Safety Insurance Group, Inc. Announces Third Quarter 2026 Results and Declares Fourth Quarter 2026 Dividend
Safety Insurance Group reported Q3 2026 net income of $30.0 million, or $2.05 per diluted share, up from $28.3 million, or $1.91, a year earlier, with non-GAAP operating EPS of $1.95 versus $1.48. The quarterly combined ratio improved to 96.3% from 98.9%, helped by rate increases earning in and lower auto loss frequency, while net investment income of $17.9 million was the largest quarterly result in company history. Direct written premiums fell 4.3% to $319.7 million on a softening market and cancelled underperforming agency relationships. The board declared a $0.92 per-share quarterly dividend payable December 15, 2026.
Key figures
- Eps
- 2.05
- Revenue
- $327.8 million
- Deal value
- $1.54 billion
- Net income
- $30.0 million
- Combined ratio
- 96.3%
- Dividend per share
- 0.92
- Acquisition premium
- 44%
- Book value per share
- 58.29
- Net income prior year
- $28.3 million
- Net investment income
- $17.9 million
- Non gaap operating eps
- 1.95
- Direct written premiums
- $319.7 million
- Combined ratio prior year
- 98.9%
- Acquisition price per share
- 105
- Net investment income growth
- 15.0%
- Direct written premium change
- -4.3%
- Non gaap operating eps prior year
- 1.48
AI analysis
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