secwatch.observer — SEC 8-K summary
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Issuer:     SAFETY INSURANCE GROUP INC (SAFT)
CIK:        0001172052
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001172052-24-000020
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Safety Insurance Q1 net income $20.1M ($1.36 EPS) vs year-ago loss; premiums up 23%
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- Net income $20.1M ($1.36 diluted EPS) vs net loss $12.3M ($0.84 loss) in Q1 2023.
- Non-GAAP operating income $0.93 per share vs operating loss $0.87 per share a year ago.
- Direct written premiums rose 22.7% to $267.3M; net earned premiums up 23.1% to $236.1M.
- Combined ratio improved to 101.9% from 118.5% (prior year had $32.1M winter freeze losses).
- Board declared $0.90 quarterly dividend, payable June 14, 2024 to holders of record June 3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1172052/000117205224000020/0001172052-24-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1172052/000117205224000020/saft-20240508x8k.htm
  HTML page:      https://secwatch.observer/filing/0001172052-24-000020

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