Safety in the News

• Safety Insurance Group, Inc. Announces Second Quarter 2025 Results and Raises Third Quarter 2025 Dividend PDF

  August 6, 2025

  George M. Murphy, Chairman of the Board of Directors, President and Chief Executive Officer, commented: “For the quarter ended June 30, 2025, our combined ratio improved to 98.1% compared to 99.9% in the same period in the prior year. The 2024 results included the favorable impact of the Massachusetts Property Insurance Underwriting Association restructuring which reduced loss and loss adjustment expenses by $9.7 million and lowered the combined ratio by 3.9 points.”

• More Safety News

• Safety Insurance Group, Inc. Announces First Quarter 2025 Results and Declares Second Quarter 2025 Dividend PDF

  May 7, 2025

  George M. Murphy, Chairman of the Board of Directors, President and Chief Executive Officer, commented: “Safety’s first quarter combined ratio in 2025 improved to 99.4% compared to 101.9% in the first quarter of 2024. The year-over-year change reflects the impact of our prior year growth in direct written premiums earning into top-line results and improvements in our private passenger automobile loss ratio. Positive trends in other revenue lines resulted in strong earnings per share of $1.48 per share and a $22.2 million increase in total shareholders’ equity.”

• Safety Insurance Group, Inc. Announces Fourth Quarter and Year Ended 2024 Results PDF

  February 25, 2025

  George M. Murphy, Chairman of the Board of Directors, President and Chief Executive Officer, commented: “For the year ended December 31, 2024, Safety Insurance continued to achieve significant direct written premium growth, which increased 20.4% over the prior year, driving our top-line revenue above $1 billion dollars for the first time in the Company’s history. Our strong top-line growth was a result of an 8.5% increase in overall policy counts and a 10.9% increase in average premium per policy, blended across all lines of business. Along with the increased policy counts, premium rate actions are earning into our results and contributing to improvements in our loss ratios. For the year ended December 31, 2024, Safety Insurance posted a 101.1% combined ratio compared to 107.7% from the prior year. In addition, positive trends in other revenue lines contributed to stronger earnings per share and an increase in book value of 8.4%. For the fourth quarter 2024, Safety posted a 101.9% combined ratio compared to 106.5% in the prior year, as a result of the same factors that are impacting the full year.”