Safety Insurance Group, Inc. Announces First Quarter 2024 Results and Declares Second Quarter 2024 Dividend
Safety Insurance Group, Inc. (SAFT)
US:NASDAQ Investor Relations:
safetyinsurance.com/about/investor.html
Company Research
Source: Business Wire
BOSTON--(BUSINESS WIRE)--Safety Insurance Group, Inc. (NASDAQ:SAFT) (“the Company” or “Safety”) today reported first quarter 2024 results.George M. Murphy, Chairman of the Board of Directors, President and Chief Executive Officer, commented: “We are beginning to see the financial impact of our prior year growth with net earned premium increasing for the quarter by 23.1%. As a result, our first quarter combined ratio in 2024 improved to 101.9% compared to 118.5% in the first quarter of 2023, which was impacted by a Winter Freeze event. While severity trends in our Private Passenger Automobile book of business are showing signs of stabilization, the losses and loss adjustment expenses in 2024 are still being impacted by continued inflationary pressure. We continue to see positive trends in all revenue line items and have been approved for additional rate increases across multiple lines of business. We remain confident in our pricing and underwriting strategies.”Net income for the qu
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News
- Safety Insurance Group, Inc. (NASDAQ: SAFT) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Here's Why Shareholders May Consider Paying Safety Insurance Group, Inc.'s (NASDAQ:SAFT) CEO A Little More [Yahoo! Finance]Yahoo! Finance
- Safety Insurance Group, Inc. Announces First Quarter 2024 Results and Declares Second Quarter 2024 Dividend [Yahoo! Finance]Yahoo! Finance
- Safety Insurance Group's (NASDAQ:SAFT) investors will be pleased with their 22% return over the last year [Yahoo! Finance]Yahoo! Finance
- Safety Insurance Group, Inc.'s (NASDAQ:SAFT) Stock Financial Prospects Look Bleak: Should Shareholders Be Prepared For A Share Price Correction? [Yahoo! Finance]Yahoo! Finance
SAFT
Analyst Actions
- 2/28/24 - TheStreet
SAFT
Sec Filings
- 5/15/24 - Form 8-K
- 5/9/24 - Form 10-Q
- 5/8/24 - Form 8-K
- SAFT's page on the SEC website