SAFT Stock Recent News

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 attractive for investment compared to other profitable insurers like Travelers and Chubb.

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, or Progressive.

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BOSTON--(BUSINESS WIRE)--Safety Insurance Group, Inc. (NASDAQ: SAFT) today announced a change for its 2022 Annual Meeting of Shareholders scheduled for Wednesday, June 1, 2022, at 10:00 a.m. to update a teleconference number for shareholders to dial-in remotely. Shareholders will be able to listen to a live teleconference of the meeting by dialing in at (866) 705-2554. The participation code for the meeting is 410073. The process for voting shares at the 2022 Annual Meeting of Shareholders rema