Safety Insurance Group
Writes auto, homeowners, and small-business coverage through independent New England agents.
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Profile
Writes property-and-casualty policies through independent agents in Massachusetts, New Hampshire, and Maine, anchored by private passenger auto coverage. Homeowners, commercial auto, businessowners, dwelling fire, and umbrella policies round out a single insurance segment concentrated in Massachusetts.
Underwrites private passenger auto, homeowners, commercial auto, businessowners, dwelling fire, and umbrella policies through its insurance subsidiaries. The business is concentrated in Massachusetts, with smaller operations in New Hampshire and Maine, and is sold through independent agents rather than direct channels.
Service is built around keeping agency and policyholder workflows simple, supported by agent tools and safe-driving information. The company also owns Safety Northeast Insurance Agency, which adds channel insight around independent-agent distribution.
Results depend on Massachusetts auto-insurance conditions, state insurance regulation, agent relationships, and catastrophe exposure from coastal storms, partly managed through catastrophe reinsurance.
Company facts
Key statistics
Year to date +36.9% · Average volume (30d) 302.7K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $2.00 | $2.03 | +1.5% | $520.8M | $341.8M | −34.4% | 0.00% |
| May 6, 2026Q1 FY26 | $1.45 | −$0.72 | −149.7% | $315.0M | $299.8M | −4.8% | −1.92% |
| Feb 25, 2026Q4 FY25 | $1.28 | $1.51 | +18.0% | $315.3M | $299.6M | −5.0% | −0.90% |
| Nov 3, 2025Q3 FY25 | $1.80 | $1.48 | −17.8% | — | $323.2M | — | +3.14% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $299.6M | $315.9M | $323.2M | $315.3M | $315.0M | $520.8M | |
| Gross profit | $109.3M | $121.7M | $118.2M | $107.6M | $67.5M | $325.7M | |
| Operating income | $28.2M | $36.8M | $36.2M | $25.4M | −$17.9M | $43.8M | |
| Net income | $21.9M | $28.9M | $28.3M | $20.1M | −$14.3M | $34.5M | |
| Diluted EPS | $1.48 | $1.95 | $1.90 | $1.37 | −$0.99 | $2.36 | |
| Gross margin | 36.5% | 38.5% | 36.6% | 34.1% | 21.4% | 62.5% | |
| Operating margin | 9.4% | 11.7% | 11.2% | 8.1% | -5.7% | 8.4% |
Fiscal years (4-quarter sums)FY21 $885.5M · FY22 $764.2M · FY23 $925.9M · FY24 $1.11B · FY25 $1.25B
Balance sheet, Jun 30, 2026Cash & short-term investments $1.60B · Total debt $59.8M · Total assets $2.50B · Shareholders' equity $876.7M
Dividends
Raised for 22 straight years — most recently to $0.92 from $0.90 in Sep 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 1, 2026 | Jun 1 | Jun 12 | $0.92 | |
| Mar 2, 2026 | Mar 2 | Mar 13 | $0.92 | |
| Dec 1, 2025 | Dec 1 | Dec 15 | $0.92 | |
| Sep 2, 2025 | Sep 2 | Sep 15 | $0.92 | raised from $0.90 |
| Jun 2, 2025 | Jun 2 | Jun 13 | $0.90 | |
| Mar 3, 2025 | Mar 3 | Mar 14 | $0.90 | |
| Dec 2, 2024 | Dec 2 | Dec 13 | $0.90 | |
| Sep 3, 2024 | Sep 3 | Sep 13 | $0.90 |
Ownership
Shares outstanding 14.68M · Float 14.35M · 97.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 2.29M | 15.59% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 846.7K | 5.77% | 13F | Aug 13, 2026 |
| State Street Corp | 800.3K | 5.45% | 13F | Aug 7, 2026 |
| Dimensional Fund Advisors LP | 731.2K | 4.98% | 13F | Aug 11, 2026 |
| Vanguard Capital Management LLC | 655.6K | 4.47% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 27, 2026 | SRB Corp | 10 percent owner | −1,240,352 | $103.07 |
| Jul 24, 2026 | SRB Corp | 10 percent owner | −38,835 | $103.08 |
| Jul 17, 2026 | SRB Corp | 10 percent owner | −5,159 | $76.03 |
| Jul 13, 2026 | SRB Corp | 10 percent owner | −34,272 | $76.04 |
| Jul 9, 2026 | SRB Corp | 10 percent owner | −2,650 | $76.51 |
Peers
- Progressive
Scaled auto insurer overlapping in personal, commercial, and home lines
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Safety Insurance Group | $103.64 | −0.01% | $1.52B | 22.3 | — | 1.0 | +8.1% |
| Progressive | $217.33 | −0.61% | $127.12B | 11.0 | 13.3 | 1.4 | −4.2% |
| Median | 11.0 | 13.3 | 1.4 | −4.2% |