David F. Brussard served as the CEO of Safety Insurance Group from January 2002 until March 2016, leading the company through key growth phases in the insurance market. With over 40 years in the insurance industry, he has seen the...

David F. Brussard served as the CEO of Safety Insurance Group from January 2002 until March 2016, leading the company through key growth phases in the insurance market. With over 40 years in the insurance industry, he has seen the business evolve, adapting to changes in the market and regulations. During his tenure, Brussard focused on aligning company performance with shareholder interests. His approach made the company a top-performing property-casualty insurer, recognized consistently in industry rankings. Notably, during his leadership, the company achieved strong revenue growth and improved profitability metrics. In March 2016, he transitioned to Non-Executive Chairman of the Board, a role allowing him to mentor and guide the next generation of leadership while still having a significant impact on the company’s strategic direction. His decision to retire after such a long and successful career shows a commitment to the company’s future and a desire to build a lasting legacy in the insurance world. His diverse experience and long tenure in various roles have shaped his understanding of the insurance landscape, making him a respected figure in the industry.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Safety Insurance Group CEOs

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David F. Brussard

Ex-CEO of Safety Insurance Group

Education

Not specified

Field of Expertise

Finance & Banking - Insurance

Sector of Economy

Financial Services

Born

January 1, 1951 - 74 years ago

CEO of Safety Insurance Group for

14 years 2 months (Jan 2002 - Mar 2016)

Previous Experience

Employed by Registrant's insurance subsidiaries for over 40 years.

Rivals

Competitors/colleagues of David F. Brussard

T

Joseph M. Zubretsky

CEO of The Hanover Insurance Group

2023 Compensation

Stock

$1.15M

Salary

$1.10M

Bonus

$2.04M

Other

$87.75K

Total Holdings

$110.57M

Holdings

See how much did David F. Brussard make over time.

David F. Brussard’s holdings in Safety Insurance Group tell an interesting story. In late 2019, the value of his holdings was as high as $36.18 million, demonstrating significant confidence in the company’s direction. However, like many executives, he experienced fluctuations...

David F. Brussard’s holdings in Safety Insurance Group tell an interesting story. In late 2019, the value of his holdings was as high as $36.18 million, demonstrating significant confidence in the company’s direction. However, like many executives, he experienced fluctuations over the years. By mid-2023, his holdings had decreased in value to around $24 million, showcasing the natural ups and downs of the market. The most notable decrease was from late 2019 to March 2020, where the value dropped over $8 million. Despite these fluctuations, Brussard’s long-term focus contributed positively to the company's health during his leadership years.

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Total Stock Sold

$3.19M

SAFT

$3.19M

46,586 SAFT shares

What if they kept their stock?

If David F. Brussard didn't sell their stock, today they would have:
Extra SAFT46,586 shares worth $3.65M.
This is 14.29% and $456.21K more than what they got when they sold the stock.

Charitable Transactions

SAFT

92,930 shares

SAFT

Recent Charitable Transactions

SAFT

7,500 shares

SAFT

Nov 15, 2016

Charity

SAFT

77,130 shares

SAFT

Dec 10, 2012

Charity

SAFT

8,300 shares

SAFT

Dec 16, 2010

Charity

Insider Trading

See recent insider trades of David F. Brussard.

SAFT

1,000 shares

SAFT

Feb 22, 2023

Received

SAFT

1,000 shares

SAFT

Feb 23, 2022

Received

SAFT

1,000 shares

SAFT

Feb 24, 2021

Received

SAFT

1,000 shares

SAFT

Feb 26, 2020

Received

SAFT

1,000 shares

SAFT

Feb 26, 2019

Received

SAFT

1,000 shares

SAFT

Feb 26, 2018

Received

SAFT

$36.08K

SAFT at $80.01/share

Dec 21, 2017

Sale

SAFT

$1.18M

SAFT at $81.20/share

Dec 14, 2017

Sale

SAFT

1,000 shares

SAFT

Feb 22, 2017

Received

SAFT

7,500 shares

SAFT

Nov 15, 2016

Charity

Compensation History

See how much did David F. Brussard make over time.

David Brussard's compensation varied throughout his tenure as CEO of Safety Insurance Group, reflecting the company's performance. In 2016, his total compensation was around $380,717, which included a salary of $212,100. Notably, he received no bonus that year due to unmet performance metrics. The previous year, in 2015, his total compensation was $2 million, driven by strong performance, which included a salary of $841,681 and a substantial stock award valued at nearly $1 million. This pattern continued, with his highest compensation recorded in 2014 at $2.8 million, which included a bonus reflecting strong financial results and a significant stock award. Brussard’s compensation packages demonstrated a blend of salary, bonuses, and long-term incentives, aiming to align with the performance of Safety Insurance Group as well as shareholder interests.

Year

2016

Total Compensation

$705.37K

Salary

$212.10K

Board Justification

The compensation philosophy is designed to attract and retain key talent, align interests with shareholders, and reward performance based on company and individual achievements.

Bonus

$0.00

Board Justification

No annual cash incentive was awarded in 2016 due to performance metrics not being met.

Other

$168.62K

Board Justification

Includes employer matching contributions to the EICP, 401(k) plan contributions, and other benefits.

Restricted Stock

$324.65K(4.41K Restricted Stock)

Board Justification

Restricted stock that vested in 2016, based on time-based vesting schedule.

Performance Metrics

The performance metrics for 2016 included earnings before income taxes (EBIT) and combined ratio, which were not met to trigger bonuses.

Other Safety Insurance Group CEOs

Here are other CEOs of Safety Insurance Group

George M. Murphy

CEO of Safety Insurance Group

April 2016 - Present