secwatch.observer — SEC 8-K summary
======================================

Issuer:     SAFETY INSURANCE GROUP INC (SAFT)
CIK:        0001172052
Form:       8-K
Filed at:   2022-02-23T23:59:59+00:00
Accession:  0001172052-22-000007
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1172052/000117205222000007/0001172052-22-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1172052/000117205222000007/saft-20220223x8k.htm
  HTML page:      https://secwatch.observer/filing/0001172052-22-000007

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer