Safety Insurance Group agrees to $105.00-per-share cash sale to MAPFRE U.S.A.
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.
Key points
- 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.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:57 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 24, 2026.
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.