Safety Insurance Group NASDAQ:SAFT shares surged about 40% on early Friday after the insurer agreed to be acquired by Mapfre in an all-cash transaction valued at approximately $1.54 billion.Under the terms of the agreement, Safety Insurance shareholders will receive $105 per share in cash, represen…
Net earnings rose over 9% to EUR 624 million with strong growth in Spain, the U.S., and Brazil. The $1.54 billion Safety Insurance acquisition will boost U.S. market share and synergies, while S&P upgraded the credit rating to A. Cautious outlook maintained amid global uncertainties.Based on Mapfre…
Net earnings rose over 9% to EUR 624 million, with strong growth in Spain, the U.S., and Brazil. The Safety Insurance acquisition will boost U.S. scale and profitability, while S&P upgraded the group’s credit rating, citing limited risk from the deal.Based on Mapfre SA [MAP] Q2 2026 (Media) Audio T…
Record first-half profit and strong technical performance across core markets, with the Safety Insurance acquisition set to boost U.S. presence and group net income. Solid solvency and capital position maintained, despite softening market conditions and regional challenges.Based on Mapfre SA [MAP…
Record first-half profit and strong technical performance were reported, with robust growth in Iberia, Brazil, and North America. The Safety Insurance acquisition will strengthen the U.S. position and is expected to be accretive, while capital and solvency remain strong.Based on Mapfre SA [MAP] Q2…
Premiums grew 1.1% year-over-year to €16.1 billion, with adjusted net result up 9.4% to €624 million and a group combined ratio of 92.8%. The acquisition of Safety Insurance strengthens US market presence and is expected to deliver significant synergies.Original document: Mapfre SA [MAP] Slides Rel…
Safety Insurance Group Inc. (NASDAQ:SAFT) (“Safety”), one of the leading property and casualty insurers in Massachusetts and across New England, today announced that it has entered into a definitive agreement under which an affiliate of Mapfre S.A. ("Mapfre") will acquire Safety in an all-cash tran…
