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AI brief of an SEC Form 8-K · Safety Insurance Group (SAFT)

Safety Insurance full-year 2024 net income rises to $70.7 million; Q4 profit falls

Mixed Impact 3 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanySafety Insurance Group (SAFT)
Form8-K, current report
Filed with the SECFeb 25, 2025, 4:12 PM ET
Accession number0001172052-25-000003

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 25, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.