George M. Murphy is the President and CEO of Safety Insurance Group, which he joined in 2016 after a long career at the company that started back in 1989. Before becoming CEO, he was the Vice President of Marketing, giving...
George M. Murphy is the President and CEO of Safety Insurance Group, which he joined in 2016 after a long career at the company that started back in 1989. Before becoming CEO, he was the Vice President of Marketing, giving him a strong background in understanding customer needs and the insurance market. Murphy’s leadership style emphasizes performance and accountability, which is reflected in the company’s approach to executive compensation—focused on results. In 2023, he earned $962,783, including a salary of $800,000, but no bonuses or stock was vested this year due to performance metrics not being met. A key point about Murphy is his insider trading activity; he has managed significant assets, peaking in 2021 when his holdings valued around $7.32 million. His steady nature and marketing expertise guide Safety Insurance in a competitive industry, which continues to evolve with time. Murphy also serves on the Board, showing his commitment to governance and strategic direction.