Safety Insurance Q1 net loss $0.99 EPS as winter storms trigger $42.7M in claims; combined ratio 113.4%

SAFETY INSURANCE GROUP INC

2026-Q1 EPS reported -$0.99 revenue$314,666,000

Net loss $14.3M ($0.99 diluted EPS) vs income $21.9M ($1.48 EPS) in Q1 2025; non-GAAP operating loss $0.72 EPS.
Combined ratio surged to 113.4% (from 99.4%) due to two winter storms causing $42.7M in property claims (1,600+).
Direct written premiums rose 0.3% to $299.8M; net earned premiums up 6.7% to $291.0M on rate actions.
Book value per share fell to $58.28 from $60.98 (Dec 2025); net investment income up 16.9% to $17.0M.
Quarterly dividend maintained at $0.92/share, payable June 12, 2026 to holders of record June 1, 2026.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SAFETY INSURANCE GROUP INC reported first quarter 2026 results: net income Net loss for the quarter ended March 31, 2026 was $14.3 million, or $0.99 per diluted share, EPS $0.99 per diluted share.

Period: first quarter 2026
Net income: Net loss for the quarter ended March 31, 2026 was $14.3 million, or $0.99 per diluted share
EPS: $0.99 per diluted share
Result: reported results

Exact text from the filing

Net loss for the quarter ended March 31, 2026 was $14.3 million, or $0.99 per diluted share

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Source: SEC EDGAR

accession 0001172052-26-000013

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