Safety Insurance Drove Up Net Income by 40% in 2025

Safety Insurance Group, Inc. reported that net income for the full year 2025 was $99.3 million compared to net income of $70.7 million for the 2024, a 40% increase.

Net income for the quarter ended December 31, 2025 was $20.1 million compared to net income of $8.1 million for the comparable 2024 period — a increase of almost 150%..

In 2025, Safety achieved a combined ratio of 99.0% for the full year compared to 101.1% from the prior year. “The year-over-year improvement in combined ratio reflects the impact of our prior year growth in policy counts and rate increases earning into top-line results,” according to George M. Murphy, chairman, president and chief executive officer.

Direct written premiums for the fourth quarter of 2025 increased by $7.6 million, or 2.6%, to $299.6 million from $292.0 million for the comparable 2024 period. Direct written premiums for last year increased by $85.5 million, or 7.2%, to $1,278.6 million from $1,193.1 million for 2024.

Net written premiums for the quarter increased by $16.7 million, or 6.5%, to $272.2 million from $255.5 million for the comparable 2024 period. Net written premiums for the year 2025 increased by $82.2 million, or 7.5%, to $1,175.7 million from $1,093.5 million for 2024.

The insurer said the increases in direct written premiums and net written premiums were a result of rate increases. For the year, average written premium per policy compared to 2024 increased 8.1% in private passenger auto, 4.6% in commercial automobile and 9.7% in homeowners.

Safety said the year-over-year improvement in combined ratio reflected growth in policy counts and rate increases earning into top-line results.

Safety Insurance Group, Inc., based in Boston, operates exclusively in Massachusetts, New Hampshire, and Maine, offering private passenger automobile, commercial automobile, homeowners, dwelling fire, umbrella and business owner policies.

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