Bitcoin price today: gains to $120k, near record high on U.S. regulatory cheer
Safety Insurance Group, Inc. (NASDAQ:SAFT), a $1.21 billion property and casualty insurer with a solid "GOOD" financial health rating according to InvestingPro, held its Annual Meeting of Stockholders on Wednesday, with stockholders casting their votes on several key matters, including the election of directors and the ratification of the company’s independent registered public accounting firm. The results of the voting, which took place on May 14, 2025, are as follows:
Deborah E. Gray and George M. Murphy were elected as Class II directors for a three-year term. Gray received 12,036,162 votes for, 338,989 votes withheld, and 1,590,233 broker non-votes. Murphy garnered 12,241,549 votes for, 133,602 votes withheld, and the same number of broker non-votes as Gray.
Additionally, the appointment of Deloitte & Touche LLP as the company’s independent registered public accounting firm for the year ending December 31, 2025, was ratified by stockholders with 13,938,035 votes for, 21,941 against, 5,408 abstentions, and zero broker non-votes.
Lastly, the company’s executive compensation was approved on a non-binding advisory basis, with 12,146,063 votes for, 218,745 against, 10,343 abstentions, and 1,590,233 broker non-votes.
The terms of directors Charles J. Brophy III, John D. Farina, Dennis J. Langwell, Thalia M. Meehan, and Mary C. Moran continued after the meeting. The company maintains a strong track record of shareholder returns, including 23 consecutive years of dividend payments, currently yielding 4.5%.
This report is based on the 8-K filing submitted by Safety Insurance Group, Inc. to the Securities and Exchange Commission. Trading at a P/E ratio of 16.55, InvestingPro analysis suggests the stock is currently undervalued, with additional insights and Fair Value estimates available through the platform.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.