Safety Insurance Q4 net income rises to $20.1 mln

Safety Insurance

25/02/2026 21:17

Overview

Insurance provider's Q4 net income rose to $20.1 mln, driven by improved underwriting results

Company repurchased $20 mln of shares in Q4 2025

Q4 direct written premiums increased 2.6% yr/yr to $299.6 mln

Outlook

Company did not provide specific guidance for future quarters or full year

Result Drivers

UNDERWRITING IMPROVEMENT - Safety's improved underwriting results led to a lower combined ratio of 99.4% in Q4, down from 101.9% in the prior year period

PREMIUM GROWTH - Direct written premiums rose 2.6% in Q4 2025 due to rate increases

INVESTMENT INCOME - Net investment income increased by 14.3% in Q4, driven by higher interest rates on fixed maturity portfolio

Company press release: ID:nBwbCMfHHa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
$319.34 mln
Q4 EPS
$1.36
Q4 Net Income
$20.11 mln
Q4 Adjusted Operating Income
$22.34 mln
Q4 Pretax Profit
$25.42 mln


Analyst Coverage

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)