---
schema_version: "secwatch.filing_event.v1"
accession: "0001172052-25-000003"
form_type: "8-K"
ticker: "SAFT"
cik: "0001172052"
company_name: "SAFETY INSURANCE GROUP INC"
filed_at: "2025-02-25T23:59:59+00:00"
generated_at: "2026-05-26T04:25:35.750511+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Safety Insurance posts record $1.19B direct premiums in 2024; net income jumps to $70.7M

## Summary
- Full-year 2024 net income $70.7M ($4.78 diluted EPS) vs $18.9M ($1.28) in 2023; non-GAAP operating EPS $4.16 vs $0.84.
- Direct written premiums grew 20.4% to $1.193B, crossing $1B for first time; policy counts up 8.5% and average premium up 10.9%.
- Combined ratio improved to 101.1% from 107.7% in 2023; loss ratio decreased to 70.9% from 77.0%.
- Book value per share $55.83 at Dec 31, 2024, up 8.4% from $54.37; quarterly dividend maintained at $0.90.
- Prior year favorable development $51.9M for full year; FAIR Plan restructuring contributed $10.1M.

## SEC filing metadata
- accession: 0001172052-25-000003
- form_type: 8-K
- ticker: SAFT
- cik: 0001172052
- company_name: SAFETY INSURANCE GROUP INC
- filed_at: 2025-02-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1172052/000117205225000003/0001172052-25-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1172052/000117205225000003/saft-20250225x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001172052-25-000003
- JSON: https://secwatch.observer/filing/0001172052-25-000003.json
- Plain text: https://secwatch.observer/filing/0001172052-25-000003.txt

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