SAFT on Nasdaq
SAFETY INSURANCE GROUP INC
In its 2026 annual report the company says: “We are a leading provider of private passenger automobile, commercial automobile, and homeowners insurance in Massachusetts. In addition to these coverages, we offer a portfolio of other insurance products, including dwelling fire, umbrella and business owner policies.”4 It is headquartered in Boston, United States.2 Its shares trade on Nasdaq under the symbol SAFT.2
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Last updated Oct 20, 2026.
Overview
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- TickerSAFT on Nasdaq2
- IndustryFire, Marine & Casualty Insurance2
- HeadquartersBoston, United States2
- Incorporated inDE3
- Business address20 Custom House Street, Boston, Ma 021103
- Filer categoryLarge accelerated filer3
- Legal formCorporation2
- LEI254900LDCFLA3J7468402
- StatusActive2
- LEI statusIssued and current2
- Registered addressC/O The Corporation Trust Company, 19801 Wilmington, United States2
- Registered withDivision of Corporations, Department of State, 34075072
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We are a leading provider of private passenger automobile, commercial automobile, and homeowners insurance in Massachusetts. In addition to these coverages, we offer a portfolio of other insurance products, including dwelling fire, umbrella and business owner policies. Operating exclusively in Massachusetts, New Hampshire and Maine through our insurance company subsidiaries, Safety Insurance Company ("Safety Insurance"), Safety Indemnity Insurance Company ("Safety Indemnity"), Safety Property and Casualty Insurance Company ("Safety P&C"), and Safety Northeast Insurance Company (“Safety Northeast”) (together referred to as the "Insurance Subsidiaries"), we have established strong relationships with independent insurance agents, who numbered 797 in 1,063 locations throughout these three states during 2025. We have used these relationships and, in particular, our extensive knowledge of the …4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
7.9%Net margin5
12.8%Revenue growth, 20255
11.1%Return on equity5
0.06×Debt to equity5
$192.0MFree cash flow5
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs90¢$1.1B
- Income tax2¢$27.4M
- Profit8¢$99.3M
Out of $1.3B in revenue.5
Where each dollar of operating cash went, fiscal 2025
- Capital spending1¢$2.5M
- Dividends paid28¢$53.9M
- Kept or used elsewhere71¢$138.1M
Out of $194.5M of cash from operations.5
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net earned premiums | $1.1B | $1.0B | $834.4M |
| Net investment income | $62.7M | $55.7M | $56.4M |
| Earnings from partnership investments | $8.5M | $10.3M | $5.5M |
| Net realized gains on investments | $18.0M | $7.7M | $1.3M |
| Change in net unrealized gains on equity securities | $4.0M | $7.5M | |
| Change in net unrealized gains on equity securities | -$802.0K | ||
| Credit loss benefit (expense) | $1.2M | $9.0K | -$530.0K |
| Commission income | $9.5M | $7.9M | $6.9M |
| Finance and other service income | $25.7M | $23.7M | $19.4M |
| Total revenue | $1.3B | $1.1B | $931.0M |
| Losses and loss adjustment expenses | $797.2M | $716.6M | $642.3M |
| Underwriting, operating and related expenses | $330.4M | $305.3M | $256.6M |
| Other expense | $7.9M | $7.7M | $6.8M |
| Interest expense | $1.5M | $509.0K | $818.0K |
| Total expenses | $1.1B | $1.0B | $906.5M |
| Income before income taxes | $126.7M | $89.9M | $24.4M |
| Income tax expense | $27.4M | $19.1M | $5.5M |
| Net income | $99.3M | $70.7M | $18.9M |
| 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 |
| Basic | 14.7M shares | 14.7M shares | 14.7M shares |
| Diluted | 14.7M shares | 14.7M shares | 14.7M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Fixed maturities, available for sale, at fair value (amortized cost: $1,337,235 and $1,181,038, allowance for expected credit losses of $0 and $1,198) | $1.3B | $1.1B | ||
| Short-term investments, at fair value (cost: $0 and $19,970) | $20.0M | |||
| Equity securities, at fair value (cost: $201,591 and $201,258) | $221.0M | $221.4M | ||
| Other invested assets | $151.0M | $156.4M | ||
