Investor Information

Investor Information

Investor Information Overview

We are a leading provider of private passenger automobile insurance in Massachusetts. In addition to private passenger automobile insurance (which represented 69.2% of our direct written premiums in 2009), we offer a portfolio of property and casualty insurance products, including commercial automobile (12.0% of 2009 direct written premium), homeowners (14.7% of 2009 direct written premium), dwelling fire, umbrella and business owner policies.

Operating in Massachusetts and New Hampshire through our insurance subsidiaries, Safety Insurance Company, Safety Indemnity Insurance Company, and Safety Property and Casualty Insurance Company, we have established strong relationships with independent insurance agents, who numbered 861 in 999 locations during 2009.

We have used these relationships and our extensive knowledge of the Massachusetts market to become the second largest private passenger automobile carrier, capturing an approximate 11.3% share of the Massachusetts private passenger automobile insurance market, and the third largest commercial automobile carrier, with an 11.0% share of the Massachusetts commercial automobile insurance market in 2009.

We were incorporated under the laws of Delaware in 2001, but through our predecessors, we have underwritten insurance in Massachusetts since 1979.

Our share of the Massachusetts private passenger automobile insurance market has grown from 11.0% in 2004 to 11.3% in 2009 and we have continued to expand our product offerings. We have maintained profitability in part by leveraging our technology to improve employee productivity and manage our cost structure. Over the same period, our insurance subsidiaries have maintained an "A" rating from A.M. Best Company.