---
schema_version: "secwatch.filing_event.v1"
accession: "0001172052-26-000002"
form_type: "8-K"
ticker: "SAFT"
cik: "0001172052"
company_name: "SAFETY INSURANCE GROUP INC"
filed_at: "2026-02-25T23:59:59+00:00"
generated_at: "2026-05-16T00:07:54.409862+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Safety Insurance Q4 net income $1.36/sh; full-year combined ratio 99.0% vs 101.1%

## Summary
- Q4 net income $20.1M ($1.36/diluted) vs $8.1M ($0.55) a year ago; full-year net income $99.3M ($6.70) vs $70.7M ($4.78).
- Full-year combined ratio improved to 99.0% from 101.1%; loss ratio 70.0%, expense ratio 29.0%.
- Book value per share rose 9.2% to $60.98 from $55.83; direct written premiums up 7.2% to $1,278.6M.
- Board declared $0.92 quarterly dividend (up from $0.90), payable March 13, 2026; $20M in share repurchases in Q4.
- Net investment income up 12.6% to $62.7M; net effective yield 4.0% vs 3.9% prior year.

## SEC filing metadata
- accession: 0001172052-26-000002
- form_type: 8-K
- ticker: SAFT
- cik: 0001172052
- company_name: SAFETY INSURANCE GROUP INC
- filed_at: 2026-02-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1172052/000117205226000002/0001172052-26-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1172052/000117205226000002/saft-20260225x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001172052-26-000002
- JSON: https://secwatch.observer/filing/0001172052-26-000002.json
- Plain text: https://secwatch.observer/filing/0001172052-26-000002.txt

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