Safety Insurance Group, Inc..
SAFT.US | Non-life insurance
Safety Insurance Group, Inc. is a property and casualty insurance provider. The company offers a range of insurance products, including personal and commercial lines. Personal lines include private passenger auto, homeowners, dwelling fire, and personal umbrella policies. Commercial lines include co...Show More
Better Health for All
0
The provided article focuses exclusively on the company's financial performance, including combined ratios, earnings per share, shareholders' equity, direct written premium growth, policy count, average premium per policy, and dividends.
1
It does not contain any information or data points related to health impacts, safety records, accessibility of health products, health equity programs, healthcare workforce support, preventative health measures, health data responsibility, global health crisis response, mental health initiatives, or any other health-related metrics relevant to the 'Better Health for All' value.
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Therefore, no KPIs can be scored based on the evidence provided.
Fair Money & Economic Opportunity
0
Safety Insurance Group, Inc. is a property and casualty insurance provider, not a lender.
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The company is subject to Massachusetts Division of Insurance laws.
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As such, the KPI for fair lending compliance is not applicable, and there is no fair-lending history to evaluate. Similarly, the company does not provide debt products to consumers, making the debt burden ratio KPI not applicable. No specific, concrete data points were found in the provided articles for any other KPIs related to Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
20
In 2024, the CEO median pay ratio was 39:1, based on the CEO's compensation of $3,679,625 and median employee compensation of $93,528.
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Employee surveys indicate 82% CEO approval and 74% of employees would recommend working at Safety Insurance.
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The company has also been ranked among Boston Business Journal's Best Places to Work for three consecutive years, including 2024.
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The average employee turnover rate over the past five years was 6.31%, which is significantly lower than the insurance sector average of 25.06%.
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In 2021, over 87% of employees had health insurance coverage, with the employer contributing 80% for individual plans and 75% for family plans.
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The company reported no significant labor violations or compliance issues in its 2024 annual report and has a whistleblower hotline, with quarterly reports on conduct and ethical matters.
6
Fair Trade & Ethical Sourcing
0
Safety Insurance Group, Inc. is a property and casualty insurance provider, a service-based company.
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The provided articles do not contain any specific, concrete data points for any of the KPIs under the 'Fair Trade & Ethical Sourcing' value. Given the nature of the company's business, these KPIs are assessed as N/A because the company does not procure or trade physical commodities, nor does it have a supplier base or supply chain tiers that typically require the specific oversight measured by these KPIs. While the company's Code of Conduct mentions commitments to human rights and fair dealing with suppliers,
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these are general policy statements and do not provide quantitative evidence for the specific metrics.
Honest & Fair Business
-40
Safety Insurance provides an anonymous Whistleblower Hotline, managed by an independent third party, The Compliance Partners, to collect concerns regarding accounting, internal accounting controls, or auditing matters, with the Chief Financial Officer ensuring confidentiality.
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For personnel-related complaints, managers respond within 3 working days, and if unresolved, the next management level makes a final decision within 2 working days.
2
The company prohibits offering or accepting anything of value to influence government officials and forbids transactions facilitating money laundering or unlawful diversion.
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Safety Insurance contracts with The Compliance Partners to collect and process accounting, internal accounting controls, or auditing concerns, and uses Fidelity Management Trust Company to verify charitable organizations for its gift matching program.
4
Kind to Animals
0
Safety Insurance Group, Inc. is a property and casualty insurance provider, a service-oriented business.
1
The provided articles, including the 2021 ESG Report, do not contain any information or data related to animal welfare, animal testing, animal-derived products, animal agriculture practices, or specific wildlife conservation initiatives.
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Therefore, all KPIs related to 'Kind to Animals' are assessed as N/A, as they are not applicable to the company's core business model.
No War, No Weapons
0
The provided articles describe Safety Insurance Group, Inc. as a property and casualty insurance provider.
1
The evidence focuses on the company's financial performance, general ESG reporting, and internal corporate governance. There is no explicit, factual information or specific data points in any of the articles regarding the company's involvement in arms manufacturing, military contracts, dual-use technology, sales to embargoed regimes, peacebuilding investments, conflict divestment policies, or any other activities directly related to the 'No War, No Weapons' ethical value.
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Therefore, no KPIs can be scored based on the provided evidence.
Planet-Friendly Business
0
No specific, quantitative evidence was found in the provided articles to assess Safety Insurance Group, Inc. against the 'Planet-Friendly Business' ethical value. While the company has published a 2021 Environmental, Social and Governance Report and expresses a commitment to environmentally and socially-conscious solutions, the articles do not contain any concrete data points, metrics, or verifiable actions related to carbon emissions, renewable energy, water use, waste, certifications, or climate-related policies and initiatives for any of the specified KPIs.
1
Respect for Cultures & Communities
0
No evidence available to assess Safety Insurance Group, Inc. on Respect for Cultures & Communities.
Safe & Smart Tech
0
Safety Insurance Group, Inc. invested $4.5 million in cybersecurity in 2023.
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Based on its 2024 total revenues of $1,116.10 million, this represents approximately 0.403% of revenue.
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The company's employee phishing training success rate increased to 96.2% since 2019.
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The company has a cybersecurity program aligned with the NIST Cybersecurity Framework, which includes multi-factor authentication, vulnerability scanning, patch management, and penetration testing.
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It reported a 99.8% data protection rate in 2023 and invested $1.9 million in advanced encryption systems.
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The company is researching Generative AI and has a Generative AI In the Workplace Policy.
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It complies with state insurance regulations, including those related to reserves, rates, and dividends.
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Zero Waste & Sustainable Products
-20
Safety Insurance Group's 2021 ESG report indicates no specific regulatory actions, violations, fines, or compliance issues, which includes waste disposal violations.
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