Brief: Safety Insurance Reached Agreement To Settle Litigation Involving Liability Claim

Safety Insurance

16/09/2019 22:31

Sept 16 (Reuters) - Safety Insurance Group Inc  SAFT.O :
    * SAFETY INSURANCE GROUP -  ON SEPT 12, CO REACHED AN
AGREEMENT TO
SETTLE LITIGATION INVOLVING A LIABILITY CLAIM SEEKING TO RECOVER
EXTRA-CONTRACTUAL DAMAGES AGAINST ONE OF CO’S PERSONAL UMBRELLA
POLICYHOLDERS
    * SAFETY INSURANCE GROUP -  NET EXPECTED PRE-TAX INCOME
IMPACT
FROM THIS SETTLEMENT ON Q3 2019 EARNINGS IS $15.5 MILLION WHICH
REPRESENTS AN AFTER-TAX IMPACT OF $12.3 MILLION

Source text: (http://www.sec.gov/Archives/edgar/data/1172052/000117205219000026/0001172052-19-000026-index.htm)
Further company coverage:  SAFT.O 

 ((Reuters.Briefs@thomsonreuters.com;))