| Total investments | $1.7B | $1.5B | ||
| Cash and cash equivalents | $73.9M | $59.0M | ||
| Accounts receivable, net of allowance for expected credit losses of $802 and $918 | $320.2M | $306.5M | $256.7M | $192.5M |
| Receivable for securities sold | $4.3M | $568.0K | ||
| Accrued investment income | $12.2M | $7.4M | ||
| Receivable from reinsurers related to paid loss and loss adjustment expenses | $9.4M | $26.4M | ||
| Receivable from reinsurers related to unpaid loss and loss adjustment expenses | $149.4M | $130.8M | $112.6M | |
| Ceded unearned premiums | $39.7M | $41.4M | ||
| Deferred policy acquisition costs | $111.8M | $105.5M | ||
| Deferred income taxes | $4.1M | $11.2M | ||
| Equity and deposits in pools | $4.2M | $3.7M | ||
| Operating lease right-of-use-assets | $11.9M | $15.7M | ||
| Goodwill | $17.1M | $17.1M | ||
| Intangible assets | $6.8M | $7.7M | ||
| Other assets | $18.7M | $24.0M | ||
| Total assets | $2.5B | $2.3B | ||
| Losses and loss adjustment expense reserves | $761.7M | $671.7M | $603.1M | $549.6M |
| Unearned premium reserves | $654.8M | $619.9M | ||
| Accounts payable and accrued liabilities | $80.5M | $77.3M | ||
| Payable for securities purchased | $846.0K | $6.9M | ||
| Payable to reinsurers | $15.2M | $19.1M | ||
| Taxes payable | $3.9M | $1.0M | ||
| Short-term debt | $30.0M | |||
| Long-term debt | $50.0M | |||
| Operating lease liabilities | $11.9M | $15.7M | ||
| Total liabilities | $1.6B | $1.4B | ||
| Common stock: $0.01 par value; 30,000,000 shares authorized; 18,051,631 and 17,995,584 shares issued | $181.0K | $180.0K | ||
| Additional paid-in capital | $235.7M | $230.9M | ||
| Accumulated other comprehensive loss, net of taxes | -$17.1M | -$51.0M | ||
| Retained earnings | $844.1M | $798.8M | ||
| Treasury stock, at cost: 3,419,947 and 3,157,577 shares | -$170.5M | -$150.3M | ||
| Total shareholders' equity | $892.3M | $828.5M | $804.3M | $812.0M |
| Total liabilities and shareholders' equity | $2.5B | $2.3B | ||
| Fixed maturity securities, cost or amortized cost | $1.3B | $1.2B | ||
| Fixed maturity securities, allowance for expected credit losses | $0 | $1.2M | ||
| Short term investments, at cost | $0 | $20.0M | ||
| Equity securities, at cost | $201.6M | $201.3M | ||
| Allowance for expected credit losses | $802.0K | $918.0K | $1.1M | $1.4M |
| Common stock par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock shares authorized | 30.0M shares | 30.0M shares | ||
| Common stock shares issued | 18.1M shares | 18.0M shares | ||
| Treasury stock shares | 3.4M shares | 3.2M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Fixed maturities, available for sale, at fair value (amortized cost: $1,337,235 and $1,181,038, allowance for expected credit losses of $0 and $1,198) | $1.3B | $1.1B | ||
| Short-term investments, at fair value (cost: $0 and $19,970) | $20.0M | |||
| Equity securities, at fair value (cost: $201,591 and $201,258) | $221.0M | $221.4M | ||
| Other invested assets | $151.0M | $156.4M | ||
| Total investments | $1.7B | $1.5B | ||
| Cash and cash equivalents | $73.9M | $59.0M | ||
| Accounts receivable, net of allowance for expected credit losses of $802 and $918 | $320.2M | $306.5M | $256.7M | $192.5M |
| Receivable for securities sold | $4.3M | $568.0K | ||
| Accrued investment income | $12.2M | $7.4M | ||
| Receivable from reinsurers related to paid loss and loss adjustment expenses | $9.4M | $26.4M | ||
| Receivable from reinsurers related to unpaid loss and loss adjustment expenses | $149.4M | $130.8M | $112.6M | |
| Ceded unearned premiums | $39.7M | $41.4M | ||
| Deferred policy acquisition costs | $111.8M | $105.5M | ||
| Deferred income taxes | $4.1M | $11.2M | ||
| Equity and deposits in pools | $4.2M | $3.7M | ||
| Operating lease right-of-use-assets | $11.9M | $15.7M | ||
| Goodwill | $17.1M | $17.1M | ||
| Intangible assets | $6.8M | $7.7M | ||
| Other assets | $18.7M | $24.0M | ||
| Total assets | $2.5B | $2.3B | ||
| Losses and loss adjustment expense reserves | $761.7M | $671.7M | $603.1M | $549.6M |
| Unearned premium reserves | $654.8M | $619.9M | ||
| Accounts payable and accrued liabilities | $80.5M | $77.3M | ||
