---
schema_version: "secwatch.filing_event.v1"
accession: "0001172052-26-000013"
form_type: "8-K"
ticker: "SAFT"
cik: "0001172052"
company_name: "SAFETY INSURANCE GROUP INC"
filed_at: "2026-05-06T23:59:59+00:00"
generated_at: "2026-05-14T22:32:45.690287+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001172052-26-000013
- form_type: 8-K
- ticker: SAFT
- cik: 0001172052
- company_name: SAFETY INSURANCE GROUP INC
- filed_at: 2026-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1172052/000117205226000013/0001172052-26-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1172052/000117205226000013/saft-20260506x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001172052-26-000013
- JSON: https://secwatch.observer/filing/0001172052-26-000013.json
- Plain text: https://secwatch.observer/filing/0001172052-26-000013.txt

## Source-grounded claims
- claim_id: dd83f0686ea896ff460811369c0228ebb23987d8
  claim: 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.
  evidence_excerpt: Net loss for the quarter ended March 31, 2026 was $14.3 million, or $0.99 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1172052/000117205226000013/0001172052-26-000013-index.htm

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