Safety Insurance Declares First Quarter 2024 Dividend and Timing of Year-End 2023 Results
February 16 2024 - 10:30AM
Business Wire
The Board of Directors of Safety Insurance Group, Inc.
(NASDAQ:SAFT) today approved a $0.90 per share quarterly cash
dividend on its issued and outstanding common stock payable on
March 15, 2024 to shareholders of record at the close of business
on March 1, 2024.
Safety plans to announce its fourth quarter and year-end 2023
results on February 27, 2024, with its Annual Report on Form 10-K
to be filed with the U.S. Securities and Exchange Commission no
later than February 29, 2024. Safety also plans to hold its 2024
Annual Meeting of Shareholders in Boston, Massachusetts, on May 15,
2024 at 10:00 a.m.
About Safety: Safety Insurance Group, Inc. is the parent of
Safety Insurance Company, Safety Indemnity Insurance Company,
Safety Property and Casualty Insurance Company, Safety Northeast
Insurance Company, and Safety Northeast Agency. Operating
exclusively in Massachusetts, New Hampshire and Maine, Safety is a
leading writer of property and casualty insurance products,
including private passenger automobile, commercial automobile,
homeowners, dwelling fire, umbrella and business owner policies.
For more information, visit SafetyInsurance.com.
Additional Information:
Press releases, announcements, U. S. Securities and Exchange
Commission (“SEC”) Filings and investor information are available
under “About Safety,” “Investor Information” on our Company website
located at www.SafetyInsurance.com. Safety filed its December 31,
2022 Form 10-K with the SEC on February 28, 2023 (“2022 Form 10-K”)
and urges shareholders to refer to this document for more complete
information concerning Safety’s financial results.
Cautionary Statement under "Safe Harbor" Provision of the
Private Securities Litigation Reform Act of 1995: This press
release contains, and Safety may from time to time make, written or
oral "forward-looking statements" within the meaning of the U.S.
federal securities laws. Forward-looking statements can be
identified by the fact that they do not relate strictly to
historical or current facts. They often include words such as
“believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,”
“aim,” “projects,” or words of similar meaning and expressions that
indicate future events and trends, or future or conditional verbs
such as “will,” “would,” “should,” “could,” or “may”. All
statements that address expectations or projections about the
future, including statements about the Company’s strategy for
growth, product development, market position, expenditures and
financial results, are forward-looking statements.
Forward-looking statements are not guarantees of future
performance. By their nature, forward-looking statements are
subject to risks and uncertainties. There are a number of factors,
many of which are beyond our control, that could cause actual
future conditions, events, results or trends to differ
significantly and/or materially from historical results or those
projected in the forward-looking statements. These factors include
but are not limited to:
- The competitive nature of our industry and the possible adverse
effects of such competition;
- Conditions for business operations and restrictive regulations
in Massachusetts;
- The possibility of losses due to claims resulting from severe
weather;
- The impact of inflation and supply chain delays on loss
severity;
- The possibility that the Commissioner of Insurance may approve
future rule changes that change the operation of the residual
market;
- The possibility that existing insurance-related laws and
regulations will become further restrictive in the future;
- The impact of investment, economic and underwriting market
conditions, including interest rates and inflation;
- Our possible need for and availability of additional financing,
and our dependence on strategic relationships, among others;
and
- Other risks and factors identified from time to time in our
reports filed with the SEC, such as those set forth under the
caption “Risk Factors” in our Form 10-K for the year ended December
31, 2022 filed with the SEC on February 28, 2023.
We are not under any obligation (and expressly disclaim any such
obligation) to update or alter our forward-looking statements,
whether as a result of new information, future events, or
otherwise. You should carefully consider the possibility that
actual results may differ materially from our forward-looking
statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20240216354748/en/
Safety Insurance Group, Inc. Office of Investor Relations
877-951-2522 InvestorRelations@SafetyInsurance.com
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