| Payable for securities purchased | $846.0K | $6.9M | ||
| Payable to reinsurers | $15.2M | $19.1M | ||
| Taxes payable | $3.9M | $1.0M | ||
| Short-term debt | $30.0M | |||
| Long-term debt | $50.0M | |||
| Operating lease liabilities | $11.9M | $15.7M | ||
| Total liabilities | $1.6B | $1.4B | ||
| Common stock: $0.01 par value; 30,000,000 shares authorized; 18,051,631 and 17,995,584 shares issued | $181.0K | $180.0K | ||
| Additional paid-in capital | $235.7M | $230.9M | ||
| Accumulated other comprehensive loss, net of taxes | -$17.1M | -$51.0M | ||
| Retained earnings | $844.1M | $798.8M | ||
| Treasury stock, at cost: 3,419,947 and 3,157,577 shares | -$170.5M | -$150.3M | ||
| Total shareholders' equity | $892.3M | $828.5M | $804.3M | $812.0M |
| Total liabilities and shareholders' equity | $2.5B | $2.3B | ||
| Fixed maturity securities, cost or amortized cost | $1.3B | $1.2B | ||
| Fixed maturity securities, allowance for expected credit losses | $0 | $1.2M | ||
| Short term investments, at cost | $0 | $20.0M | ||
| Equity securities, at cost | $201.6M | $201.3M | ||
| Allowance for expected credit losses | $802.0K | $918.0K | $1.1M | $1.4M |
| Common stock par value (in dollars per share) | $0.01 | $0.01 | ||
| Common stock shares authorized | 30.0M shares | 30.0M shares | ||
| Common stock shares issued | 18.1M shares | 18.0M shares | ||
| Treasury stock shares | 3.4M shares | 3.2M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $99.3M | $70.7M | $18.9M |
| Investment amortization, net | -$1.6M | $719.0K | -$310.0K |
| Fixed asset depreciation, net | $6.8M | $9.5M | $6.9M |
| Stock based compensation | $4.8M | $4.5M | $4.3M |
| Credit for deferred income taxes | -$1.9M | $380.0K | $1.7M |
| Net realized gains on investments | -$16.8M | -$7.7M | -$1.3M |
| Credit loss (benefit) expense | -$1.2M | -$9.0K | $530.0K |
| Earnings from partnership investments | $500.0K | -$7.6M | -$4.6M |
| Change in net unrealized gains on equity securities | -$4.0M | -$7.5M | |
| Change in net unrealized gains on equity securities | $697.0K | ||
| Accounts receivable, net | -$13.7M | -$49.8M | -$64.1M |
| Accrued investment income | -$4.7M | -$165.0K | $951.0K |
| Receivable from reinsurers | -$1.7M | -$31.4M | -$19.4M |
| Ceded unearned premiums | $1.7M | -$9.1M | -$3.9M |
| Deferred policy acquisition costs | -$6.3M | -$13.6M | -$16.3M |
| Taxes payable | $2.9M | $1.6M | -$2.4M |
| Other assets | $1.6M | $13.6M | -$2.1M |
| Losses and loss adjustment expense reserves | $90.1M | $68.6M | $53.5M |
| Unearned premium reserves | $34.9M | $91.8M | $94.8M |
| Accounts payable and accrued liabilities | $3.1M | $13.2M | -$9.3M |
| Payable to reinsurers | -$3.9M | $3.1M | $4.5M |
| Other liabilities | -$25.7M | -$2.5M | |
| Net cash provided by operating activities | $194.5M | $128.7M | $52.1M |
| Fixed maturities purchased | -$537.4M | -$269.9M | -$91.7M |
| Short-term investments purchased | -$19.6M | ||
| Equity securities purchased | -$122.1M | -$55.9M | -$50.8M |
| Other invested assets purchased | -$7.9M | -$11.4M | -$19.1M |
| Proceeds from sales and paydowns of fixed maturities | $294.1M | $151.2M | $102.1M |
| Proceeds from maturities, redemptions, and calls of fixed maturities | $70.0M | $60.6M | $19.5M |
| Proceeds from maturities of short-term investments | $20.0M | ||
| Proceed from sales of equity securities | $148.4M | $85.5M | $64.7M |
| Proceeds from other invested assets redeemed | $11.7M | $11.3M | $3.4M |
| Acquisition, net of cash received | -$2.1M | -$2.1M | |
| Fixed assets purchased | -$2.5M | -$4.4M | -$1.8M |
| Net cash (used for) provided by investing activities | -$125.7M | -$54.5M | $24.3M |
| Payments on FHLB loan | -$30.0M | -$15.0M | -$25.0M |
| Dividends paid to shareholders | -$53.9M | -$53.3M | -$53.3M |
| Acquisition of treasury stock | -$20.0M | -$5.2M | |
| Net cash used for financing activities | -$53.9M | -$53.3M | -$63.5M |
| Net (decrease) increase in cash and cash equivalents | $14.9M | $20.8M | $12.9M |
| Federal and state income taxes, net of refunds | $26.9M | $16.5M | $6.1M |
| Interest | $1.4M | $510.0K | $811.0K |
No quarter-by-quarter statement was filed.
