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Safety Insurance Group
Property and casualty insurance for individuals and businesses
About Safety Insurance Group
In 1979, Safety Insurance was founded in Boston, Massachusetts, with a core belief: provide the best possible service to customers through independent agents. While the specific founding individuals are not widely publicized, the company's vision was clear from the start—to offer competitive property and casualty insurance, beginning with motor vehicle coverage. The business model focused on building strong relationships with a network of independent agents, a strategy that remains central to its operations today. The company's journey includes a significant milestone in November 2002, when Safety Insurance Group held its Initial Public Offering (IPO) on the Nasdaq. This event provided the capital for further expansion and solidified its independence. From its origins in Massachusetts, the company methodically expanded its reach, entering New Hampshire in 2008 and Maine in 2016. Under the leadership of figures like David F. Brussard, who served as President and CEO until his retirement in 2016, Safety grew into a major regional player. He was succeeded by George M. Murphy, who continues to emphasize the company's commitment to its independent agent network. Today, Safety Insurance is a leading provider of auto, home, and business insurance in Massachusetts, New Hampshire, and Maine, demonstrating the enduring power of its foundational service-oriented approach.
Source: Dealroom company dataKnowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | Jul 2026 | $1.5B | $1.5B | Mapfre | ↗ |
| POST IPO DEBT✓Debt | Jun 2026 | $100M | — | Citizens Bank | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
| Year | Revenue | Growth | Profit | Margin |
|---|---|---|---|---|
| 2026 | $1.3B | 0% | $99M | 7.9% |
| 2025 | $1.3B | +13% | $99M | 7.9% |
| 2024 | $1.1B | +19.8% | $71M | 6.4% |
| 2023 | $926M | +17.9% | ||
| 2022 | $785M | -9.2% | ||
| 2021 | $865M | +2.9% | ||
| 2020 | $840M | — |
Growth signals
Safety Insurance Group's team grew 17.7% over the past year.
Open positions
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series B and later3 investors entered at this stage
- SSSG Americas Securities
Nuveen
Citizens Bank
Other known investors1 additional known investor
Mapfre
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
An AI-synthesised read of the highest-engagement posts about Safety Insurance Group on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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