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Safety Insurance Group, Inc. (SAFT)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
85.51+1.12 (+1.33%)
At close: 04:00PM EST
85.51 0.00 (0.00%)
After hours: 04:35PM EST
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Safety Insurance Group, Inc.

20 Custom House Street
Boston, MA 02110
United States
617 951 0600
https://www.safetyinsurance.com

Sector(s)Financial Services
IndustryInsurance—Property & Casualty
Full Time Employees552

Key Executives

NameTitlePayExercisedYear Born
Mr. George Michael Murphy CPCUPres, CEO & Director2.44MN/A1967
Mr. Christopher Thomas WhitfordVP, CFO & Sec.774.3kN/A1983
Mr. James David Berry CPCUVP of Underwriting1.05MN/A1960
Mr. John Patrick DragoVP of MarketingN/AN/A1967
Mr. Glenn Robert HiltpoldVP of Actuarial ServicesN/AN/A1971
Amounts are as of December 31, 2021 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Safety Insurance Group, Inc. provides private passenger and commercial automobile, and homeowner insurance in the United States. The company's private passenger automobile policies offer coverage for bodily injury and property damage to others, no-fault personal injury coverage for the insured/insured's car occupants, and physical damage coverage for an insured's own vehicle for collision or other perils. It also provides commercial automobile policies that offer insurance for commercial vehicles used for business purposes, including private passenger-type vehicles, trucks, tractors and trailers, insure individual vehicles, and commercial fleets; and homeowners policies, which provide coverage for homes, condominiums, and apartments for losses to a dwelling and its contents from various perils, and coverage for liability to others arising from ownership or occupancy. In addition, the company offers business owners policies that cover apartments and residential condominiums, restaurants, office condominiums, processing and services businesses, special trade contractors, and wholesalers. Further, it provides personal umbrella policies, which provide personal excess liability coverage over and above the limits of individual automobile, watercraft, and homeowner's insurance policies; and commercial umbrella and business owner policies, as well as underwrites dwelling fire insurance for non-owner-occupied residences. Additionally, the company offers inland marine coverage for homeowners and business owner policies, and watercraft coverage for small and medium sized pleasure crafts. It distributes its products through independent agents. The company was formerly known as Safety Holdings Inc and changed its name to Safety Insurance Group, Inc. in April 2002. Safety Insurance Group, Inc. was founded in 1979 and is headquartered in Boston, Massachusetts.

Corporate Governance

Safety Insurance Group, Inc.’s ISS Governance QualityScore as of January 28, 2023 is 2. The pillar scores are Audit: 1; Board: 5; Shareholder Rights: 3; Compensation: 2.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.
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