Corporate structure
SAFETY INSURANCE GROUP INC sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of SAFETY INSURANCE GROUP INC
- GLAZER CAPITAL, LLC Filed SCHEDULE 13G on SAFETY INSURANCE GROUP INC, latest Oct 2, 2026
- SRB CORP Filed SCHEDULE 13G/A on SAFETY INSURANCE GROUP INC, latest Jul 29, 2026 (5 filings since Feb 14, 2022)
- State Street Corporation Filed SCHEDULE 13G on SAFETY INSURANCE GROUP INC, latest May 12, 2026 (3 filings since Feb 6, 2023)
- VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on SAFETY INSURANCE GROUP INC, latest Apr 30, 2026
- VANGUARD PORTFOLIO MANAGEMENT LLC Filed SCHEDULE 13G on SAFETY INSURANCE GROUP INC, latest Apr 29, 2026
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on SAFETY INSURANCE GROUP INC, latest Mar 27, 2026 (4 filings since Feb 10, 2022)
- VICTORY CAPITAL MANAGEMENT INC Filed SCHEDULE 13G/A on SAFETY INSURANCE GROUP INC, latest Oct 31, 2025 (6 filings since Feb 2, 2023)
- DIMENSIONAL FUND ADVISORS LP Filed SCHEDULE 13G/A on SAFETY INSURANCE GROUP INC, latest Apr 15, 2025 (3 filings since Feb 8, 2022)
- BlackRock Filed SCHEDULE 13G/A on SAFETY INSURANCE GROUP INC, latest Feb 5, 2025
- PRICE T ROWE ASSOCIATES INC /MD/ Filed SC 13G/A on SAFETY INSURANCE GROUP INC, latest Feb 14, 2022
- SAFETY INSURANCE GROUP INC Boston, Massachusetts, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What SAFETY INSURANCE GROUP INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $99.4M5 Dec 31, 2025 | $95.2M5 Dec 31, 2024 | +4.4% |
| Accumulated depreciation | $92.3M5 Dec 31, 2025 | $90.7M5 Dec 31, 2024 | +1.8% |
| Property and equipment, net | $7.1M5 Dec 31, 2025 | $4.5M5 Dec 31, 2024 | +56.0% |
| Operating-lease assets (leased space) | $11.9M5 Dec 31, 2025 | $15.7M5 Dec 31, 2024 | −24.6% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $73.9M5 Dec 31, 2025 | $59.0M5 Dec 31, 2024 | +25.3% |
| Equity securities at fair value | $221.0M5 Dec 31, 2025 | $221.4M5 Dec 31, 2024 | −0.2% |
| Stakes in other companies (equity method) | $151.0M5 Dec 31, 2025 | $156.4M5 Dec 31, 2024 | −3.5% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $17.1M5 Dec 31, 2025 | $17.1M5 Dec 31, 2024 | 0% |
| Finite-lived intangibles, net | $6.8M5 Dec 31, 2025 | $7.7M5 Dec 31, 2024 | −12.3% |
Properties, in its own words
We conduct most of our operations in approximately 72 thousand square feet of leased space at 20 Custom House Street in downtown Boston, Massachusetts. Our lease will expire on December 31, 2028. This real estate space was remodeled in 2018 and included capital expenditures to update lighting as well as heating, ventilation and air condition systems with state of the art and environmentally focused technologies.
