George M. Murphy

Money Moves

As of July 2026: Leading the sale to Mapfre; deal awaits shareholder and regulatory approval

Safety Insurance sells car and home coverage to drivers in Massachusetts, New Hampshire, and Maine. On July 24, 2026, its board agreed to sell the whole company to Spain's Mapfre for about $1.54 billion in cash. Shareholders get $105 a share, a 44% jump over the prior day's close. The stock rose more than 40%.

Updated Jul 24