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Safety Insurance Group

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Property and casualty insurance for individuals and businesses

Boston, United StatesFounded 1979Fintech
Valuation $1.52B Market cap · 2026
Revenue $1.25B Latest reported FY

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 data

At a glance

Status
Listed
Founded
1979
Headquarters
Boston, United States
Listing
IPO 2002
Employees
619
Open positions
11
Dealroom signal
0.0/100
Industry
Fintech
Sector
Fintech
Client focus
b2b

Funding history

5 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITION✓Exit Jul 2026 $1.5B $1.5B Mapfre ↗
POST IPO DEBT✓Debt Jun 2026 $100M — Citizens Bank ↗
Showing the latest 2 of 5 recorded eventsBook a demo for the full funding history →

Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowthProfitMargin
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 —
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Growth signals

Safety Insurance Group team growth

Safety Insurance Group's team grew 17.7% over the past year.

1-year team growth+17.7%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

4 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series B and later3 investors entered at this stage

  • SG Americas Securities
  • Nuveen
  • Citizens Bank

Other known investors1 additional known investor

  • Mapfre
Team profiled 6 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · Boston HQ
Book a demo for the full country breakdown

Market sentiment

Posts on X, past 7 days

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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