Item 2 of the 10-K filed Feb 27, 2026.4
Leadership
Who has led SAFETY INSURANCE GROUP INC, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
2010201520202025
- Chief executive officerGeorge Murphy Apr 1, 2016 to now13
- Chief executive officerDavid F. Brussard Jan 13, 2006 to Mar 16, 201614
- ChairDavid F. Brussard Jan 13, 2006 to Mar 16, 201614
- PresidentGeorge Murphy Apr 1, 2016 to now13
- PresidentDavid F. Brussard Jan 13, 2006 to Mar 16, 201614
- Chief financial officerChristopher Thomas Whitford Mar 11, 2020 to now15
- Chief financial officerWilliam J. Begley Jr. Mar 14, 2006 to Mar 3, 202016
Board members and other officers (25)
- VP of Insurance OperationsBrian Siu-Gae Lam Mar 26, 2024 to now17
- VP of UnderwritingMary Frances McConnell Jul 2, 2024 to now18
- VP of Actuarial ServicesGlenn Hiltpold Mar 10, 2021 to now19
- VP - MarketingJohn Patrick Drago Apr 6, 2016 to now20
- V.P Insurance OperationsAnn Marie McKeown Aug 6, 2015 to Mar 4, 202421
- VP - MISStephen Albert Varga Aug 28, 2014 to now22
- VP - ClaimsPaul J. Narciso Aug 14, 2013 to now23
- VP - UnderwritingN. Edward Patrick Jr. Jan 5, 2006 to Mar 13, 201524
- VP - ClaimsRobert J. Kerton Jan 5, 2006 to Mar 13, 201325
- VP - MIS & CIODaniel D. Loranger Feb 1, 2006 to Mar 13, 201426
- VP - Claims OperationsDavid E. Krupa Mar 14, 2006 to Mar 2, 202027
- VP - MarketingGeorge Murphy Mar 14, 2006 to Mar 16, 201628
- VP - Insurance OperationsJames Berry Mar 14, 2006 to Mar 4, 202429
- Board memberDennis J. Langwell May 18, 2023 to now30
- Board memberCharles Joseph Brophy Iii. Sep 7, 2023 to now31
- Board memberDeborah E. Gray Apr 7, 2022 to now32
- Board memberJohn Daniel Farina Jr. Apr 8, 2022 to now33
- Board memberMary Coffey Moran May 4, 2020 to now34
- Board memberThalia Meehan Jul 11, 2017 to now35
- Board memberDavid F. Brussard Apr 1, 2016 to Feb 27, 202336
- Board memberGeorge Murphy Apr 1, 2016 to now13
- Board memberPeter J. Manning Feb 16, 2006 to Feb 28, 202437
- Board memberA. Richard Caputo Jr. Mar 14, 2006 to Dec 21, 201638
- Board memberDavid D. McKown Mar 14, 2006 to Mar 11, 202139
- Board memberFrederic H. Lindeberg Mar 14, 2006 to Mar 7, 202240
Former names
- SAFETY HOLDINGS INCDec 10, 2002 to Dec 20, 20023
Timeline
- Sep 15, 20268-K Other events41
- Aug 5, 20268-K Results of operations42
- Jul 24, 20268-K Entered a material agreement43
- Jul 23, 20268-K Regulation FD disclosure44
- Jun 15, 20268-K Entered a material agreement; New debt or obligation45
- May 14, 20268-K Shareholder vote46
- May 6, 20268-K Results of operations47
- Feb 25, 20268-K Results of operations48
- Nov 3, 20258-K Results of operations49
- Aug 6, 20258-K Results of operations50
- May 15, 20258-K Shareholder vote51
- May 7, 20258-K Results of operations52
- Apr 1, 2016New chief executive George Murphy becomes CEO13
- Jan 13, 2006New chief executive David F. Brussard becomes CEO14
- Jun 25, 2001Founded SAFETY INSURANCE GROUP INC is founded2
Calendar
Coming up
- Nov 2, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $1.48 a share, on Nov 3, 2025.53
When it reported results
- Aug 5, 2026Reported quarterly or annual results42
- May 6, 2026Reported quarterly or annual results47
