BOSTON (AP) _ Safety Insurance Group Inc. (SAFT) on Wednesday reported a first-quarter loss of $2 million, after reporting a profit in the same period a year earlier.
The Boston-based company said it had a loss of 13 cents per share. Earnings, adjusted for non-recurring costs, came to $1.57 per share.
The automobile insurance provider posted revenue of $181 million in the period.
Safety Insurance shares have declined 17% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $77.21, a drop of 19% in the last 12 months.