Business
Safety Insurance Group, Inc. Announces Third Quarter 2025 Results and Declares Fourth Quarter 2025 Dividend
BOSTON--(BUSINESS WIRE)-- Safety Insurance Group, Inc. (NASDAQ:SAFT) (“Safety” or the “Company”) today reported third quarter 2025 results. George M. Murphy,
About this update from Safety Insurance Group, Inc.
[{"type":"text","content":" BOSTON--(BUSINESS WIRE)--\nSafety Insurance Group, Inc. (NASDAQ:SAFT) (“Safety” or the “Company”) today reported third quarter 2025 results.\n\n\nGeorge M. Murphy, Chairman of the Board of Directors, President and Chief Executive Officer, commented: “For the quarter ended September 30, 2025, our combined ratio improved to 98.9% compared to 100.7% in the same period in the prior year. The year-over-year improvement in combined ratio reflects the impact of our prior year growth in policy counts and rate increases earning into top-line results. Net earned premium increased 12.5% for the quarter ended September 30, 2025, compared to the same period in the prior year, and highlights the impact of our pricing strategy and underwriting discipline during the most recent hard market. We also continue to see favorable results in other revenue lines, which positively impacted earnings per share of $1.91 during 2025. Our profitability, along with increases in the value of our fixed maturity portfolio, increased total shareholders’ equity by $71.1 million and our book value per share improved by 8.2% to $60.40 from $55.83 for the nine months ended September 30, 2025 compared to December 31, 2024.\n\n\nWe continue to generate positive cash flows from operations and have deployed capital strategically to strengthen our investment portfolio and support long-term value creation. Our Board of Directors previously authorized share repurchases up to $200 million of our outstanding common shares, with $44.76 million remaining under that authorization. In alignment with our capital management strategy, we intend to recommence share repurchases. This action reflects our confidence in the durability of our business and our commitment to delivering shareholder value.”\n\n\nThird Quarter and 2025 Results and Recent Developments\n\n\nToday, our Board of Directors approved a $0.92 per share quarterly cash dividend on our issued and outstanding common stock payable on December 15, 2025 to shareholders of record at the close of business on December 1, 2025.\n\n\nNet income for the quarter ended September 30, 2025 was $28.3 million, or $1.91 per diluted share, compared to net income of $25.9 million, or $1.73 per diluted share, for the comparable 2024 period. Net income for the nine months ended September 30, 2025 was $79.1 million, or $5.33 per diluted shar...