ALERT
CCC Appraisal Issue
“Safety’s appraisal software vendor, CCC, has advised us that they have resolved the access issues previously reported. However, they are still reporting issues with displaying all the appraisal methods of inspection available to end users. Users should be able to select from "VIPR" Shops, Quick Estimates and Comsearch. VIPR Shop and Quick Estimate should be selected when appropriate. If a field appraisal is required, Comsearch should be selected allowing for the service to be set up and for Safety to reassign it to the appropriate appraisal channel.
CCC is actively working on resolving the problem. We will notify you as soon as these remaining issues are resolved.”
Paul Segota
Director, Field Operations
ALERT
CCC Appraisal Issue - Update
“Safety’s appraisal software vendor, CCC, has advised us that they have resolved the access issues previously reported. However, they are still reporting issues with displaying all the appraisal methods of inspection available to end users. Users should be able to select from "VIPR" Shops, Quick Estimates and Comsearch. VIPR Shop and Quick Estimate should be selected when appropriate. If a field appraisal is required, Comsearch should be selected allowing for the service to be set up and for Safety to reassign it to the appropriate appraisal channel.
CCC is actively working on resolving the problem. We will notify you as soon as these remaining issues are resolved.”
Paul Segota
Director, Field Operations
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Safety in the News
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Safety Insurance Group, Inc. Announces Fourth Quarter and Year Ended 2024 Results PDF
February 25, 2025George M. Murphy, Chairman of the Board of Directors, President and Chief Executive Officer, commented: “For the year ended December 31, 2024, Safety Insurance continued to achieve significant direct written premium growth, which increased 20.4% over the prior year, driving our top-line revenue above $1 billion dollars for the first time in the Company’s history. Our strong top-line growth was a result of an 8.5% increase in overall policy counts and a 10.9% increase in average premium per policy, blended across all lines of business. Along with the increased policy counts, premium rate actions are earning into our results and contributing to improvements in our loss ratios. For the year ended December 31, 2024, Safety Insurance posted a 101.1% combined ratio compared to 107.7% from the prior year. In addition, positive trends in other revenue lines contributed to stronger earnings per share and an increase in book value of 8.4%. For the fourth quarter 2024, Safety posted a 101.9% combined ratio compared to 106.5% in the prior year, as a result of the same factors that are impacting the full year.”
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Safety Insurance Declares First Quarter 2025 Dividend and Timing of Year-End 2024 Results PDF
February 20, 2025The Board of Directors of Safety Insurance Group, Inc. (NASDAQ:SAFT) today approved a $0.90 per share quarterly cash dividend on its issued and outstanding common stock payable on March 14, 2025 to shareholders of record at the close of business on March 3, 2025.
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Safety Insurance Group, Inc. Announces Third Quarter 2024 Results and Declares Fourth Quarter 2024 Dividend PDF
November 5, 2024George M. Murphy, Chairman of the Board of Directors, President and Chief Executive Officer, commented: “The direct written premium growth that Safety has experienced is impacting our top-line revenue, which increased by 21.9% for the nine months ended September 30, 2024 over the prior year. We continue to see increased policy counts and premium rate actions that are earning into our results and contributing to improvements in our loss ratios. While private passenger automobile loss severity trends remain higher than historical averages, we are seeing moderation during the current quarter. Our combined ratio for the quarter improved to 100.7% from 104.8% in the prior year. In addition, ongoing increases in other revenue lines contribute to stronger quarterly earnings per share and an increase in book value of 5.5%.”
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