SAFETY INSURANCE GROUP INC

For the period ended Sep 30, 2025. Filed Nov 7, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 7, 2025

SAFT$104.40+0.1%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

(Dollars in thousands, except share data)


· September 30, · December 31,
· · 2025 · · 2024
· · (Unaudited) · · ·
Assets
Investments:
Fixed maturities, available for sale, at fair value (amortized cost: $1,285,926 and $1,181,038, allowance for expected credit losses of $966 and $1,198)	$1,256,620	$1,115,218
Short-term investments, at fair value (cost: $0 and $19,970)	—	19,975
Equity securities, at fair value (cost: $209,944 and $201,258)	243,341	221,422
Other invested assets	152,884	156,444
Total investments	1,652,845	1,513,059
Cash and cash equivalents	56,233	58,974
Accounts receivable, net of allowance for expected credit losses of $878 and $918	333,178	306,465
Receivable for securities sold	1,927	568
Accrued investment income	9,434	7,426
Receivable from reinsurers related to paid loss and loss adjustment expenses	30,777	26,386
Receivable from reinsurers related to unpaid loss and loss adjustment expenses	141,895	130,792
Ceded unearned premiums	39,716	41,413
Deferred policy acquisition costs	115,735	105,474
Deferred income taxes	4,828	11,200
Equity and deposits in pools	8,772	3,740
Operating lease right-of-use-assets	12,626	15,733
Goodwill	17,093	17,093
Intangible assets	7,019	7,730
Other assets	17,762	24,037
Total assets	$2,449,840	$2,270,090

Liabilities
Losses and loss adjustment expense reserves	$719,812	$671,669
Unearned premium reserves	675,865	619,916
Accounts payable and accrued liabilities	73,122	77,276
Payable for securities purchased	8,623	6,949
Payable to reinsurers	29,053	19,074
Taxes payable	1,185	1,009
Short-term debt	—	30,000
Long-term debt	30,000	—
Operating lease liabilities	12,626	15,733
Total liabilities	1,550,286	1,441,626

Commitments and contingencies (Note 8)

Shareholders’ equity
Common stock: $0.01 par value; 30,000,000 shares authorized; 18,051,631 and 17,995,584 shares issued	181	180
Additional paid-in capital	234,547	230,864
Accumulated other comprehensive loss, net of taxes	(22,389)	(51,047)
Retained earnings	837,508	798,760
Treasury stock, at cost: 3,157,577 shares	(150,293)	(150,293)
Total shareholders’ equity	899,554	828,464
Total liabilities and shareholders’ equity	$2,449,840	$2,270,090

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.