Comparing the current results to its competitors, Safety Insurance Group Inc reported Revenue increase in the 2 quarter 2026 by 2.95 % year on year. The revenue growth was below Safety Insurance Group Inc's competitors' average revenue growth of 7.71 %, achieved in the same quarter.
Safety Insurance Group Inc's Comment on Competition and Industry Peers
The company operates in Massachusetts, New Hampshire, and Maine, competing with other insurance carriers for business from independent agents. In Massachusetts, it ranks as the fourth largest private passenger auto insurance carrier, the largest commercial auto insurance carrier, and the third largest homeowner insurance carrier. The company distributes its products exclusively through independent agents and does not accept business from insurance brokers, except for personal automobile policies assigned by the Massachusetts Automobile Insurance Plan (MAIP) or written through the Commercial Automobile Servicing Carrier program administered by CAR. CAR establishes rates for personal and commercial automobile policies assigned through the MAIP and residual market pools. The company annually benchmarks its products against major competitors and updates its product offerings, discounts, rate levels, and underwriting guidelines accordingly.
Publicly Traded Peers of Safety Insurance Group Inc
Progressive Corp Share Performance
+3.15%
30 Days
Progressive Corp
Profile
Progressive Corp operates as an insurance holding company focused on providing personal and commercial auto insurance through a direct-to-consumer model. The company leverages multiple distribution channels, including online platforms, mobile applications, and call centers, to enhance customer accessibility and service. Additionally, Progressive employs innovative pricing and risk assessment strategies, such as the Snapshot program, to tailor insurance offerings to individual customer needs.
Old Republic International Corporation Share Performance
-3.43%
30 Days
Old Republic International Corporation
Profile
Old Republic International Corporation operates as a diversified insurance underwriter primarily in the United States. They provide a range of insurance products and services, including property and casualty insurance, mortgage insurance, and title insurance.
Ncr Atleos Corporation operates on a business model focused on providing advanced technology solutions and services for various industries. They develop and deliver innovative digital products, payment solutions, and analytics tools to help businesses enhance their operations and improve customer experiences.
Markel Corporation operates as a specialty insurance company with a focus on niche markets. They provide insurance coverage for unique and hard-to-place risks, tailoring their products to specific industries or customer needs. Markel aims to build long-term relationships with their customers by offering specialized expertise and tailored solutions.
MetLife Inc operates as a global provider of insurance, annuities, and employee benefits, focusing on delivering financial security and peace of mind to individuals and businesses. The company generates revenue through premium collections, investment income, and fees from its diverse range of products and services, including life insurance, disability income insurance, and retirement solutions.
Sources:
Safety Insurance Group Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
For your research, we’ve provided 10 tables on Safety Insurance Group Inc versus competitors, including market share analysis.
You can find them in the navigation menu under Competition.
To download the tables, please subscribe.
Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
Disclaimer: Information provided by CSIMarket.com is for informational purposes only and does not constitute investment advice, recommendation, or solicitation to buy or sell any security.
