SAFETY INSURANCE GROUP INC (SAFT) Form 10-Q — Nov 6, 2026
Safety Insurance Group's Q3 2026 net income rose 6% to $30.0 million ($2.06 basic EPS vs $1.91) as the combined ratio improved to 96.3% from 98.9%, helped by lower auto accident frequency and a 15% jump in net investment income. The bigger story is the pending MAPFRE U.S.A. Corp. acquisition: stockholders approved the $105.00-per-share cash merger on November 3, 2026, and the HSR waiting period expired September 14, with Massachusetts insurance regulatory approval still outstanding.
Key figures
- Eps
- 2.06
- Revenue
- 327770
- Net Income
- 30019
- Cash Position
- 0
- Q3 diluted eps
- 2.05
- Q3 combined ratio
- 96.3%
- Q3 2025 net income
- 28310
- Shares outstanding
- 14680482
- Winter storm losses
- 44300
- Merger price per share
- 105
- Nine month diluted eps
- 3.43
- Parent termination fee
- $111.8 million
- Q3 2025 combined ratio
- 98.9%
- Company termination fee
- $46.2 million
- Nine month combined ratio
- 101.7%
- Shareholder approval date
- November 3, 2026
- Hsr waiting period expired
- September 14, 2026
- Nine month 2025 net income
- 79143
- Nine month 2026 net income
- 50213
- Q3 direct written premiums
- 319703
- Credit facility outstanding
- 50000
- Non gaap q3 operating income
- 28551
- Buyback authorization remaining
- 24760
AI analysis
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