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Safety Insurance shareholders set to receive $105 a share as MAPFRE U.S.A. agreement locks in buyout

7/24/2026

A merger agreement, meaning a binding legal contract that commits both sides to a transaction and fixes the per-share price shareholders will receive at closing, was signed by Safety Insurance Group, Inc.

The company agreed to be acquired by MAPFRE U.S.A. Corp., a Massachusetts corporation, at $105.00 in cash per share of common stock.

Once complete, Safety Insurance Group would survive as a wholly-owned subsidiary of MAPFRE U.S.A. The deal structure MAPFRE U.S.A.

is buying Safety Insurance through a purpose-built subsidiary: Splash Merger Sub, Inc., a Delaware corporation.