Safety Insurance Group (SAFT) Declares $0.90 Quarterly Dividend; 4.1% Yield

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Go back to Safety Insurance Group (SAFT) Declares $0.90 Quarterly Dividend; 4.1% Yield

Safety Insurance Group, Inc. Announces First Quarter 2022 Results and Declares Second Quarter 2022 Dividend

May 4, 2022 4:05 PM EDT

BOSTON--(BUSINESS WIRE)-- Safety Insurance Group, Inc. (NASDAQ: SAFT) (the Company or Safety) today reported first quarter 2022 results.

George M. Murphy, President and Chief Executive Officer, commented: We continue to see our operating results return to pre-COVID-19 pandemic levels. For the quarter ending March 31, 2022, we have posted a combined ratio of 98.7%, which is impacted by a return to pre-pandemic level frequency in our private passenger line of business and an increase in physical damage inflation costs. As always, we are focused on our expense ratio that improved this quarter compared to 2021 and is on... More