Every material Form 8-K Safety Insurance Group has filed with the SEC since February 27, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Safety Insurance Group reported third quarter 2026 net income of $30.0 million, or $2.05 per diluted share, up from $28.3 million, or $1.91, a year earlier, as its combined ratio improved to 96.3% from 98.9%. Nine-month net income fell to $50.2 million from $79.1 million, and direct written premiums declined in both periods. Shareholders approved the pending all-cash acquisition by an affiliate of Mapfre at $105 per share on November 3, 2026, which remains subject to regulatory approval, and the board declared a $0.92 quarterly dividend.
Q3 2026 net income was $30.0 million, or $2.05 per diluted share, versus $28.3 million, or $1.91, in Q3 2025
Combined ratio was 96.3% versus 98.9%; direct written premiums fell 4.3% to $319.7 million
Nine-month net income was $50.2 million, or $3.43 per diluted share, versus $79.1 million, or $5.33
Mapfre deal pays $105 per share in cash; shareholders approved it November 3, 2026; regulatory approval pending
Safety Insurance Group reported second quarter 2026 net income of $34.5 million, or $2.36 per diluted share, up from $28.9 million, or $1.95, a year earlier, while the combined ratio improved to 95.7%. The filing also restates the pending all-cash acquisition by a Mapfre affiliate at $105 per share, which the company describes as a 44% premium to its July 23, 2026 stock price, and a $0.92 quarterly dividend. Net income for the six months fell to $20.2 million from $50.8 million, driven by losses from severe winter weather in the first quarter.
Q2 2026 net income $34.5 million, or $2.36 per diluted share, versus $28.9 million, or $1.95, in Q2 2025
Combined ratio 95.7% for Q2 2026 versus 98.1% a year earlier; six-month combined ratio rose to 104.5% from 98.8%
Mapfre affiliate to acquire Safety for $105 per share in cash, a transaction valued at about $1.54 billion
Quarterly dividend of $0.92 per share declared, payable September 15, 2026, to holders of record on September 1, 2026
On July 23, 2026, Safety Insurance Group, Inc. entered into a merger agreement with MAPFRE U.S.A. Corp. and its subsidiary Splash Merger Sub, Inc. Under the agreement, each outstanding share of company common stock will be converted into the right to receive $105.00 in cash, and the company will become a wholly-owned subsidiary of MAPFRE U.S.A. The board unanimously recommended that stockholders adopt the agreement, and completion depends on stockholder approval and regulatory approvals, including from the Massachusetts Commissioner of Insurance.
Merger consideration of $105.00 in cash per share of common stock, without interest.
Closing requires majority stockholder approval, expiration of HSR waiting periods, and Massachusetts Commissioner of Insurance approval.
Company termination fee of $46,243,518 in specified circumstances; Parent termination fee of $111,755,169 in specified regulatory-failure circumstances.
Termination Date is July 23, 2027, subject to automatic extension to January 23, 2028 under certain regulatory circumstances.
On June 9, 2026, Safety Insurance Group entered into Amendment No. 7 to its revolving credit agreement with Citizens Bank, N.A. The amendment raises the committed revolving facility from $50 million to $100 million and extends its maturity to June 9, 2031. The company has not drawn the additional amounts, and the facility remains secured by certain accounts receivable.
Committed revolving credit facility increased from $50 million to $100 million
Maturity extended to June 9, 2031
No drawings on the additional amounts as of the filing date
Obligations remain secured by certain accounts receivable and related assets
Safety Insurance Group 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. Two winter weather events in January and February drove higher claims, although total revenue rose 4.4% and the Board declared a $0.92 quarterly dividend. Book value per share fell to $58.28 at March 31, 2026 from $60.98 at December 31, 2025.
Net loss of $14.3 million, or $0.99 per diluted share, versus net income of $21.9 million, or $1.48 per diluted share, in Q1 2025
Winter weather events produced more than 1,600 property claims totaling $42.7 million, adding 14.6 percentage points to the 113.4% combined ratio (99.4% a year earlier)
Total revenue rose to $314.7 million from $301.4 million; net earned premiums increased 6.7% to $291.0 million
Quarterly dividend of $0.92 per share payable June 12, 2026 to shareholders of record June 1, 2026
Safety Insurance Group reported fourth quarter and full-year 2025 results. Full-year net income rose to $99.3 million, or $6.70 per diluted share, from $70.7 million, or $4.78, in 2024, and the combined ratio improved to 99.0% from 101.1%. The company also said it repurchased $20 million of shares in the fourth quarter.
