Safety Insurance Group Announces $105/Share Merger with MAPFRE

What Happened
Safety Insurance Group, Inc. (SAFT) announced on July 23, 2026 that it has entered into an Agreement and Plan of Merger with MAPFRE U.S.A. Corp. (Parent) and Splash Merger Sub, Inc. (Merger Subsidiary). Under the agreement, Merger Subsidiary will merge into Safety Insurance, and Safety Insurance will survive the merger as a wholly‑owned direct subsidiary of MAPFRE. MAPFRE has agreed to acquire all outstanding shares of Safety Insurance common stock for $105.00 per share in cash. A press release dated July 23, 2026 was furnished as Exhibit 99.1 to the company’s Form 8‑K.

Key Details

• Purchase price: $105.00 per share in cash for all outstanding common stock.
• Parties: Buyer — MAPFRE U.S.A. Corp.; merger vehicle — Splash Merger Sub, Inc.
• Transaction form: Merger in which Safety Insurance will become a wholly‑owned direct subsidiary of MAPFRE.
• Filing date: Form 8‑K and press release furnished on July 23, 2026.

Why It Matters
The agreement is a definitive step to take Safety Insurance private under MAPFRE ownership, with shareholders to receive $105.00 per share in cash if the transaction closes. This is a material corporate transaction that will change the company’s ownership structure. Investors should review the furnished press release and monitor future SEC filings for additional details on closing conditions, timing and any regulatory or shareholder approvals required.