- Feb 25, 2026Reported quarterly or annual results48
- Nov 3, 2025Reported quarterly or annual results49
- Aug 6, 2025Reported quarterly or annual results50
- May 7, 2025Reported quarterly or annual results52
- Feb 25, 2025Reported quarterly or annual results54
- Nov 5, 2024Reported quarterly or annual results55
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
315 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 36 major events, 133 insider forms, 29 large holders, 97 other. The latest 20:
- Oct 2, 2026SCHEDULE 13G EDGAR
- Sep 15, 2026DEFA14A EDGAR
- Sep 15, 20268-K EDGAR
- Sep 14, 2026DEFM14A EDGAR
- Sep 3, 2026PREM14A EDGAR
- Aug 7, 202610-Q EDGAR
- Aug 5, 20268-K EDGAR
- Jul 29, 2026SCHEDULE 13G/A EDGAR
- Jul 28, 20264 EDGAR
- Jul 27, 20264 EDGAR
- Jul 24, 2026DEFA14A EDGAR
- Jul 24, 20268-K EDGAR
- Jul 23, 2026DEFA14A EDGAR
- Jul 23, 2026DEFA14A EDGAR
- Jul 23, 2026DEFA14A EDGAR
- Jul 23, 2026DEFA14A EDGAR
- Jul 23, 20268-K EDGAR
- Jul 20, 20264 EDGAR
- Jul 14, 20264 EDGAR
- Jul 10, 20264 EDGAR
The 315 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
64 open-market trades by officers, directors and large owners since October 2021: 18 buys and 46 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jul 27, 2026 | SRB CORP10% owner | Sale | 1,240,352 | $103.06 | $127.8M | Form 4 |
| Jul 24, 2026 | Plymouth Rock Co Inc10% owner | Sale | 38,835 | $103.08 | $4.0M | Form 4 |
| Jul 17, 2026 | SRB CORP10% owner | Sale | 5,159 | $76.03 | $392.2K | Form 4 |
| Jul 13, 2026 | SRB CORP10% owner | Sale | 34,272 | $76.04 | $2.6M | Form 4 |
| Jul 9, 2026 | Plymouth Rock Co Inc10% owner | Sale | 2,650 | $76.51 | $202.8K | Form 4 |
| Mar 20, 2026 | Plymouth Rock Co Inc10% owner | Sale | 14,151 | $71.12 | $1.0M | Form 4 |
| Mar 17, 2026 | SRB CORP10% owner | Sale | 1,199 | $73.06 | $87.6K | Form 4 |
| Mar 2, 2026 | SRB CORP10% owner | Sale | 11,270 | $76.49 | $862.0K | Form 4 |
| Feb 27, 2026 | SRB CORP10% owner | Sale | 235 | $77.82 | $18.3K | Form 4 |
| Feb 26, 2026 | SRB CORP10% owner | Sale | 11,487 | $78.36 | $900.1K | Form 4 |
| Feb 25, 2026 | SRB CORP10% owner | Sale | 2,147 | $78.29 | $168.1K | Form 4 |
| Feb 24, 2026 | Plymouth Rock Co Inc10% owner | Sale | 3,231 | $77.14 | $249.2K | Form 4 |
| Feb 23, 2026 | Plymouth Rock Co Inc10% owner | Sale | 4,089 | $77.48 | $316.8K | Form 4 |
| Sep 18, 2025 | Hiltpold GlennVP OF ACTUARIAL SERVICES | Buy | 55 | $71.74 | $3.9K | Form 4 |
| Sep 5, 2025 | Langwell Dennis J.Director | Buy | 2,000 | $72.39 | $144.8K | Form 4 |
| Aug 11, 2025 | Langwell Dennis J.Director | Buy | 2,000 | $71.49 | $143.0K | Form 4 |
| Sep 25, 2024 | Lam Brian Siu-GaeVP of Insurance Operations | Sale | 226 | $81.46 | $18.4K | Form 4 |
| Sep 6, 2024 | Hiltpold GlennVP OF ACTUARIAL SERVICES | Sale | 389 | $84.41 | $32.8K | Form 4 |
| Aug 14, 2024 | Whitford Christopher ThomasVP, CFO AND SECRETARY | Sale | 300 | $79.60 | $23.9K | Form 4 |
| Aug 13, 2024 | Brophy Charles Joseph IIIDirector | Buy | 1,000 | $78.80 | $78.8K | Form 4 |
All 64 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- GLAZER CAPITAL, LLCSCHEDULE 13G, 1 filing Oct 2, 202656
- SRB CORPSCHEDULE 13G/A, 5 filings Feb 14, 2022 to Jul 29, 202657
- State Street CorporationSCHEDULE 13G, 3 filings Feb 6, 2023 to May 12, 202658
