiting periods, and Massachusetts Commissioner of Insurance approval.
- Company termination fee of $46,243,518 in specified circumstances; Parent termination fee of $111,755,169 in specified regulatory-failure circumstances.
- Termination Date is July 23, 2027, subject to automatic extension to January 23, 2028 under certain regulatory circumstances.
Read the filing on SEC.gov ↗
Jun 15, 10:49 AM ET
On June 9, 2026, Safety Insurance Group entered into Amendment No. 7 to its revolving credit agreement with Citizens Bank, N.A. The amendment raises the committed revolving facility from $50 million to $100 million and extends its maturity to June 9, 2031. The company has not drawn the additional amounts, and the facility remains secured by certain accounts receivable.
- Committed revolving credit facility increased from $50 million to $100 million
- Maturity extended to June 9, 2031
- No drawings on the additional amounts as of the filing date
- Obligations remain secured by certain accounts receivable and related assets
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
