Safety Insurance Group has agreed to be acquired by an affiliate of Mapfre in an all-cash deal valued at approximately $1.54 billion. Under the terms, Safety shareholders will receive $105 per share, a 44% premium over the stock price as of July 23, 2026. The transaction has been unanimously approved by both companies' boards and is expected to close in the first quarter of 2027, pending regulatory approvals including from the Massachusetts Commissioner of Insurance. Safety will continue operating under its own brand as a wholly-owned subsidiary of Mapfre U.S.A. Corp., becoming a sister company to Mapfre's other U.S. subsidiaries.
Safety Insurance Group IncAcquisition at 44% premium, all-cash deal valued at $1.54 billion.
MapfreMapfre acquires Safety Insurance, expanding U.S. presence via wholly-owned subsidiary.