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 30, 202659
- VANGUARD PORTFOLIO MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 202660
- VANGUARD GROUP INCSCHEDULE 13G/A, 4 filings Feb 10, 2022 to Mar 27, 202661
- VICTORY CAPITAL MANAGEMENT INCSCHEDULE 13G/A, 6 filings Feb 2, 2023 to Oct 31, 202562
- DIMENSIONAL FUND ADVISORS LPSCHEDULE 13G/A, 3 filings Feb 8, 2022 to Apr 15, 202563
- BlackRockSCHEDULE 13G/A, 1 filing Feb 5, 202564
- PRICE T ROWE ASSOCIATES INC /MD/SC 13G/A, 1 filing Feb 14, 202265
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | George M. Murphy | $850.0K | $4.2M66 | |
| 2025 | Christopher T. Whitford | $464.0K | $1.6M66 | |
| 2025 | Stephen A. Varga | $375.0K | $1.3M66 | |
| 2025 | Paul J. Narciso | $341.5K | $1.2M66 | |
| 2025 | John P. Drago | $300.0K | $1.1M66 | |
| 2024 | George M. Murphy | $800.0K | $3.7M66 | |
| 2024 | Christopher T. Whitford | $450.0K | $1.4M66 | |
| 2024 | Stephen A. Varga | $346.1K | $1.2M66 | |
| 2024 | Paul J. Narciso | $331.2K | $1.2M66 | |
| 2024 | John P. Drago | $281.3K | $1.1M66 | |
| 2023 | George M. Murphy | $800.0K | $2.0M66 | |
| 2023 | Christopher T. Whitford | $400.0K | $848.0K66 | |
| 2023 | Stephen A. Varga | $333.6K | $823.1K66 | |
| 2023 | Paul J. Narciso | $319.2K | $801.2K66 | |
| 2023 | John P. Drago | $271.1K | $658.4K66 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How SAFETY INSURANCE GROUP INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARSAFETY INSURANCE GROUP INC1
- CIK0001172052
- Employer ID (EIN)13-41816994
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
- Incorporated inDelaware4
- Fiscal year endsDecember 311
- Industry code (SIC)6331 Fire, Marine & Casualty Insurance1
- SEC reviewing officeOffice of Finance, Division of Corporation Finance1
- Business address20 Custom House Street, Boston, MA 021101
- Phone617-951-06001
- Shares outstanding14,680,482 as of Aug 3, 202611
- Public float$1.2B as of Jun 30, 20254
- AuditorDeloitte & Touche LLP, Boston, Massachusetts PCAOB ID 34; it also attests to the company’s internal control over financial reporting4
- On EDGAR sinceApr 26, 20021
- Filings1,245 in all: 4 (697), 8-K (145), SC 13G/A (76), 144 (74), 10-Q (72), SC 13G (29), 10-K (24), DEF 14A (24)1
All 32 form types
3 (20), CORRESP (10), DEFA14A (10), UPLOAD (10), 5 (8), S-1/A (8), SCHEDULE 13G/A (8), SCHEDULE 13G (5), 4/A (4), S-8 (4), ARS (3), DFAN14A (2), 424A (1), 424B4 (1), 8-A12G (1), DEFM14A (1), PREC14A (1), PREM14A (1), PRER14A (1), PX14A6G (1), S-1 (1), S-1MEF (1), SC 13D (1), SC 13D/A (1)
- Latest filingsAnnual report (10-K) Feb 27, 2026
Quarterly report (10-Q) Aug 7, 2026
Proxy statement (DEF 14A) Mar 31, 2026
Latest 8-K (8-K) Sep 15, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Shares, $0.01 par value per share | SAFT | The Nasdaq Stock Market, LLC |
From the cover page of the 10-K filed Feb 27, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks SAFETY INSURANCE GROUP INC names in Item 1A of its 10-K filed Feb 27, 2026: 23 risks under these headings, as written.4
- We are subject to comprehensive government regulation and our ability to earn profits may be restricted by these regulations.
