Safety Insurance Group, Inc.
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Safety Insurance Group, Inc. - Company
Capsule
Reference Code: FS0329CC
Published Date: April 2011
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Safety Insurance Group, Inc. - Company Capsule Page 1
Safety Insurance Group, Inc.
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Safety Insurance Group, Inc. - Company Overview
Safety Insurance Group, Inc. (Safety Insurance) principally offers private passenger automobile insurance in
Massachusetts. The company also offers property and casualty insurance products such as homeowners, commercial
automobile, dwelling fire, umbrella, and business owner policies. The company operates through subsidiaries namely,
Safety Insurance Company, Safety Property and Casualty Insurance Company and Safety Indemnity Insurance
Company. Safety Insurance’s product to small and medium-sized commercial customers covers mercantile
establishments. The company’s commercial package policy program covers number of business enterprises for larger
commercial clients. The company comprises of one business segment: property and casualty insurance operations. The
company has its principal operations in the US. Safety Insurance is headquartered at Boston, Massachusetts the US.
Financial Performance
The company reported total premiums of US$531.97 million during the year 2009.The company's total premiums declined
at a compounded rate of 6.55% during the period 2007-2009 with a year on year decline of 7.73% over fiscal year 2008.
During the fiscal year 2009, its operating margin was 14.01% as against the operating margin of 17.03% in the fiscal year
2008. During the fiscal year 2009, the company’s net profit margin was 10.17% as against the net profit margin of 12.18%
in the fiscal year 2008.
Safety Insurance Group, Inc. - Key Facts
Safety Insurance Group, Inc., Key Facts
20 Custom House Street,
Boston, Massachusetts (MA), Ticker Symbol, Stock
Corporate Address: SAFT (NASDAQ)
Exchange
02110, United States
Telephone + 1 617 9510600 No. of Employees 592
Fax + 1 617 6034837 Financial Year End December
URL www.safetyinsurance.com Revenue (in USD Million) 591.95
Industry Financial Services
Locations United States
Source: Annual Report, Company Website, Primary and Secondary Research
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Safety Insurance Group, Inc. - Company Capsule Page 2
Safety Insurance Group, Inc.
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Safety Insurance Group, Inc. - Major Products and Services
Safety Insurance Group, Inc. offers property and casualty insurance products in the US. Key products of the company
include the following:
Safety Insurance Group, Inc., Major Products and Services
Products:
Private Passenger Auto
Commercial Auto
Homeowners
Business Owners
Personal Umbrella
Commercial Umbrella
Dwelling Fire
Commercial Package Policy
Source: Annual Report, Company Website, Primary and Secondary Research
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Safety Insurance Group, Inc. - Company Capsule Page 3
Safety Insurance Group, Inc.
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Safety Insurance Group, Inc. - Key Competitors
The following companies are the major competitors of Safety Insurance Group, Inc.:
The Hanover Insurance Group
AIG American General Life Companies
Allianz AG
Arbella Insurance Group
Mercury General Corp.
The Commerce Group, Inc.
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Safety Insurance Group, Inc. - Company Capsule Page 4
Safety Insurance Group, Inc.
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Safety Insurance Group, Inc. - Key Employees
Safety Insurance Group, Inc., Key Employees
Name Job Title Board Level Since Age
Vice President - Management
Daniel D. Loranger Information Systems, Chief Information Senior Management 2002 70
Officer
David E. Krupa Vice President - Property Claims Senior Management 2002 49
Chairman, President, Chief Executive
David F. Brussard Executive Board 2001 58
Officer
Edward N. Patrick Vice President - Underwriting Senior Management 2002 61
George M. Murphy Vice President - Marketing Senior Management 2005 43
James D. Berry Vice President - Insurance Operations Senior Management 2005 50
Robert J. Kerton Vice President - Casualty Claims Senior Management 2002 64
Chief Financial Officer, Vice President,
William J. Begley Senior Management 2002 55
Secretary
Source: Annual Report, Company Website, Primary and Secondary Research
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Safety Insurance Group, Inc. - Company Capsule Page 5
Safety Insurance Group, Inc.
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Safety Insurance Group, Inc. - Locations and Subsidiaries
Head Office
Safety Insurance Group, Inc.
20 Custom House Street
Boston
Massachusetts (MA)
Zip: 02110
United States
Tel: + 1 617 9510600
Fax: + 1 617 6034837
Other Locations & Subsidiaries
Safety Insurance Group, Inc., Subsidiaries
Safety Indemnity Insurance Company Safety Insurance Company
United States United States
Safety Property and Casualty Insurance Company Whiteshirts Asset Management Corporation
United States United States
Whiteshirts Management Corporation
United States
Source: Annual Report, Company Website, Primary and Secondary Research
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Safety Insurance Group, Inc. - Company Capsule Page 6
Safety Insurance Group, Inc.
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Safety Insurance Group, Inc. - Financial Ratios
Financial Ratios - Annual Ratios
Safety Insurance Group, Inc., Annual Ratios
Key Ratios Unit/Currency 2010 2009 2008 2007 2006
Equity Ratios
EPS (Earnings per Share) USD 3.74 3.48 4.31