Last $62.19 USD
Change Today +1.80 / 2.98%
Volume 52.7K
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As of 8:10 PM 12/17/14 All times are local (Market data is delayed by at least 15 minutes).

safety insurance group inc (SAFT) Snapshot

Open
$60.74
Previous Close
$60.39
Day High
$62.19
Day Low
$59.94
52 Week High
11/4/14 - $63.46
52 Week Low
06/5/14 - $48.43
Market Cap
933.4M
Average Volume 10 Days
43.7K
EPS TTM
$3.93
Shares Outstanding
15.0M
EX-Date
11/26/14
P/E TM
15.8x
Dividend
$2.80
Dividend Yield
4.18%
Current Stock Chart for SAFETY INSURANCE GROUP INC (SAFT)

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safety insurance group inc (SAFT) Details

Safety Insurance Group, Inc. provides private passenger automobile insurance products primarily in Massachusetts and New Hampshire. 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, limited cooking restaurants, office condominiums, processing and services businesses, special trade contractors, and wholesaling businesses. Further, it provides commercial package policies, which offer any combination of property, general liability, crime, and inland marine insurance for business enterprises; personal umbrella policies that provide personal excess liability coverage over and above the limits of individual automobile, watercraft, and homeowner’s insurance policies; and commercial umbrella policies to its clients, 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. Safety Insurance Group, Inc. was founded in 1979 and is based in Boston, Massachusetts.

605 Employees
Last Reported Date: 03/17/14
Founded in 1979

safety insurance group inc (SAFT) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $821.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $337.9K
Vice President of Underwriting
Total Annual Compensation: $355.2K
Vice President of Marketing
Total Annual Compensation: $279.8K
Compensation as of Fiscal Year 2013.

safety insurance group inc (SAFT) Key Developments

Safety Insurance Group Inc. Declares Dividend for the Fourth Quarter of 2014, Payable on December 15, 2014

The board of directors of Safety Insurance Group Inc. approved and declared a quarterly cash of $0.70 per share on the issued and outstanding common stock, payable on December 15, 2014 to shareholders of record at the close of business on December 1, 2014.

Safety Insurance Group, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Safety Insurance Group Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company's net income was $15.4 million, or $1.03 per diluted share, compared to net income of $17.7 million, or $1.14 per diluted share, for the comparable 2013 period. Net written premiums increased by $11.0 million, or 6.2%, to $188.8 million from $177.7 million for the comparable 2013 period. Net earned premiums increased by $8.0 million, or 4.7%, to $180.3 million from $172.2 million for the comparable 2013 period. Net investment income increased by $0.8 million, or 7.8%, to $10.8 million from $10.0 million for the comparable 2013 period. Total revenue was $196.119 million against $187.694 million a year ago. Income before income taxes was $21.977 million against $25.548 million a year ago. For the nine months, the company’s net income was $49.0 million, or $3.21 per diluted share, compared to $49.7 million, or $3.23 per diluted share, for the comparable 2013 period. The company's book value per share increased to $47.03 at September 30, 2014 from $45.18 at December 31, 2013. Net written premiums increased by $28.9 million, or 5.3%, to $575.2 million from $546.3 million for the comparable 2013 period. Net earned premiums increased by $26.2 million, or 5.1%, to $534.4 million from $508.2 million for the comparable 2013 period. Net written and net earned premiums increased primarily due to increases in the company's commercial automobile and homeowners business lines as discussed above. Net investment income increased by $1.2 million, or 3.8%, to $31.3 million from $30.1 million for the comparable 2013 period. Total revenue was $580.152 million against $553.491 million a year ago. Income before income taxes was $68.702 million against $70.616 million a year ago.

Safety Insurance Group Inc. Appoints Stephen A. Varga as Vice President of Management Information Systems; Declares Quarterly Cash Dividend, Payable on September 15, 2014

Safety Insurance Group Inc. announced that on August 6, 2014, Stephen A. Varga was appointed the company's Vice President of management information systems. Varga has held various information technology positions with the company since 1992 and has served as Senior Director of MIS since 2004. The Board of Directors of the company approved and declared an increase in the quarterly cash dividend from $0.60 to $0.70 per share on the issued and outstanding common stock, payable on September 15, 2014 to shareholders of record at the close of business on September 2, 2014.

 

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