Safety Insurance Group, Inc. Announces Fourth Quarter and Year Ended 2023 Results [Yahoo! Finance]
Safety Insurance Group, Inc. (SAFT)
US:NASDAQ Investor Relations:
safetyinsurance.com/about/investor.html
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Source: Yahoo! Finance
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 18 th wind event that added $12.0M in Loss and Loss Adjustment Expenses as well as the continued elevated Private Passenger Auto loss ratio." "As I have previously mentioned, Safety continues to f
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News
- 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 ResultsBusiness Wire
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