Safety Insurance Group, Inc. Announces Third Quarter 2024 Results and Declares Fourth 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) (“Safety” or the “Company”) today reported third quarter 2024 results.George M. Murphy, Chairman of the Board of Directors, President and Chief Executive Officer, commented: “The direct written premium growth that Safety has experienced is impacting our top-line revenue, which increased by 21.9% for the nine months ended September 30, 2024 over the prior year. We continue to see increased policy counts and premium rate actions that are earning into our results and contributing to improvements in our loss ratios. While private passenger automobile loss severity trends remain higher than historical averages, we are seeing moderation during the current quarter. Our combined ratio for the quarter improved to 100.7% from 104.8% in the prior year. In addition, ongoing increases in other revenue lines contribute to stronger quarterly earnings per share and an increase in book value of 5.5%.”Net income for the quarter end
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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
- Safety Insurance Group (NASDAQ:SAFT) Has Announced A Dividend Of $0.90 [Yahoo! Finance]Yahoo! Finance
- Safety Insurance Group, Inc. (NASDAQ: SAFT) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Safety Insurance Group (NASDAQ:SAFT) shareholders have earned a 0.3% CAGR over the last five years [Yahoo! Finance]Yahoo! Finance
- Safety Insurance Group, Inc. (NASDAQ: SAFT) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
SAFT
Sec Filings
- 11/8/24 - Form 10-Q
- 11/6/24 - Form SCHEDULE
- 11/5/24 - Form 8-K
- SAFT's page on the SEC website