SAFT news

Safety Insurance reported a 2026 third quarter combined ratio of 96.3% and declared a $0.92 quarterly dividend. The company announced a $1.54 billion all-cash acquisition by Mapfre.

Safety Insurance Group agreed to be acquired by an affiliate of Mapfre in an all-cash deal valued at $1.54 billion, or $105 per share. The transaction, which has board approval, positions Safety within the global firm while maintaining its New England operations.

Safety Insurance Group secured a $50 million increase to its revolving credit facility with Citizens Bank as administrative agent, bringing total commitments higher despite prior increase options being exhausted. The expanded credit capacity strengthens the insurer's liquidity position and financial…