Q4 2025 net income was $20.1 million, or $1.36 per diluted share, versus $8.1 million, or $0.55, in Q4 2024
Full-year 2025 combined ratio was 99.0%, compared with 101.1% in 2024
Company repurchased $20 million of shares in the quarter ended December 31, 2025
Board approved a $0.92 quarterly dividend payable March 13, 2026 to holders of record on March 2, 2026
Safety Insurance Group reported third quarter 2025 net income of $28.3 million, or $1.91 per diluted share, up from $25.9 million, or $1.73, a year earlier. The combined ratio improved to 98.9% from 100.7%, and the board approved a $0.92 quarterly dividend. The company also said it intends to resume share repurchases, with $44.76 million remaining under its $200 million authorization.
Net income of $28.3 million, or $1.91 per diluted share, versus $25.9 million, or $1.73, in Q3 2024
Non-GAAP operating income of $1.48 per diluted share, versus $1.10 in Q3 2024
Net earned premiums rose 12.5% to $291.0 million; combined ratio improved to 98.9% from 100.7%
Quarterly dividend of $0.92 per share, payable December 15, 2025 to holders of record on December 1, 2025
Safety Insurance Group reported second quarter 2025 net income of $28.9 million, or $1.95 per diluted share, up from $16.6 million, or $1.13, a year earlier. The company also raised its quarterly cash dividend from $0.90 to $0.92 per share, payable September 15, 2025.
Q2 2025 net income was $28.9 million, or $1.95 per diluted share, versus $16.6 million, or $1.13, in Q2 2024.
Combined ratio improved to 98.1% from 99.9%; the 2024 period included a $9.7 million benefit from a Massachusetts Property Insurance Underwriting Association restructuring.
Quarterly dividend increased to $0.92 per share from $0.90, payable September 15, 2025 to holders of record on September 2, 2025.
Net earned premiums rose 14.2% to $282.1 million for the quarter.
Safety Insurance Group reported first quarter 2025 net income of $21.9 million, or $1.48 per diluted share, up from $1.36 a year earlier. The combined ratio improved to 99.4% from 101.9%, and the company declared a $0.90 per share quarterly dividend payable June 13, 2025.
Net income rose to $21.9 million, or $1.48 per diluted share, from $20.1 million, or $1.36, in Q1 2024.
Combined ratio improved to 99.4% from 101.9%; loss ratio was 69.8% versus 71.3%.
Net earned premiums rose 15.5% to $272.7 million from $236.1 million.
Board declared a $0.90 per share dividend payable June 13, 2025 to holders of record on June 2, 2025.
Safety Insurance Group reported fourth quarter and full-year 2024 results. Full-year net income rose to $70.7 million, or $4.78 per diluted share, from $18.9 million, or $1.28, in 2023, and total revenue passed $1 billion for the first time. Fourth-quarter net income fell to $8.1 million, or $0.55 per diluted share, from $12.3 million, or $0.83, a year earlier.
Full-year 2024 total revenue was $1,120.0 million, up from $931.0 million in 2023.
Full-year 2024 combined ratio was 101.1%, compared with 107.7% in 2023; fourth-quarter combined ratio was 101.9%, compared with 106.5%.
Board approved a $0.90 per share quarterly cash dividend, payable March 14, 2025, to shareholders of record on March 3, 2025.
Full-year direct written premiums rose 20.4% to $1,193.1 million.
Safety Insurance Group reported third quarter 2024 net income of $25.9 million, or $1.73 per diluted share, up from $1.9 million, or $0.13 per diluted share, a year earlier. Its combined ratio improved to 100.7% from 104.8%, and its board declared a $0.90 per share quarterly dividend, payable December 13, 2024.
