SAFT News & Events

Reports Q4 revenue $293.19M vs. $269.05M last year. George M. Murphy, Chairman of the Board of Directors, President and CEO, commented: "In 2025, Safety achieved a combined ratio of 99.0% for the year ended December 31, 2025, compared to 101.1% from 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. Our improved underwriting results, coupled with favorable results in other revenue lines, positively impacted earnings per share, which improved to $6.72 for the year ended December 31, 2025, compared to $4.79 for the same period in the prior year. For the year ended December 31, 2025, we saw our book value per share increase to $60.98, from $55.83 for the same period in the prior year, an increase of 9.2% year-over-year."

Reports Q3 direct written premiums up 19.1% y/y, to $318.2M. George M. Murphy, CEO, 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%."