SAFETY INSURANCE GROUP INC
Close on Oct 19, 2026
- Market cap
- $1.51B
- P/E (TTM)
- 22.4
- Dividend yield
- 3.51%
About Safety Insurance
Fire, Marine & Casualty Insurance, SIC 6331
Safety Insurance Group provides personal and commercial property and casualty insurance products. Its primary offerings include private passenger automobile, commercial automobile, and homeowners insurance. The company also provides business owner policies, dwelling fire coverage, personal and commercial umbrella insurance, as well as inland marine and watercraft endorsements. Its operations serve individual consumers seeking coverage for personal vehicles, residences, and excess liability, as well as small- to medium-sized commercial clients, such as restaurants, offices, trade contractors, and wholesale businesses.
The company operates exclusively within Massachusetts, New Hampshire, and Maine through four insurance underwriting subsidiaries. It distributes its policies entirely through an independent agent network comprising 797 independent agencies across 1,063 office locations with approximately 10,853 customer service representatives. Safety Insurance Group maintains its corporate headquarters in Boston, Massachusetts.
Summary of the business section of Safety Insurance's latest annual report, written by StockData.
Company profile
Company
- Legal name
- SAFETY INSURANCE GROUP INC
- Founded
- 1979
- Headquarters
- Boston, MA
- Address
- 20 Custom House Street 02110
- Phone
- (617) 951-0600
- Website
- safetyinsurance.com
- Employees
- 568, Dec 31, 2025
- Industry
- Fire, Marine & Casualty Insurance
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- Deloitte & Touche LLP, Boston, Massachusetts
Stock & identifiers
- Ticker
- SAFT
- Exchange
- Nasdaq
- IPO date
- Nov 22, 2002
- Shares outstanding
- 15M, Aug 3, 2026
- Public float
- $1.16B, Jun 30, 2025
- Filer category
- Large accelerated filer
- SEC CIK
- 1172052
- CUSIP
- 78648T100
- ISIN
- US78648T1007
- LEI
- 254900LDCFLA3J746840
- EIN
- 13-4181699
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| George Murphy | PRESIDENT AND CEO, Director | 118,122 |
| Glenn Hiltpold | VP OF ACTUARIAL SERVICES | 15,148 |
| Paul J. Narciso | VP - CLAIMS | 40,592 |
| Stephen Albert Varga | VP - MIS | 31,931 |
| John Patrick Drago | VP - MARKETING | 32,448 |
| Mary Frances McConnell | VP of Underwriting | 9,471 |
| Brian Siu-Gae Lam | VP of Insurance Operations | 9,277 |
| Christopher Thomas Whitford | VP, CFO AND SECRETARY | 23,158 |
| Mary Coffey Moran | Director | 7,083 |
| Thalia Meehan | Director | 10,083 |
| John Daniel Farina Jr. | Director | 5,083 |
| Deborah E. Gray | Director | 5,083 |
| Dennis J. Langwell | Director | 9,083 |
| Charles Joseph Brophy III | Director | 12,083 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 George M. Murphy | $4.19M | $3.81M | $1.32M | $125 | $134 |
| FY2024 George M. Murphy | $3.68M | $3.27M | $1.22M | $126 | $129 |
| FY2023 George M. Murphy | $1.96M | $664.62K | $831.21K | $111 | $104 |
| FY2022 George M. Murphy | $2.75M | $2.52M | $1.10M | $118 | $92 |
| FY2021 George M. Murphy | $3.24M | $3.64M | $1.25M | $114 | $89 |
| FY2020 George M. Murphy | $3.45M | $3.48M | $1.23M | $88 | $99 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“At December 31, 2025, we employed 568 employees who all work in the New England region.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Sep 14, 2026 | Merger vote | Definitive merger proxy statement |
| May 8, 2024 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Jun 4, 2021 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Dec 20, 2002 | Name change | Name changed from SAFETY HOLDINGS INC to SAFETY INSURANCE GROUP INC |
| Nov 22, 2002 | IPO | Initial public offering priced (424B4 prospectus) |