{"schema_version":"secwatch.filing_event.v1","accession":"0001172052-23-000003","form_type":"8-K","ticker":"SAFT","cik":"0001172052","company_name":"SAFETY INSURANCE GROUP INC","filed_at":"2023-02-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:44.033310+00:00","generated_at":"2026-06-19T04:14:56.256383+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Safety Insurance Q4 net income $24.6M, down 23% YoY; combined ratio 100.7%","bullets":["Q4 net income $24.6M ($1.67/diluted) vs $32.0M ($2.14) prior year; full year $46.6M ($3.15) vs $130.7M ($8.80).","Non-GAAP operating income $0.98/diluted in Q4 vs $1.55; full year $5.05 vs $7.14.","Combined ratio 100.7% in Q4 (vs 96.4%) and 97.2% for full year (vs 93.0%).","Book value per share fell to $54.88 from $62.47 due to interest rate impact on fixed maturity portfolio.","Board approved $0.90 quarterly dividend payable March 15, 2023; completed acquisition of Northeast Insurance Agency on Dec 1, 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0001172052-23-000003","json":"https://secwatch.observer/filing/0001172052-23-000003.json","markdown":"https://secwatch.observer/filing/0001172052-23-000003.md","text":"https://secwatch.observer/filing/0001172052-23-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1172052/000117205223000003/0001172052-23-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1172052/000117205223000003/saft-20230222x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T04:14:56.256383+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a3c55d6471cd31d2cd661277a337f922b21e334d","claim":"SAFETY INSURANCE GROUP INC reported the year ended December 31, 2022 results: revenue $758.5 million, net income $46.6 million, EPS $3.15 per diluted share.","evidence_excerpt":"or 0.2%, to $193.2 million from $192.8 million for the comparable 2021 period. Net earned premiums for the year ended December 31, 2022 decreased by $15.8 million, or 2.0%, to $758.5 million from $774.3 million for the comparable 2021 period. For the quarter ended December 31, 2022, losses and loss adjustment expenses incurred increased by $11.1 million, or 9.2%, to","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1172052/000117205223000003/0001172052-23-000003-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2022"},{"label":"Revenue","value":"$758.5 million"},{"label":"Net income","value":"$46.6 million"},{"label":"EPS","value":"$3.15 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"e289d3ce28600cd2e3f7ae38efdf27d192fe6ebf","claim":"SAFETY INSURANCE GROUP INC reported the quarter ended December 31, 2022 results: revenue $193.2 million, net income $24.6 million, EPS $1.67 per diluted share.","evidence_excerpt":"a result of new business production, improved retention, and rate increases. Net earned premiums for the quarter ended December 31, 2022 increased by $0.4 million, or 0.2%, to $193.2 million from $192.8 million for the comparable 2021 period. Net earned premiums for the year ended December 31, 2022 decreased by $15.8 million, or 2.0%, to $758.5 million from $774.3","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1172052/000117205223000003/0001172052-23-000003-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended December 31, 2022"},{"label":"Revenue","value":"$193.2 million"},{"label":"Net income","value":"$24.6 million"},{"label":"EPS","value":"$1.67 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}