Safety Insurance Group, Inc. Announces Fourth Quarter and Year Ended 2023 Results
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) (“Safety” or the “Company”) today reported fourth quarter and year ended 2023 results.George M. Murphy, Chairman of the Board of Directors, President and Chief Executive Officer, commented: “2023 saw Safety Insurance post record top-line growth as Direct Written Premiums increased by 20.4% as a result of a 10.2% increase in overall policy counts and a 10.9% increase in average premium per policy, blended across all lines of business. While Safety achieved positive trends in all major revenue streams, ongoing inflationary impacts contributed to an elevated loss ratio specific to our Private Passenger Automobile book of business. For the year ended December 31, 2023, Safety Insurance posted a 107.7% combined ratio, resulting from these inflationary impacts and several weather events. For the fourth quarter 2023, Safety posted a 106.5% combined ratio resulting from a December 18th wind event that added $12.0M in Loss
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- 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
- Safety Insurance Group Full Year 2023 Earnings: EPS: US$1.29 (vs US$3.17 in FY 2022) [Yahoo! Finance]Yahoo! Finance
- Safety Insurance Group, Inc. (NASDAQ: SAFT) was upgraded by analysts at TheStreet from a "c+" rating to a "b" rating.MarketBeat
- Safety Insurance Group Inc (SAFT) Reports Mixed Results Amid Inflationary Pressures [Yahoo! Finance]Yahoo! Finance
- Safety Insurance Group, Inc. Announces Fourth Quarter and Year Ended 2023 Results [Yahoo! Finance]Yahoo! Finance
SAFT
Analyst Actions
- 2/28/24 - TheStreet
SAFT
Sec Filings
- 4/23/24 - Form 8-K
- 4/2/24 - Form DEF
- 4/2/24 - Form ARS
- SAFT's page on the SEC website