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Claims Ratio % is the percentage of claims costs incurred in relation to the premiums earned.
Safety Insurance Group's Claims Ratio % for the quarter that ended in Dec. 2023 was 76.10% , which is higher than 74.40% for the pervious quarter ended in Sep. 2023.
Safety Insurance Group's Claims Ratio % for the annual that ended in Dec. 2023 was 77.00% , which is higher than 64.90% for the pervious year ended in Dec. 2022.
The historical rank and industry rank for Safety Insurance Group's Claims Ratio % or its related term are showing as below:
The historical data trend for Safety Insurance Group's Claims Ratio % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Safety Insurance Group Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Claims Ratio % | Get a 7-Day Free Trial | ||||||||||
Expense Ratio % | Get a 7-Day Free Trial | ||||||||||
Combined Ratio % | Get a 7-Day Free Trial |
Safety Insurance GroupQuarterly Data | |||||||||||||||||||||||||||||||||||||||||
Trend | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |||||||||||||||||||||
Claims Ratio % | Get a 7-Day Free Trial | ||||||||||||||||||||||||||||||||||||||||
Expense Ratio % | Get a 7-Day Free Trial | ||||||||||||||||||||||||||||||||||||||||
Combined Ratio % | Get a 7-Day Free Trial |
For the Insurance - Property & Casualty subindustry, Safety Insurance Group's Claims Ratio %, along with its competitors' market caps and Claims Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Claims Ratio % is calculated as
Claims Ratio % | = | Total Claims | / | Total Premiums Earned | * | 100% |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Safety Insurance Group (NAS:SAFT) Claims Ratio % Explanation
Claims Ratio % the percentage of claims costs incurred in relation to the premiums earned during the period. It is the equivalent of gross profit margin for an insurance company.
It's important to note that insurance is the business of managing risks and, to do that well, the insurer needs a thorough understanding of the incurred claims ratio. If the value is higher than expected or above established norms, then further investigation is required to figure out why that is (eg: fraud). If it is lower than expected, it could indicate irrelevant products or difficulties in claiming, possibly affecting customer satisfaction.
Thank you for viewing the detailed overview of Safety Insurance Group's Claims Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Glenn Hiltpold | officer: VP of Actuarial Services | 20 CUSTOM HOUSE STREET, BOSTON MA 02110 |
Brophy Charles Joseph Iii | director | 20 CUSTOM HOUSE STREET, BOSTON MA 02110 |
Dennis J. Langwell | director | C/O LIBERTY MUTUAL GROUP, 175 BERKELEY STREET, BOSTON MA 02116 |
Srb Corp | 10 percent owner | 695 ATLANTIC AVENUE, BOSTON MA 02111 |
Peter J Manning | director | FLEETBOSTON FINANCIAL CORP, 100 FEDERAL STREET, BOSTON MA 02110 |
Christopher Thomas Whitford | officer: VP, CFO and Secretary | 20 CUSTOM HOUSE STREET, BOSTON MA 02110 |
Stephen Albert Varga | officer: VP - MIS | 20 CUSTOM HOUSE STREET, BOSTON MA 02110 |
James Berry | officer: VP - Insurance Operations | C/O SAFETY INSURANCE, 20 CUSTOM HOUSE STREET, BOSTON MA 02110 |
Farina John Daniel Jr. | director | 20 CUSTOM HOUSE ST, BOSTON MA 02110 |
Deborah E Gray | director | 20 CUSTOM HOUSE STREET, BOSTON MA 02110 |
Frederic H Lindeberg | director | C/O SAFETY INSURANCE GROUP, INC., 20 CUSTOM HOUSE STREET, BOSTON MA 02110 |
Ann Marie Mckeown | officer: V.P Insurance Operations | 20 CUSTOM HOUSE STREET, BOSTON MA 02110 |
Moran Mary Coffey | director | DANVERS BANCORP, INC., ONE CONANT STREET, DANVERS MA 01923 |
David E Krupa | officer: VP - Property Claims | |
David D Mckown | director |
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