Safety Insurance Group, Inc. Announces First Quarter 2026 Results and Declares Second Quarter 2026 Dividend
Safety Insurance reported a Q1 net loss of $14.3 million, or $0.99 per share, compared to net income of $21.9 million a year ago, due largely to two severe winter storms causing $42.7 million in damages. Despite the weather-related losses, net earned premiums increased 6.7% to $291.0 million and net investment income grew 16.9% to $17.0 million.
Key figures
- Revenue
- 291000000
- Revenue Yoy
- 6.7%
- Combined ratio
- 113.4%
- Dividend declared
- 0.92
- Catastrophe losses
- $42.7 million
- Net earned premiums
- $291.0 million
- Book value per share
- $58.28
- Net investment income
- $17.0 million
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