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Safety Insurance Group, Inc. Announces Fourth Quarter and Year Ended 2024 Results

1. Q4 and 2024 earnings show 20.4% premium growth and $1B revenue milestone. 2. Strong performance signals potential positive impact for SAFT stock and industry peers.

Earnings
-5.52%Current Return
VS
+0.04%S&P 500
$79.6702/25 04:56 PM EDTEvent Start
$75.2702/26 11:38 PM EDTLatest Updated
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FAQ

Why Bullish?

The impressive 20.4% premium growth and milestone revenue suggest robust operational performance, similar to past earnings beats that lifted insurance stocks. Historical examples include insurers that saw immediate price gains following record premium reports.

How important is it?

The revenue milestone and strong premium growth are significant, but other market factors also play a role in SAFT's price movement.

Why Short Term?

Earnings announcements typically drive near-term trading reactions, as seen in previous Q4 results from comparable firms.

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ALLPGRTRV
BOSTON--(BUSINESS WIRE)--Safety Insurance Group, Inc. (NASDAQ:SAFT) (“Safety” or the “Company”) today reported fourth quarter and year ended 2024 results. George 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 t.

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