Every 10-Q that Safety Insurance Group Inc (SAFT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow SAFT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SAFT filings page.
Safety Insurance Group reported solid quarterly profitability alongside weather-driven pressure on year‑to‑date results and announced a planned sale of the company. For the quarter ended June 30, 2026, net income was $34.5M versus $28.9M a year earlier, with diluted EPS of $2.36. Net earned premiums rose to $291.7M, while the GAAP combined ratio improved to 95.7% from 98.1%, reflecting lower auto claim frequency and stable expenses.
For the first six months, net income fell to $20.2M from $50.8M as severe Northeast winter storms generated about $42.7M in losses and loss adjustment expenses and pushed the year‑to‑date combined ratio to 104.5%. Direct written premiums were slightly lower, with policy counts down in Massachusetts private passenger auto and homeowners, partly offset by growth in commercial auto. The balance sheet remains conservative, with $2.50B in assets, $876.7M of shareholders’ equity and loss reserves of $808.3M.
Subsequent to quarter end, Safety agreed to be acquired by MAPFRE U.S.A. Corp. in an all‑cash merger. Each outstanding common share is expected to be converted into $105.00 in cash at closing, subject to shareholder approval, regulatory clearances and customary conditions, including no continuing material adverse effect on the company.
Safety Insurance Group, Inc. reported a Q1 2026 net loss of $14.3 million, compared with net income of $21.9 million in Q1 2025, as severe Northeast winter storms drove sharply higher claims. Total revenue rose to $314.7 million from $301.4 million, with net earned premiums up 6.7% to $291.0 million and net investment income up 16.9% to $17.0 million.
Losses and loss adjustment expenses jumped 30.1% to $247.5 million, and the GAAP combined ratio deteriorated to 113.4% from 99.4%, indicating an underwriting loss. The January and February winter storms generated roughly $42.7 million of losses and loss adjustment expenses. Non-GAAP operating results also swung to a loss of $10.2 million. Despite the loss, the company paid a quarterly dividend of $0.92 per share and ended the quarter with $2.43 billion in assets, $855.8 million of shareholders’ equity, and $50.0 million of debt outstanding.
Safety Insurance Group (SAFT) reported Q3 2025 results, delivering total revenue of $326.6 million and net income of $28.3 million, or diluted EPS of $1.91. Net earned premiums were $291.0 million and net investment income was $15.5 million, reflecting higher interest income.
For the nine months ended September 30, 2025, revenue reached $944.4 million and net income was $79.1 million, or diluted EPS of $5.33. Operating cash flow was strong at $120.9 million. Losses and loss adjustment expenses were $589.5 million year‑to‑date, including a $33.2 million favorable development from prior years. Shareholders’ equity rose to $899.6 million, aided by other comprehensive income as fixed‑income valuations improved.
The company paid a cash dividend of $0.92 per share in Q3 and had long‑term debt of $30.0 million after borrowing under its Citizens Bank credit facility. Investments totaled $1.65 billion at fair value, with fixed maturities of $1.26 billion and equity securities of $243.3 million as of September 30, 2025.
Safety Insurance Group (SAFT) delivered a robust Q2-25. Net earned premiums rose 14.2% YoY to $282.1 m, lifting total revenue 17.3% to $316.3 m. Losses and LAE grew 12.4%, but expense discipline allowed net income to spike 74% to $28.9 m; diluted EPS reached $1.95 versus $1.13.
Year-to-date revenue is up 14.8% to $617.8 m with net income of $50.8 m (+38.5%), driving diluted EPS to $3.43. Operating cash flow swung to a $35.5 m inflow from $4.5 m, reflecting stronger underwriting profitability.
Balance-sheet strength: assets increased to $2.36 b and shareholders’ equity to $873.3 m (+5.4% YTD). Unrealized losses on the AFS bond portfolio narrowed to $50.3 m, improving AOCI by $18.2 m. Invested assets total $1.58 b, 75% in fixed income. The company refinanced $30 m of short-term borrowings into long-term debt, keeping leverage modest at ~7% of capital.
The board kept the quarterly dividend at $0.90 (approx. 3.9% yield) and no repurchases were reported. Management cites minimal credit concerns; allowance for bond credit losses stands at $1.5 m. Overall, the filing signals improving underwriting margins, healthy liquidity and disciplined capital management.