State Street Corporation reports beneficial ownership of 757,977 shares (5.2%) of Safety Insurance Group, Inc. as of 03/31/2026. The filing shows shared voting power of 722,270 shares and shared dispositive power of 757,977 shares, held through identified advisory subsidiaries including SSGA Funds Management, Inc. and State Street Global Advisors entities.
The report is a Schedule 13G disclosure listing ownership on behalf of clients and related advisory entities; it identifies no sole voting or sole dispositive power and states the holdings are held on behalf of other persons.
Positive
None.
Negative
None.
Insights
Neutral: State Street holds a >5% passive stake through advisory vehicles.
State Street Corporation reports 757,977 shares (5.2%) of common stock as of 03/31/2026, with 722,270 shares of shared voting power. The position is recorded under multiple advisory subsidiaries, indicating client or fund ownership rather than an active corporate stake.
Cash‑flow treatment and disposition plans are not stated in the excerpt; subsequent filings may disclose changes in voting or disposition authority if they occur.
Filing complies with beneficial-ownership disclosure for passive holdings.
The Schedule 13G lists the reporting persons and classifies the acquiring subsidiaries (e.g., SSGA Funds Management, Inc.), consistent with holdings managed in an advisory capacity. It records no sole voting or dispositive power and includes the required exhibit-level identifications.
Stake classification and any change of status (to active investor) would require amended filings under applicable rules; timing not specified in the excerpt.
Key Figures
Beneficial ownership:757,977 sharesPercent of class:5.2%Shared voting power:722,270 shares
3 metrics
Beneficial ownership757,977 sharesas of 03/31/2026
Percent of class5.2%reported on Schedule 13G
Shared voting power722,270 sharesvoting power reported in Item 4
"The filing is a Schedule 13G disclosure of beneficial ownership."
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
Shared dispositive powerfinancial
"Shared dispositive power of 757,977.00 is reported in Item 4."
Advisory subsidiariesregulatory
"SSGA Funds Management, Inc. and State Street Global Advisors entities are listed as acquiring subsidiaries."
What stake does State Street (SAFT) report in Safety Insurance Group?
State Street reports beneficial ownership of 757,977 shares, representing 5.2% of the class as of 03/31/2026. The filing lists shared voting power of 722,270 shares and shared dispositive power of 757,977 shares.
Does State Street hold sole voting or dispositive power over these shares?
No. The Schedule 13G shows 0 shares of sole voting power and 0 shares of sole dispositive power; the voting and dispositive powers are recorded as shared across advisory entities.
Through which entities does State Street hold these shares?
The filing identifies advisory subsidiaries including SSGA Funds Management, Inc. and various State Street Global Advisors entities as the subsidiaries through which the securities are held on behalf of clients.
Is this Schedule 13G indicative of an activist position in SAFT?
No. This Schedule 13G reports a passive beneficial ownership classification of 5.2% held via advisory vehicles. The filing does not state any intent to influence control or engage in activism.
Will State Street receive proceeds or exercise control from these holdings?
The excerpt lists shared dispositive power but does not describe cash flows or proceeds treatment; the filing indicates holdings are on behalf of other persons, not direct issuer proceeds.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
SAFETY INSURANCE GROUP INC
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
78648T100
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
78648T100
1
Names of Reporting Persons
STATE STREET CORPORATION
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
MASSACHUSETTS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
722,270.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
757,977.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
757,977.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.2 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
SAFETY INSURANCE GROUP INC
(b)
Address of issuer's principal executive offices:
20 CUSTOM HOUSE STREET, BOSTON, MASSACHUSETTS, 02110
Item 2.
(a)
Name of person filing:
STATE STREET CORPORATION;
(b)
Address or principal business office or, if none, residence:
ONE CONGRESS STREET, SUITE 1, BOSTON MA 02114, UNITED STATES
(c)
Citizenship:
MA
(d)
Title of class of securities:
COMMON STOCK
(e)
CUSIP Number(s):
78648T100
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
757977.00
(b)
Percent of class:
5.2 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
722,270
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
757,977
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
NOT APPLICABLE
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
SSGA FUNDS MANAGEMENT, INC. (IA);STATE STREET GLOBAL ADVISORS EUROPE LIMITED (IA);STATE STREET GLOBAL ADVISORS LIMITED (IA);STATE STREET GLOBAL ADVISORS TRUST COMPANY (IA);STATE STREET GLOBAL ADVISORS, LTD. (IA);
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
NOT APPLICABLE
Item 9.
Notice of Dissolution of Group.
Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5.
NOT APPLICABLE
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
