Safety Insurance Group (SAFT) Reports Q3 EPS of $1.13

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Go back to Safety Insurance Group (SAFT) Reports Q3 EPS of $1.13

Safety Insurance Group, Inc. Announces Third Quarter 2022 Results and Declares Fourth Quarter 2022 Dividend

November 2, 2022 4:05 PM EDT

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

George M. Murphy, President and Chief Executive Officer, commented: The industry continues to experience strong headwinds as operating results are adversely impacted by inflationary trends and rising interest rates that negatively impact our investment portfolio. For the quarter ending September 30, 2022, we have posted a combined ratio of 97.1%, which demonstrates our strong underwriting discipline and focus on expense management. Also, shortly after quarter end, we were pleased to announce a letter of intent to acquire Northeast Insurance... More