Investors reacted sharply to the announcement, pushing Safety Insurance stock up 37% to $99.65 in after-hours trading. The valuation represents a significant leap from the $72.94 closing price recorded on Thursday, reflecting the aggressive nature of the bid.

Mapfre’s move consolidates its reach, leveraging Safety Insurance’s established presence in the American insurance landscape. The transaction remains subject to customary regulatory approvals before finalizing the transfer of control.