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Safety Insurance Group Claims Ratio %

: 56.70% (As of Jun. 2021)
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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 Jun. 2021 was 56.70% , which is lower than 57.80% for the pervious quarter ended in Mar. 2021.

Safety Insurance Group's Claims Ratio % for the annual that ended in Dec. 2020 was 52.50% , which is lower than 64.60% for the pervious year ended in Dec. 2019.

The historical rank and industry rank for Safety Insurance Group's Claims Ratio % or its related term are showing as below:


Safety Insurance Group Claims Ratio % Historical Data

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.

* Premium members only.

Safety Insurance Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20
Claims Ratio %
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Safety Insurance GroupQuarterly Data
Trend Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Claims Ratio %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only

Competitive Comparison

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.

   

Safety Insurance Group  (NAS:SAFT) Claims Ratio % Calculation

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.


Safety Insurance Group Claims Ratio % Related Terms

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.


Safety Insurance Group Business Description

Safety Insurance Group logo
Industry
Financial Services » Insurance NAICS : 524126 SIC : 6331
Traded in Other Exchanges
Address
20 Custom House Street, Boston, MA, USA, 02110
Safety Insurance Group Inc is a provider of private passenger automobile insurance in Massachusetts. The company also offers property and casualty insurance products, including commercial automobile, homeowners, dwelling fire, umbrella, and business owner policies. It operates in the business segment of Property and casualty insurance operations.
Executives
Srb Corp 10 percent owner 125 HIGH STREET OLIVER STREET TOWER, 9TH FLOOR BOSTON MA 02110
Plymouth Rock Co Inc 10 percent owner 695 ATLANTIC AVENUE BOSTON MA 02111
Lindeberg Frederic H director C/O SAFETY INSURANCE GROUP, INC. 20 CUSTOM HOUSE STREET BOSTON MA 02110
Moran Mary Coffey director DANVERS BANCORP, INC. ONE CONANT STREET DANVERS MA 01923
Whitford Christopher Thomas officer: VP, CFO and Secretary 20 CUSTOM HOUSE STREET BOSTON MA 02110
Murphy George director, officer: President and CEO C/O SAFETY INSURANCE GROUP, INC. 20 CUSTOM HOUSE STREET BOSTON MA 02110
Drago John Patrick officer: VP - Marketing 20 CUSTOM HOUSE STREET BOSTON MA 02110
Mckeown Ann Marie officer: V.P Insurance Operations 20 CUSTOM HOUSE STREET BOSTON MA 02110
Varga Stephen Albert officer: VP - MIS 20 CUSTOM HOUSE STREET BOSTON MA 02110
Narciso Paul J officer: VP - Claims C/O SAFETY INSURANCE 20 CUSTOM HOUSE STREET BOSTON MA 02110
Berry James officer: VP - Underwriting C/O SAFETY INSURANCE 20 CUSTOM HOUSE STREET BOSTON MA 02110
Manning Peter J director FLEETBOSTON FINANCIAL CORP 100 FEDERAL STREET BOSTON MA 02110
Meehan Thalia director C/O SAFETY INSURANCE GROUP, INC. 20 CUSTOM HOUSE STREET BOSTON MA 02110
Mckown David D director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: MCKOWN DAVID D a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Krupa David E officer: VP - Claims Operations PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: KRUPA DAVID E a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
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