SAFETY INSURANCE GROUP INC

For the period ended Mar 31, 2026. Filed May 8, 2026.

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.

Mar 31, 2026 · Filed May 8, 2026

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

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Consolidated Balance Sheets

(Dollars in thousands, except share data)


· · March 31, · · December 31,
· · 2026 · · 2025
· · (Unaudited) · · ·
Assets
Investments:
Fixed maturities, available for sale, at fair value (amortized cost: $1,350,252 and $1,337,235, allowance for expected credit losses of $348 and $0)	$1,315,300	$1,315,548
Equity securities, at fair value (cost: $186,933 and $201,591)	194,798	220,953
Other invested assets	156,519	151,020
Total investments	1,666,617	1,687,521
Cash and cash equivalents	54,831	73,901
Accounts receivable, net of allowance for expected credit losses of $823 and $802	313,428	320,187
Receivable for securities sold	564	4,269
Accrued investment income	11,396	12,169
Taxes recoverable	7,810	—
Receivable from reinsurers related to paid loss and loss adjustment expenses	12,145	9,433
Receivable from reinsurers related to unpaid loss and loss adjustment expenses	151,810	149,441
Ceded unearned premiums	40,744	39,674
Deferred policy acquisition costs	108,515	111,791
Deferred income taxes	4,629	4,116
Equity and deposits in pools	4,965	4,197
Operating lease right-of-use-assets	11,101	11,861
Goodwill	17,093	17,093
Intangible assets	6,546	6,783
Other assets	22,377	18,672
Total assets	$2,434,571	$2,471,108

Liabilities
Losses and loss adjustment expense reserves	$813,089	$761,739
Unearned premium reserves	640,319	654,803
Accounts payable and accrued liabilities	59,120	80,461
Payable for securities purchased	3,302	846
Payable to reinsurers	1,890	15,184
Taxes payable	—	3,903
Long-term debt	50,000	50,000
Operating lease liabilities	11,101	11,861
Total liabilities	1,578,821	1,578,797

Commitments and contingencies (Note 8)

Shareholders’ equity
Common stock: $0.01 par value; 30,000,000 shares authorized; 18,103,381 and 18,051,631 shares issued	181	181
Additional paid-in capital	237,129	235,693
Accumulated other comprehensive loss, net of taxes	(27,337)	(17,133)
Retained earnings	816,270	844,063
Treasury stock, at cost: 3,419,947 shares	(170,493)	(170,493)
Total shareholders’ equity	855,750	892,311
Total liabilities and shareholders’ equity	$2,434,571	$2,471,108

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