Safety Ins Group Inc - SAFT STOCK NEWS

Safety Insurance Group (NASDAQ:SAFT) has announced a quarterly cash dividend of $0.90 per share, payable on March 14, 2025, to shareholders of record as of March 3, 2025. The company will release its fourth quarter and year-end 2024 results on February 25, 2025, with its Annual Report on Form 10-K to be filed by February 28, 2025.

The company operates exclusively in Massachusetts, New Hampshire, and Maine as a leading writer of property and casualty insurance products, including private passenger automobile, commercial automobile, homeowners, dwelling fire, umbrella, and business owner policies. Safety Insurance has scheduled its 2025 Annual Meeting of Shareholders for May 14, 2025, at 10:00 a.m. in Boston, Massachusetts.

Safety Insurance Group (NASDAQ:SAFT) reported strong Q3 2024 results with net income of $25.9 million ($1.73 per diluted share), up from $1.9 million ($0.13 per share) in Q3 2023. Direct written premiums increased 19.1% to $318.2 million, driven by new business and rate increases. The combined ratio improved to 100.7% from 104.8% year-over-year. The company saw significant growth across all business lines, with private passenger auto exposure up 10.7%, commercial auto up 5.2%, and homeowners up 9.4%. Book value per share increased to $57.38, and the Board approved a $0.90 quarterly dividend.

Safety Insurance Group, Inc. (NASDAQ:SAFT) reported second quarter 2024 results with net income of $16.6 million, or $1.13 per diluted share. The company saw a 22.1% increase in net earned premiums to $246.9 million, driven by new business production and rate increases. Safety's combined ratio improved to 99.9%, favorably impacted by a transaction related to the Massachusetts Property Insurance Underwriting Association. Direct written premiums increased by 21.3% to $315.5 million. The company declared a quarterly dividend of $0.90 per share, payable on September 13, 2024. Safety's book value per share increased to $54.61 at June 30, 2024, from $54.37 at December 31, 2023.

Safety Insurance Group, Inc. (NASDAQ:SAFT) reported first quarter 2024 results with a net income of $20.1 million, or $1.36 per diluted share, compared to a net loss in the same period of 2023. The company declared a $0.90 per share quarterly cash dividend, with positive trends in revenue and approved rate increases. Safety continues to see growth in policy counts and average written premiums across all lines of business.

Safety Insurance Group, Inc. (SAFT) reported fourth quarter and year ended 2023 results with record top-line growth. Despite positive revenue trends, inflationary impacts led to an elevated loss ratio in the Private Passenger Automobile segment. Net income decreased, but direct written premiums and exposure count growth improved. Safety remains committed to underwriting discipline and rate adequacy.

Safety Insurance Group, Inc. (SAFT) announces a $0.90 per share quarterly cash dividend for shareholders, with plans to release fourth quarter and year-end 2023 results and hold its Annual Meeting of Shareholders in May 2024.

Safety Insurance Group, Inc. (NASDAQ:SAFT) reported its third quarter 2023 results. Net income for the quarter was $1.9 million, compared to $6.2 million in the same period last year. Net written premiums increased by 22.2% to $251.1 million. The company achieved policy count growth across all lines of business, with increases in average written premium per policy. Losses and loss adjustment expenses incurred increased by 30.6% due to current market conditions and weather events. The expense ratio decreased primarily due to a decrease in contingent commission expenses.