Safety Insurance to be acquired by Mapfre for $1.54B, $105/share

Safety Insurance Group, Inc. announced it has entered into a definitive Agreement and Plan of Merger with MAPFRE U.S.A. Corp. and Splash Merger Sub, Inc. Under the terms, Mapfre will acquire Safety for approximately $1.54 billion, with Safety shareholders receiving $105.00 per share in cash. This represents a 44% premium to Safety's stock price as of July 23, 2026. The transaction has been unanimously approved by both companies' Boards of Directors and is expected to close in the first quarter of 2027, pending regulatory approvals.