Safety Insurance Group, Inc. Share News

BOSTON--(BUSINESS WIRE)--Safety Insurance Group, Inc. (NASDAQ:SAFT) (“Safety” or the “Company”) today reported fourth quarter and year ended 2023 results. George M. Murphy, Chairman of the Board of Directors, President and Chief Executive Officer, commented: “2023 saw Safety Insurance post record top-line growth as Direct Written Premiums increased by 20.4% as a result of a 10.2% increase in ov...

BOSTON--(BUSINESS WIRE)--The Board of Directors of Safety Insurance Group, Inc. (NASDAQ:SAFT) today approved a $0.90 per share quarterly cash dividend on its issued and outstanding common stock payable on March 15, 2024 to shareholders of record at the close of business on March 1, 2024. Safety plans to announce its fourth quarter and year-end 2023 results on February 27, 2024, with its Annual ...

At first blush, focusing on low-volatility stocks may appear an overly pessimistic strategy. After all, the benchmark S&P 500 gained almost 8% in the trailing month.

In the past, Safety Insurance was considered a superior insurer compared to Mercury. However, Mercury has demonstrated encouraging signs of profitability recovery. Safety Insurance reported worsened insurance margins and a decline in underwriting margin due to claims inflation and weather events. Both Mercury General and Safety Insurance are facing operational challenges, making them less attra...

Today we'll discuss five of the steadiest dividend stocks on the planet. And let's not confuse stability with penny pinching—these cash cows yield up to 11%!

Safety Insurance Group outperforms Mercury General in terms of underwriting performance and market performance. Safety Insurance has maintained a stable dividend and has a healthier financial position compared to Mercury General. Despite its better performance, Safety Insurance is fairly-valued and may not be the best investment choice compared to other insurance companies like Allstate, Chubb,...

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