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Safety Insurance Q1 turns to net loss of $14.32 million; revenue rises to $314.67 million
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Safety Insurance Q1 turns to net loss of $14.32 million; revenue rises to $314.67 million
  • Safety Insurance Group swung to a net loss of $14.32 million, or $(0.99) per share, as total expenses climbed to $332.53 million.
  • Revenue rose 4.39% to $314.67 million, while losses and loss adjustment expenses increased 30.1% to $247.49 million.
  • Combined ratio widened 14 percentage points to 113.4%, reflecting an 85.1% loss ratio.
  • Direct written premiums edged up 0.3% to $299.78 million, while net investment income increased 16.9% to $17.04 million.
  • Two winter storms generated about 1,650 claims totaling $42.74 million of losses and loss adjustment expenses.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Safety Insurance Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001172052-26-000015), on May 08, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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