Safety Insurance Group Inc (SAFT) News & EventsSAFTNews & EventsSafety Insurance Group Inc

Google Parent Company Shares Drop 7% to 3-Month Low

Mega-cap Tech weighed heavily on sentiment in Thursday's trading as elevated capex plans by Alphabetand Teslaworried investors. Parent of Google fell 7% to trade at a 3-month lows, while Tesla shed 15%, falling to 2026 lows below $320. Every other member of the MAG-7 also traded lower on the day, as Communication Services, Consumer Cyclicals, and Technology sectors underperformed. Health Care and Industrials were the best performing sectors in the S&P 500, with Energy also bid amid ongoing Iran-US tensions. WTI Crude Oil was up for the fifth consecutive day, rising above $92 per barrel - the highest level in over a month.In the opening hours of the evening session on Thursday, S&P e-minis are flat while Nasdaq 100 contract is up 0.2%. Blowout earnings result out of Intelis making an attempt to rightsize the ship, seemingly sent adrift by the floundering Tech space, where Semiconductor ETFhas now fallen 13% from its June 22nd high. Friday may well see a bounce, especially in light of the market tolerating higher capex plans by the chipmaker. The earnings calendar remains hot and heavy next week however, with Microsoftand Metadue out on Wednesday and Appleand Amazonon the docket for Thursday.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Tenet Healthcareup 12.6%Edwards Lifesciencesup 4.2%Intelup 3.7%; Semiconductor Equipment companies higher on Intel plans to increase CapEx in FY26 and FY27. Applied Materialsup 2.1%, KLA Corpup 1.7%, and LAM Researchup 1.6%Enova Internationalup 1.5%ALSO HIGHER -Safety Insurance Groupup 37.6% after announcing acquisition by MapfreAmkor Technologyup 13.2% after disclosing partnership with NvidiaDOWN AFTER EARNINGS -MaxLineardown 12.1%JAKKS Pacificdown 11.5%Summit Therapeuticsdown 5.3%Robert Halfdown 4.3%Deckers Outdoordown 3.4%AppFoliodown 2.4%Newmontdown 1.4%Comfort Systems USAdown 1.4%

Mapfre to Acquire Safety Insurance for $1.54 Billion

Safety Insurance Group (SAFT) announced that it has entered into a definitive agreement under which an affiliate of Mapfre S.A. (MPFRF) will acquire Safety in an all-cash transaction valued at approximately $1.54B. Under the terms of the agreement, Safety shareholders will receive $105 for each Safety common share in cash, which represents a premium of 44% on Safety's stock price as of July 23, 2026. The transaction has been unanimously approved by the Board of Directors of Safety and approved by the Board of Directors of Mapfre and is expected to close during the first quarter of 2027, subject to customary closing conditions and regulatory approvals, which include obtaining prior approval of the Massachusetts Commissioner of Insurance and the termination or expiration of any waiting period applicable under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.

Safety Reports Q4 Revenue of $293.19M for 2025

Reports Q4 revenue $293.19M vs. $269.05M last year. George M. Murphy, Chairman of the Board of Directors, President and CEO, commented: "In 2025, Safety achieved a combined ratio of 99.0% for the year ended December 31, 2025, compared to 101.1% from the prior year. The year-over-year improvement in combined ratio reflects the impact of our prior year growth in policy counts and rate increases earning into top-line results. Our improved underwriting results, coupled with favorable results in other revenue lines, positively impacted earnings per share, which improved to $6.72 for the year ended December 31, 2025, compared to $4.79 for the same period in the prior year. For the year ended December 31, 2025, we saw our book value per share increase to $60.98, from $55.83 for the same period in the prior year, an increase of 9.2% year-over-year."