Safety Insurance Group Management

Management criteria checks 3/4

Safety Insurance Group's CEO is George Murphy, appointed in Apr 2016, has a tenure of 8.17 years. total yearly compensation is $1.96M, comprised of 40.8% salary and 59.2% bonuses, including company stock and options. directly owns 0.72% of the company’s shares, worth €7.86M. The average tenure of the management team and the board of directors is 8.8 years and 3.1 years respectively.

Key information

George Murphy

Chief executive officer

US$2.0m

Total compensation

CEO salary percentage	40.8%
CEO tenure	8yrs
CEO ownership	0.7%
Management average tenure	8.8yrs
Board average tenure	3.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has George Murphy's remuneration changed compared to Safety Insurance Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$2m	US$800k	US$19m
Sep 30 2023	n/a	n/a	US$31m
Jun 30 2023	n/a	n/a	US$35m
Mar 31 2023	n/a	n/a	US$26m
Dec 31 2022	US$3m	US$800k	US$46m
Sep 30 2022	n/a	n/a	US$55m
Jun 30 2022	n/a	n/a	US$73m
Mar 31 2022	n/a	n/a	US$103m
Dec 31 2021	US$3m	US$794k	US$131m
Sep 30 2021	n/a	n/a	US$152m
Jun 30 2021	n/a	n/a	US$172m
Mar 31 2021	n/a	n/a	US$177m
Dec 31 2020	US$3m	US$790k	US$139m
Sep 30 2020	n/a	n/a	US$113m
Jun 30 2020	n/a	n/a	US$84m
Mar 31 2020	n/a	n/a	US$67m
Dec 31 2019	US$3m	US$774k	US$99m
Sep 30 2019	n/a	n/a	US$89m
Jun 30 2019	n/a	n/a	US$103m
Mar 31 2019	n/a	n/a	US$103m
Dec 31 2018	US$3m	US$750k	US$83m
Sep 30 2018	n/a	n/a	US$76m
Jun 30 2018	n/a	n/a	US$65m
Mar 31 2018	n/a	n/a	US$59m
Dec 31 2017	US$3m	US$708k	US$62m

Compensation vs Market: George's total compensation ($USD1.96M) is above average for companies of similar size in the German market ($USD1.29M).

Compensation vs Earnings: George's compensation has been consistent with company performance over the past year.

CEO

George Murphy (56 yo)

8yrs

Tenure

US$1,962,783

Compensation

Mr. George Michael Murphy, CPCU, has been Chief Executive Officer and President at Safety Insurance Group, Inc. since April 1, 2016 and has been its Chairman of the Board since May 17, 2023. Mr. Murphy has...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
George Murphy	President	8yrs	US$1.96m	0.72% $ 7.9m
Christopher Whitford	VP, CFO & Secretary	9.3yrs	US$847.99k	0.13% $ 1.4m
James Berry	Vice President of Underwriting	8.8yrs	US$852.58k	0.15% $ 1.7m
John Drago	Vice President of Marketing	8.2yrs	no data	0.19% $ 2.1m
Glenn Hiltpold	Vice President of Actuarial Services	20.3yrs	no data	0.081% $ 879.1k
Brian Lam	Vice President of Insurance Operations	no data	no data	0.025% $ 275.8k

8.8yrs

Average Tenure

53.5yo

Average Age

Experienced Management: SFN's management team is seasoned and experienced (8.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
George Murphy	President	8.2yrs	US$1.96m	0.72% $ 7.9m
Peter Manning	Independent Director	20.6yrs	US$190.81k	0.044% $ 475.3k
Charles Brophy	Independent Director	less than a year	no data	0.061% $ 663.1k
Dennis Langwell	Independent Director	less than a year	US$143.03k	0.020% $ 221.0k
Thalia Meehan	Lead Independent Director	6.8yrs	US$219.56k	0.054% $ 589.4k
Mary Moran	Independent Director	4.1yrs	US$194.56k	0.034% $ 368.4k
Deborah Gray	Independent Director	2.1yrs	US$182.06k	0.020% $ 221.0k
John Farina	Independent Director	2.1yrs	US$190.81k	0.020% $ 221.0k

3.1yrs

Average Tenure

63yo

Average Age

Experienced Board: SFN's board of directors are considered experienced (3.1 years average tenure).

