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Safety Insurance Group Inc. Message Board

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  • nhoutsideobserver nhoutsideobserver Jul 20, 2007 5:13 PM Flag

    Is this a take over target?

    My take is that management probably would addition, while insurance companies are flush with cash and 2006 was very profitable and 2007 probably will be, companies looking to grow are more likely to make acquisitions versus cutting rates. Safety is a great acquisition becomes they have been well managed and have an excellent agency base. For a company like Liberty, they would be better off buying Safety at 1.3 book value than cutting their rates on their Mass business. For a non-Mass company, you would be buying a great company at a low premium.

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