Every 8-K 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 8-K covers material events a company has to report between its quarterly 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, Inc. (SAFT) announced a key regulatory milestone for its pending merger with MAPFRE U.S.A. Corp. The mandatory waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for the merger expired at 11:59 p.m. Eastern Time on September 14, 2026, satisfying one of the conditions to closing.
The merger would make Safety a wholly owned direct subsidiary of MAPFRE through a merger of Splash Merger Sub, Inc. into Safety. Closing remains subject to other customary conditions, including certain additional regulatory approvals and stockholder action described in Safety’s definitive proxy statement mailed on or about September 14, 2026.
Safety Insurance Group reported stronger second quarter 2026 results while also agreeing to be acquired. For the quarter ended June 30, 2026, net income was $34.5 million, or $2.36 per diluted share, up from $28.9 million, or $1.95 per diluted share, a year earlier. The combined ratio improved to 95.7% from 98.1% as net earned premiums rose to $291.7 million from $282.1 million and non‑GAAP operating income reached $2.03 per diluted share. Book value per share was $59.70 at June 30, 2026, down from $60.98 at December 31, 2025.
For the first six months of 2026, net income fell to $20.2 million, or $1.38 per diluted share, from $50.8 million, or $3.43 per diluted share, and the combined ratio rose to 104.5%, largely reflecting two severe winter weather events. The Board approved a $0.92 per share quarterly cash dividend payable September 15, 2026. Separately, Safety entered a definitive agreement under which an affiliate of Mapfre S.A. will acquire the company in an all‑cash transaction valued at approximately $1.54 billion, with shareholders to receive $105 per share, a 44% premium to the July 23, 2026 stock price.
Safety Insurance Group, Inc. agreed to be acquired by MAPFRE U.S.A. Corp. through Splash Merger Sub, Inc., which will merge into the company, leaving Safety Insurance as a wholly owned subsidiary of MAPFRE. At closing, each outstanding share of common stock (other than excluded shares) will be converted into the right to receive $105.00 in cash, without interest.
Unvested restricted stock awards and performance share awards will fully vest at the effective time and be cancelled for cash based on the $105.00 price, plus accrued cash dividends, subject to tax withholding. The deal is subject to stockholder approval, antitrust clearance under the Hart-Scott-Rodino Act, approval by the Massachusetts Commissioner of Insurance, other governmental approvals, and absence of legal restraints, along with customary accuracy-of-representations and covenant-compliance conditions.
The agreement includes a customary no-shop, with a fiduciary out for a Superior Proposal. Safety Insurance may owe Parent a termination fee of $46,243,518 in specified circumstances, while Parent may owe the company a reverse termination fee of $111,755,169 if certain regulatory-related conditions are not met. Parent has an equity commitment from MAPFRE, S.A. sufficient to fund the merger consideration, equity award payments, fees and expenses, and any Parent termination fee, and completion of financing is not a condition to closing.
Safety Insurance Group, Inc. entered into a definitive Agreement and Plan of Merger under which an affiliate of Mapfre S.A., through MAPFRE U.S.A. Corp. and Splash Merger Sub, Inc., will acquire all outstanding Safety common shares in an all-cash transaction valued at approximately $1.54 billion.
Safety shareholders will receive $105 per share in cash, representing a 44% premium to Safety’s stock price as of July 23, 2026. Following the merger, Safety will become a wholly owned subsidiary of MAPFRE U.S.A. Corp. and continue operating under its existing brand.
The boards of directors of both Safety and Mapfre have unanimously approved the transaction, which is expected to close in the first quarter of 2027, subject to Safety stockholder approval and regulatory clearances, including from the Massachusetts Commissioner of Insurance and under the Hart-Scott-Rodino Antitrust Improvements Act. Safety plans to file a proxy statement for a special stockholder meeting to vote on the merger.
Safety Insurance Group, Inc. entered into Amendment No. 7 to its Amended and Restated Revolving Credit Agreement with Citizens Bank and other lenders. The amendment increases the aggregate committed amount of the revolving credit facility from $50 million to $100 million and extends the facility’s maturity date to June 9, 2031. As of the date of the report, the company has not drawn any of the additional amounts available in connection with this amendment. The facility remains secured by certain accounts receivable and related assets, and other terms of the credit agreement are not materially modified.
Safety Insurance Group, Inc. reported the results of its Annual Meeting of Stockholders held on May 13, 2026. Stockholders elected John D. Farina and Thalia M. Meehan as Class III directors for three-year terms, each receiving over 11.7 million votes in favor.
Stockholders also ratified Deloitte & Touche LLP as the independent registered public accounting firm for the year ending December 31, 2026, with 13,618,768 votes for and minimal opposition. In addition, stockholders approved, on a non-binding advisory basis, the executive compensation program described in the March 31, 2026 proxy statement.
Safety Insurance Group, Inc. reported a first quarter 2026 net loss of $14.3 million, or $(0.99) per diluted share, compared with net income of $21.9 million, or $1.48 per diluted share, a year earlier. Results were heavily affected by two severe winter storms that generated more than 1,600 property claims and $42.7 million of damage, adding 14.6 percentage points to a combined ratio of 113.4%. Net earned premiums rose 6.7% to $291.0 million, supported by rate increases, while net investment income increased 16.9% to $17.0 million. Book value per share declined to $58.28 from $60.98 at December 31, 2025. The company paid a $0.92 dividend in the quarter and the board declared another $0.92 quarterly dividend, payable June 12, 2026.
Safety Insurance Group, Inc. reported significantly stronger results for 2025, with full-year net income of $99.3 million and diluted EPS of $6.70, up from $70.7 million and $4.78 in 2024. The combined ratio improved to 99.0% from 101.1%, showing better underwriting performance despite inflationary pressure on auto claims.
Book value per share rose to $60.98, a 9.2% increase year-over-year, supported by higher investment income and gains. Direct written premiums grew 7.2% to $1,278.6 million, driven by rate increases across auto and homeowners lines. The company returned capital through $20 million of share repurchases in the fourth quarter and paid $3.64 per share in dividends for the year, with a new quarterly dividend of $0.92 declared for March 2026.
Safety Insurance Group, Inc. filed a current report to note that, in a press release dated November 3, 2025, it announced its third quarter 2025 results. The press release is provided as Exhibit 99.1 to the report, giving investors access to the company’s Q3 2025 performance update.