I free range without fences but with a dog. Safe as houses.
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The largest loss we have had at one time, was in a penned area. Some dogs managed to chew their way in, and killed 28 of our 32 chickens. The chicken had no-where to go, they couldn't get away and hide. I felt horribly guilty.
We free ranged with no issue, until someone hit one of our chickens in the road and killed it, then came after us to pay for damages to their car. We finished fencing them in to half an acre, with lots of hiding spots.
I think everyone has unique circumstances. We have a road in front of our house, and neighbourhood dogs. We put a fence along the front to block the dogs, and the road. We had to finish fencing when the chicken decided to loop around the house to get back to the ever appealing road. We've had one hawk attack in 5 years, we have excellent coverage with pine and sycamore trees.