- There are anti-takeover provisions contained in our organizational documents and in laws of the State of Delaware and the Commonwealth of Massachusetts that could impede an attempt to replace or remove our management or prevent the sale of our Company, which could diminish the value of our common stock.
- With a concentration of private passenger automobile insurance, our business may be adversely affected by conditions in this industry.
- Because we write insurance principally in Massachusetts, our business may be adversely affected by conditions in Massachusetts, including the impact of additional competitors.
- We have exposure to claims related to severe weather conditions, which may result in an increase in claims frequency and severity.
- Climate change and increasing climate change regulation may adversely impact our results of operations.
- The impact of inflation and supply chain delays may increase loss severity.
- If we are not able to attract and retain independent agents, it could adversely affect our business.
- Established competitors with greater resources may make it difficult for us to market our products effectively and offer our products at a profit.
- We may enter new markets and there can be no assurance that our diversification strategy will be effective.
- We may not be able to successfully alleviate risk through reinsurance arrangements, which could cause us to reduce our premiums written in certain lines or could result in losses.
- As a holding company, Safety Insurance Group, Inc. is dependent on the results of operations of the Safety Insurance Company.
The other 11 risks
- Our failure to maintain a commercially acceptable financial strength rating would significantly and negatively affect our ability to implement our business strategy successfully.
- Our losses and loss adjustment expenses may exceed our reserves, which could significantly affect our business.
- Acquisitions may not produce the anticipated benefits and may result in unintended consequences, which could have a material adverse impact on our financial condition or results of operations.
- If our agency business does not perform well, we may be required to recognize an impairment of our goodwill.
- Future sales of shares of our common stock by our existing shareholders in the public market, or the possibility or perception of such future sales, could adversely affect the market price of our stock.
- A proxy contest with an activist shareholder could cause us to incur significant costs, divert management’s attention and resources, and have an adverse effect on our business
- Our success depends on our ability to adjust claims accurately.
- Our business depends on the uninterrupted operation of our systems and business functions, including our information technology, telecommunications and other business systems. Our business continuity and disaster recovery plans may not sufficiently address all contingencies.
- Our business could be materially and adversely affected by a security breach or other attack involving our computer systems or the systems of one or more of our agents and vendors.
- Our development and use of new technology, such as generative artificial intelligence, may present additional risks, may not be successful, and could have a material adverse effect on our business.
- Market fluctuations and changes in interest rates can have significant and negative effects on our investment portfolio.
Legal proceedings
Our Insurance Subsidiaries are parties to a number of lawsuits arising in the ordinary course of their insurance business. We believe that the ultimate resolution of these lawsuits will not, individually or in the aggregate, have a material adverse effect on our financial condition.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 20SEC EDGARJohn Patrick Drago, VP - Marketing
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- 22SEC EDGARStephen Albert Varga, VP - MIS
- 23SEC EDGARPaul J. Narciso, VP - Claims
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- 25SEC EDGARRobert J. Kerton, VP - Claims
- 26SEC EDGARDaniel D. Loranger, VP - MIS & CIO
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- 28SEC EDGARGeorge Murphy, VP - Marketing
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- 30SEC EDGARDennis J. Langwell, Board member
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- 32SEC EDGARDeborah E. Gray, Board member
- 33SEC EDGARJohn Daniel Farina Jr., Board member
- 34SEC EDGARMary Coffey Moran, Board member
- 35SEC EDGARThalia Meehan, Board member
- 36SEC EDGARDavid F. Brussard, Board member
- 37SEC EDGARPeter J. Manning, Board member
- 38SEC EDGARA. Richard Caputo Jr., Board member
- 39SEC EDGARDavid D. McKown, Board member
- 40SEC EDGARFrederic H. Lindeberg, Board member
- 41SEC EDGAROther events
- 42SEC EDGARResults of operations
- 43SEC EDGAREntered a material agreement
- 44SEC EDGARRegulation FD disclosure
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- 46SEC EDGARShareholder vote
- 47SEC EDGARResults of operations
- 48SEC EDGARResults of operations
- 49SEC EDGARResults of operations
- 50SEC EDGARResults of operations
- 51SEC EDGARShareholder vote
- 52SEC EDGARResults of operations
- 53NasdaqNasdaq calendar
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