---
schema_version: "secwatch.filing_event.v1"
accession: "0001172052-24-000003"
form_type: "8-K"
ticker: "SAFT"
cik: "0001172052"
company_name: "SAFETY INSURANCE GROUP INC"
filed_at: "2024-02-27T23:59:59+00:00"
generated_at: "2026-06-05T10:44:19.875355+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Safety Insurance Q4 net income $12.3M ($0.83/diluted); full-year combined ratio 107.7%

## Summary
- Direct written premiums grew 22.2% to $246.1M in Q4; full year up 20.4% to $991.2M.
- Q4 combined ratio 106.5% (loss ratio 76.1%) vs 100.7% in prior year; full year 107.7%.
- Net investment income rose 11.2% to $14.9M for Q4; effective yield 4.2%.
- Quarterly dividend maintained at $0.90/share payable March 15, 2024.
- VP of Insurance Operations Ann McKeown retiring March 1; replaced by Brian S. Lam.

## SEC filing metadata
- accession: 0001172052-24-000003
- form_type: 8-K
- ticker: SAFT
- cik: 0001172052
- company_name: SAFETY INSURANCE GROUP INC
- filed_at: 2024-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1172052/000117205224000003/0001172052-24-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1172052/000117205224000003/saft-20240227x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001172052-24-000003
- JSON: https://secwatch.observer/filing/0001172052-24-000003.json
- Plain text: https://secwatch.observer/filing/0001172052-24-000003.txt

## Key facts
- Earnings Releases
  SAFETY INSURANCE GROUP INC reported fourth quarter and year ended 2023 results: net income $12.3 million, or $0.83 per diluted share, EPS $0.83 per diluted share.
  - Period: fourth quarter and year ended 2023
  - Net income: $12.3 million, or $0.83 per diluted share
  - EPS: $0.83 per diluted share
  - Result: reported results
  source text: Net income for the quarter ended December 31, 2023 was $12.3 million, or $0.83 per diluted share, compared to net income of $24.6 million, or $1.67 per diluted share, for the comparable 2022 period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1172052/000117205224000003/0001172052-24-000003-index.htm
- Executive change
  Ann M. McKeown retired as Vice President of Insurance Operations at SAFETY INSURANCE GROUP INC.
  - Action: retired
  - Role: Vice President of Insurance Operations
  source text: Ann M. McKeown, 56, the Company’s Vice President of Insurance Operations, communicated her intention to retire, to which the Board of Directors accepted, effective March 1, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1172052/000117205224000003/0001172052-24-000003-index.htm
- Executive change
  Brian S. Lam was appointed as Vice President of Insurance Operations at SAFETY INSURANCE GROUP INC.
  - Action: appointed
  - Role: Vice President of Insurance Operations
  source text: Brian S. Lam, 44, was appointed the Company’s Vice President of Insurance Operations, effective March 1, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1172052/000117205224000003/0001172052-24-000003-index.htm

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