---
schema_version: "secwatch.filing_event.v1"
accession: "0001172052-22-000007"
form_type: "8-K"
ticker: "SAFT"
cik: "0001172052"
company_name: "SAFETY INSURANCE GROUP INC"
filed_at: "2022-02-23T23:59:59+00:00"
generated_at: "2026-06-27T05:18:32.250194+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Safety Insurance Q4 net income $32.0M ($2.14 diluted); FY combined ratio 93.0%; board ups buyback by $50M

## Summary
- Q4 2021 net income $32.0M ($2.14 diluted) vs $52.9M ($3.55) YoY; non-GAAP operating income $1.55/diluted vs $2.55.
- FY 2021 net income $130.7M ($8.80 diluted) vs $138.2M ($9.18); combined ratio 93.0% (vs 87.1% in 2020).
- Book value per share rose to record $62.47 at Dec 31, 2021 from $59.40 at Dec 31, 2020 (+5.2%).
- Board declared $0.90 quarterly dividend payable Mar 15, 2022; increased share repurchase authority by $50M.
- Direct written premiums for FY 2021 increased 0.4% to $802.1M; net earned premiums up 0.4% to $774.3M.

## SEC filing metadata
- accession: 0001172052-22-000007
- form_type: 8-K
- ticker: SAFT
- cik: 0001172052
- company_name: SAFETY INSURANCE GROUP INC
- filed_at: 2022-02-23T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1172052/000117205222000007/0001172052-22-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1172052/000117205222000007/saft-20220223x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001172052-22-000007
- JSON: https://secwatch.observer/filing/0001172052-22-000007.json
- Plain text: https://secwatch.observer/filing/0001172052-22-000007.txt

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