Safety Insurance Q2 FY26 net income rises 19.38% to $34.5 million; combined ratio narrows 2.4 percentage points to 95.7% - SAFT News | RalliesSafety Insurance Q2 FY26 net income rises 19.38% to $34.5 million; combined ratio narrows 2.4 percentage points to 95.7%
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SAFT• Acquisition and dividend
- On July 23, an affiliate of Mapfre agreed to buy Safety for about $1.54 billion, paying $105 per share in cash.
- The board declared a $0.92 per share quarterly dividend payable Sept. 15 to shareholders of record Sept. 1.
Quarterly results and underwriting performance
- Safety Insurance Group posted Q2 net income of $34.5 million, or $2.36 per diluted share, up from $28.9 million, or $1.95, a year earlier.
- Combined ratio narrowed 2.4 percentage points to 95.7% as the loss ratio improved to 66.9% from 68.8%.
- Net earned premiums rose 3.4% to $291.7 million, while net written premiums fell 1.9% to $313.5 million.
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