Q3 2024 net income $25.9 million, or $1.73 per diluted share, versus $1.9 million, or $0.13, in Q3 2023
Q3 2024 total revenue $295.3 million versus $229.4 million a year earlier
Combined ratio 100.7% for Q3 2024, down from 104.8%; losses and loss adjustment expenses rose to $182.5 million
Quarterly dividend of $0.90 per share declared, payable December 13, 2024 to holders of record on December 2, 2024
Safety Insurance Group reported second quarter 2024 net income of $16.6 million, or $1.13 per diluted share, down slightly from $17.0 million, or $1.15 per share, a year earlier. Net earned premiums rose 22.1% to $246.9 million, while the combined ratio improved to 99.9% from 101.9%, helped by a $9.7 million favorable effect from the Massachusetts FAIR Plan restructuring. The board also declared a $0.90 quarterly dividend.
Q2 2024 net income was $16.6 million, or $1.13 per diluted share, versus $17.0 million, or $1.15, in Q2 2023
Non-GAAP operating income per diluted share was $1.18, compared with $0.80 a year earlier
Losses and loss adjustment expenses rose 20.4% to $172.7 million; the combined ratio was 99.9% versus 101.9%
Quarterly dividend of $0.90 per share is payable September 13, 2024, to holders of record on September 3, 2024
Safety Insurance Group appointed Mary F. McConnell as Vice President of Underwriting, effective July 1, 2024, replacing James D. Berry, who previously said he intends to retire. The filing describes this as a routine officer appointment with a one-year employment contract at a $240,000 annual salary.
Mary F. McConnell, 40, appointed Vice President of Underwriting effective July 1, 2024
Replaces James D. Berry, who previously communicated his intention to retire
Has been Director of Product Management since 2019 and joined the insurance subsidiaries in 2006
One-year employment contract, renewable annually with Board approval, at $240,000 annual compensation
Safety Insurance Group reported first quarter 2024 net income of $20.1 million, or $1.36 per diluted share, compared with a net loss of $12.3 million, or $0.84 per diluted share, a year earlier. Net earned premiums rose 23.1% to $236.1 million, and the combined ratio improved to 101.9% from 118.5%, which the company linked to prior-year growth and a severe weather event in the first quarter of 2023. The board also declared a $0.90 per share quarterly dividend payable June 14, 2024.
Net income of $20.1 million, or $1.36 per diluted share, versus a net loss of $12.3 million, or $0.84 per diluted share, in Q1 2023
Net earned premiums rose 23.1% to $236.1 million; combined ratio improved to 101.9% from 118.5%
Q1 2023 losses included $32.1 million from a severe weather event
Quarterly dividend of $0.90 per share payable June 14, 2024, to holders of record on June 3, 2024
Safety Insurance Group disclosed that James D. Berry, its Vice President of Underwriting, has communicated his intention to retire effective July 1, 2024. The filing says Berry has been employed by the company's insurance subsidiaries for over 42 years and does not describe a successor or any financial terms.
James D. Berry, Vice President of Underwriting, communicated his intention to retire on April 22, 2024.
Retirement is effective July 1, 2024.
Berry has been employed by the insurance subsidiaries for over 42 years.
The filing does not name a replacement or describe compensation arrangements.
Safety Insurance Group reported fourth quarter 2023 net income of $12.3 million, or $0.83 per diluted share, down from $24.6 million, or $1.67, a year earlier, while Q4 total revenue rose to $258.4 million from $226.6 million. The combined ratio rose to 106.5% from 100.7%, and the company cited inflation and a December wind event, so profit per share fell even as premiums grew. Vice President of Insurance Operations Ann M. McKeown will retire and Brian S. Lam will succeed her, both effective March 1, 2024.
Q4 2023 net income was $12.3 million, or $0.83 per diluted share, versus $24.6 million, or $1.67, in Q4 2022
Q4 2023 combined ratio was 106.5% versus 100.7%, including $12.0 million of losses from a December 18 wind event
Q4 2023 direct written premiums rose 22.2% to $246.1 million from $201.4 million
Brian S. Lam was appointed Vice President of Insurance Operations effective March 1, 2024, at an annual compensation of $235,000, succeeding Ann M. McKeown, who is retiring
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