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Safety Insurance Group Inc. Message Board

  • iggyiglet iggyiglet May 2, 2012 11:36 AM Flag

    Earnings

    Nhoutsideo, I fully agree with your last post.Should the weather pattern stay mild for the rest of the year, earnings should be very favorable. I called customer relations, and they will report earnings after the bell on this Thursday.

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    • Nhoutsideo, Are you happy with this report, Thanks,Iggy

    • Iggy For a company like Safety to have 250,000 shares short at these prices is a little strange, especially in light of the dividend. When a company is profitable ten out of ten years and last year the profits were light only due to a series of unusual weather events, I don't see the negativity. Knowing the insurance market in Mass, the end result of managed competition is finally reducing competition. Pricing has firmed up dramatically as Commerce and Travelers are pulling back. The recent consumer protection laws re credit and insurance actually help the local companies and Safety is the chief beneficiary. Mass auto has enough quirks that the best way for a Geico or State Farm to write business in Mass is just to buy a company like Safety.

 
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