Profile
Sector:
Financial ServicesIndustry:
Insurance - Property & CasualtyCountry:
United StatesIPO:
22 November 2002Website:
http://www.safetyinsurance.comNext earnings report:
02 August 2024Last dividends:
03 June 2024Next dividends:
N/APrice
after hours | Fri, 28 Jun 2024 20:10:36 GMTAnalysts recommendations
Institutional Ownership
SAFT Latest News
In the past, Safety Insurance was considered a superior insurer compared to Mercury. However, Mercury has demonstrated encouraging signs of profitability recovery. Safety Insurance reported worsened insurance margins and a decline in underwriting margin due to claims inflation and weather events. Both Mercury General and Safety Insurance are facing operational challenges, making them less attractive for investment compared to other profitable insurers like Travelers and Chubb.
Safety Insurance Group outperforms Mercury General in terms of underwriting performance and market performance. Safety Insurance has maintained a stable dividend and has a healthier financial position compared to Mercury General. Despite its better performance, Safety Insurance is fairly-valued and may not be the best investment choice compared to other insurance companies like Allstate, Chubb, or Progressive.
What type of business is Safety Insurance?
Safety Insurance Group, Inc. provides private passenger and commercial automobile, and homeowner insurance in the United States. The company's private passenger automobile policies offer coverage for bodily injury and property damage to others, no-fault personal injury coverage for the insured/insured's car occupants, and physical damage coverage for an insured's own vehicle for collision or other perils. It also provides commercial automobile policies that offer insurance for commercial vehicles used for business purposes, including private passenger-type vehicles, trucks, tractors and trailers, insure individual vehicles, and commercial fleets; and homeowners policies, which provide coverage for homes, condominiums, and apartments for losses to a dwelling and its contents from various perils, and coverage for liability to others arising from ownership or occupancy. In addition, the company offers business owners policies that cover apartments and residential condominiums, restaurants, office condominiums, processing and services businesses, special trade contractors, and wholesalers. Further, it provides personal umbrella policies, which provide personal excess liability coverage over and above the limits of individual automobile, watercraft, and homeowner's insurance policies; and commercial umbrella and business owner policies, as well as underwrites dwelling fire insurance for non-owner-occupied residences. Additionally, the company offers inland marine coverage for homeowners and business owner policies, and watercraft coverage for small and medium sized pleasure crafts. It distributes its products through independent agents. The company was formerly known as Safety Holdings Inc and changed its name to Safety Insurance Group, Inc. in April 2002. Safety Insurance Group, Inc. was founded in 1979 and is headquartered in Boston, Massachusetts.
What sector is Safety Insurance in?
Safety Insurance is in the Financial Services sector
What industry is Safety Insurance in?
Safety Insurance is in the Insurance - Property & Casualty industry
What country is Safety Insurance from?
Safety Insurance is headquartered in United States
When did Safety Insurance go public?
Safety Insurance initial public offering (IPO) was on 22 November 2002
What is Safety Insurance website?
https://www.safetyinsurance.com
Is Safety Insurance in the S&P 500?
No, Safety Insurance is not included in the S&P 500 index
Is Safety Insurance in the NASDAQ 100?
No, Safety Insurance is not included in the NASDAQ 100 index
Is Safety Insurance in the Dow Jones?
No, Safety Insurance is not included in the Dow Jones index
When does Safety Insurance report earnings?
The next expected earnings date for Safety Insurance is 02 August 2024