Safety Insurance Q3 net income rises to $30.0 million, or $2.05 per diluted share
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.
Key points
- 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
The filing
Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.