---
schema_version: "secwatch.filing_event.v1"
accession: "0001172052-21-000029"
form_type: "8-K"
ticker: "SAFT"
cik: "0001172052"
company_name: "SAFETY INSURANCE GROUP INC"
filed_at: "2021-08-04T23:59:59+00:00"
generated_at: "2026-06-29T22:22:06.428509+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Safety Insurance Q2 net income falls to $37.7M ($2.49 EPS) from $42.5M; combined ratio worsens to 90.2%

## Summary
- Net income $37.7M ($2.49 diluted EPS) vs $42.5M ($2.78) in Q2 2020.
- Non-GAAP operating income $1.85 per diluted share vs $1.95 a year ago.
- Combined ratio 90.2% (loss 56.7%, expense 33.5%) vs 84.9% in Q2 2020, reflecting normalized auto claims.
- Direct written premiums up 5.8% to $217.2M; net earned premiums up 6.8% to $194.3M.
- Declared $0.90 quarterly dividend payable Sept 15, 2021 to holders of record Sept 1.

## SEC filing metadata
- accession: 0001172052-21-000029
- form_type: 8-K
- ticker: SAFT
- cik: 0001172052
- company_name: SAFETY INSURANCE GROUP INC
- filed_at: 2021-08-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1172052/000117205221000029/0001172052-21-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1172052/000117205221000029/saft-20210804x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001172052-21-000029
- JSON: https://secwatch.observer/filing/0001172052-21-000029.json
- Plain text: https://secwatch.observer/filing/0001172052-21-000029.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.