SAFETY INSURANCE GROUP INC

For the period ended Dec 31, 2025. Filed Feb 27, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 27, 2026

SAFT$104.27-0.1%Stored close · as of Nov 6, 2026

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Contents

Statements of Operations

Consolidated Statements of Operation****s

(Dollars in thousands, except per share data)


· · Years Ended December 31,
· · 2025 · · 2024 · 2023

Net earned premiums	$1,139,011	$1,010,704	$834,414
Net investment income	62,732	55,720	56,377
Earnings from partnership investments	8,461	10,271	5,540
Net realized gains on investments	17,982	7,720	1,327
Change in net unrealized gains on equity securities	(802)	3,951	7,502
Credit loss benefit (expense)	1,198	9	(530)
Commission income	9,498	7,942	6,932
Finance and other service income	25,652	23,700	19,394
Total revenue	1,263,732	1,120,017	930,956

Losses and loss adjustment expenses	797,182	716,637	642,302
Underwriting, operating and related expenses	330,396	305,322	256,580
Other expense	7,941	7,683	6,836
Interest expense	1,530	509	818
Total expenses	1,137,049	1,030,151	906,536

Income before income taxes	126,683	89,866	24,420
Income tax expense	27,428	19,132	5,545
Net income	$99,255	$70,734	$18,875

Earnings per weighted average common share:
Basic	$6.72	$4.79	$1.28
Diluted	$6.70	$4.78	$1.28

Cash dividends paid per common share	$3.64	$3.60	$3.60

Number of shares used in computing earnings per share:
Basic	14,711,942	14,692,089	14,663,730
Diluted	14,745,125	14,717,118	14,710,131

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.