Safety Insurance to be acquired by MAPFRE for $105/share; Q3 net income rises 6% to $30.0M

Filed November 6, 2026 · Period ending September 30, 2026 · Compared to 10-Q Nov 7, 2025 · ~1 min read

Key Changes

• high

  Pending acquisition by MAPFRE U.S.A. Corp. for $105.00 per share in cash; stockholder approval obtained Nov 3, 2026, closing subject to regulatory approvals.

  MD&A: Pending acquisition verify on EDGAR →
• high

  Nine-month net income from $79.1M, driven by $44.3M of winter storm losses and $3.8M of merger-related legal fees.

  MD&A: Net income verify on EDGAR →
• high

  Nine-month GAAP loss ratio deteriorated to 73.0% from 69.7%, reflecting winter storm claims; Q3 loss ratio improved to 67.2%.

  MD&A: Loss ratio verify on EDGAR →