secwatch.observer — SEC 8-K summary
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Issuer:     SAFETY INSURANCE GROUP INC (SAFT)
CIK:        0001172052
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001172052-23-000017
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Safety Insurance Q1 net loss $0.84/share; combined ratio 118.5% on severe winter storm losses
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- Net loss $12.3M ($0.84 diluted loss) vs net income $7.8M ($0.53 EPS) in Q1 2022.
- Combined ratio 118.5% (vs 98.7% YoY); $32.1M in water damage from 783 burst pipe claims in Feb storm.
- Non-GAAP operating loss $0.87 per share vs $0.99 operating income in prior year.
- Net written premiums up 13.9% to $202.9M on new business and rate increases.
- Declares $0.90/share quarterly dividend, unchanged, payable June 15, record June 1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1172052/000117205223000017/0001172052-23-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1172052/000117205223000017/saft-20230503x8k.htm
  HTML page:      https://secwatch.observer/filing/0001172052-23-000017

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