Safety Insurance Group Management

Management criteria checks 3/4

Key information

Recent management updates

Safety Insurance Group, Inc., Annual General Meeting, May 15, 2024

Independent Director recently sold €170k worth of stock

Safety Insurance Group, Inc., Annual General Meeting, Jun 01, 2022

Independent Director recently sold €232k worth of stock

Insider recently sold €228k worth of stock

Independent Director recently sold €204k worth of stock

Recent updates

Full year 2023 earnings released: EPS: US$1.29 (vs US$3.17 in FY 2022)

Third quarter dividend of US$0.90 announced

Safety Insurance Group, Inc., Annual General Meeting, May 15, 2024

Safety Insurance Group, Inc. Approves Quarterly Cash Dividend on Its Issued and Outstanding Common Stock, Payable on March 15, 2024

Upcoming dividend of US$0.90 per share at 4.7% yield

Third quarter 2023 earnings released: EPS: US$0.13 (vs US$0.42 in 3Q 2022)

Upcoming dividend of US$0.90 per share at 5.2% yield

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: EPS: US$1.16 (vs US$0.54 in 2Q 2022)

Safety Insurance Group, Inc. Declares Cash Dividend for Third Quarter 2023, Payable on September 15, 2023

Upcoming dividend of US$0.90 per share at 4.9% yield

First quarter 2023 earnings released: US$0.84 loss per share (vs US$0.53 profit in 1Q 2022)

Safety Insurance Group, Inc. Declares Quarterly Cash Dividend, Payable on June 15, 2023

Full year 2022 earnings released: EPS: US$3.19 (vs US$8.85 in FY 2021)

Upcoming dividend of US$0.90 per share at 4.1% yield

Safety Insurance Group, Inc. Declares Dividend for the First Quarter 2023, Payable on March 15, 2023

Upcoming dividend of US$0.90 per share

Third quarter 2022 earnings released: EPS: US$0.42 (vs US$1.65 in 3Q 2021)

Safety Insurance Group, Inc. Declares Dividend for the Fourth Quarter 2022, Payable on December 15, 2022

Safety Insurance Group, Inc. (NasdaqGS:SAFT) entered into a non binding Letter of Intent to acquire The Assets and Operations of Northeast Insurance Agency, Inc.

Upcoming dividend of US$0.90 per share

Second quarter 2022 earnings released: EPS: US$0.54 (vs US$2.50 in 2Q 2021)

Safety Insurance Group, Inc. Declares Quarterly Dividend, Payable on September 15, 2022

Independent Director recently sold €170k worth of stock

Upcoming dividend of US$0.90 per share

First quarter 2022 earnings released: EPS: US$0.54 (vs US$2.44 in 1Q 2021)

Safety Insurance Group, Inc. Declares Dividend for the Second Quarter of 2022, Payable on June 15, 2022

Safety Insurance Group, Inc., Annual General Meeting, Jun 01, 2022

Independent Director recently sold €232k worth of stock

Ides Capital Sends Letter to the Board of Safety Insurance Group

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Upcoming dividend of US$0.90 per share

Safety Insurance Group, Inc. Declares Dividend for the First Quarter 2022, Payable on March 15, 2022

Upcoming dividend of US$0.90 per share

Third quarter 2021 earnings released: EPS US$1.66 (vs US$2.99 in 3Q 2020)

Insider recently sold €228k worth of stock

Upcoming dividend of US$0.90 per share

Second quarter 2021 earnings released: EPS US$2.51 (vs US$2.80 in 2Q 2020)

Independent Director recently sold €204k worth of stock

Independent Director has left the company

Upcoming dividend of US$0.90 per share

First quarter 2021 earnings released: EPS US$2.45 (vs US$0.13 loss in 1Q 2020)

Safety Insurance Group Declares Quarterly Cash Dividend Payable on June 15, 2021

Vice President of Underwriting recently sold €268k worth of stock

Full year 2020 earnings released: EPS US$9.21 (vs US$6.52 in FY 2019)

Safety Insurance Group, Inc. Announces Executive Changes

New 90-day high: €67.50

Upcoming Dividend of US$0.90 Per Share

Safety Insurance Group, Inc., Annual General Meeting, May 19, 2021

New 90-day high: €66.00

Independent Director recently bought €175k worth of stock

Upcoming Dividend of US$0.90 Per Share

Third quarter 2020 earnings released: EPS US$3.00

Safety Insurance Group Inc. to Report Fiscal Year 2009 Results on 03/09/2010

Independent Director recently bought €117k worth of stock

New 90-day low: €57.00

Independent Director recently bought €59k worth of stock

Independent Director recently bought €60k worth of stock

New 90-day low - €62.50

Safety Insurance Group, Inc. to Report Q2, 2020 Results on Aug 05, 2020

First half earnings released

New 90-day low - €63.50

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age