SAFT

BOSTON, August 05, 2026--(BUSINESS WIRE)--Safety Insurance Group, Inc. (NASDAQ:SAFT) ("Safety" or the "Company") today reported second quarter 2026 results. George M. Murphy, Chairman of the Board of Directors, President and Chief Executive Officer, commented: "I’m pleased to announce that for quarter ended June 30, 2026, our combined ratio improved to 95.7% compared to 98.1% in the same period in the prior year. The combined ratio of 95.7% reflects the impact of our underwriting discipline and ongoing pricing strategy. Net income for the quarter ended June 30, 2026 was $34.5 million, or $2.36 per diluted share, compared to net income of $28.9 million, or $1.95 per diluted share, for the comparable 2025 period. The increase in net income reflects the impact of strong written premium growth in prior years earning into top-line revenue, as well as the ongoing impact of pricing actions. Also, on July 23, 2026, the Company announced that it has entered into a definitive agreement under which an affiliate of Mapfre S.A. ("Mapfre") will acquire Safety in an all-cash transaction valued at approximately $1.54 billion. Under the terms of the agreement, Safety shareholders will receive $105 for each Safety common share in cash, which represents a premium of 44% on Safety’s stock price as of July 23, 2026. This transaction represents an exceptional outcome for our shareholders and an exciting new chapter for Safety. Throughout our history, we have built a company defined by strong underwriting, deep relationships with agents and clients, and an unwavering commitment to the communities we serve. Mapfre shares our long-term vision, our insurance culture, and our commitment to serving clients. Together, we will be even better positioned to invest in our people, strengthen our capabilities, expand our product offering, and continue delivering the high-quality service our clients and distribution partners expect from Safety." Second Quarter 2026 Results and Recent Developments Net income for the quarter ended June 30, 2026 was $34.5 million, or $2.36 per diluted share, compared to net income of $28.9 million, or $1.95 per diluted share, for the comparable 2025 period. Net income for the six months ended June 30, 2026 was $20.2 million, or $1.38 per diluted share, compared to net income of $50.8 million, or $3.43 per diluted share, for the comparable 2025 period. Non-generally accepted accounting principles ("non-GAAP") operating income, as defined below, for the quarter ended June 30, 2026 was $2.03 per diluted share, compared to $1.45 per diluted share for the comparable 2025 period. Non-GAAP operating income for the six months ended June 30, 2026 was $1.33 per diluted share compared to $2.74 per diluted share for the comparable 2025 period. Safety’s book value per share decreased to $59.70 at June 30, 2026 from $60.98 at December 31, 2025, primarily due to underwriting losses incurred during the first quarter of 2026, as well as decreases in the value of our fixed maturity portfolio. Safety paid $0.92 per share in dividends to investors during the quarter ended June 30, 2026 compared to $0.90 for the comparable 2025 period. Safety paid $3.64 per share in dividends to investors during the year ended December 31, 2025. Today, our Board of Directors approved a $0.92 per share quarterly cash dividend on our issued and outstanding common stock payable on September 15, 2026, to shareholders of record at the close of business on September 1, 2026. Direct written premiums for the quarter ended June 30, 2026 decreased by $4.0 million, or 1.2%, to $341.8 million from $345.8 million for the comparable 2025 period. Direct written premiums for the six months ended June 30, 2026 decreased by $3.2 million, or 0.5%, to $641.6 million from $644.8 million for the comparable 2025 period. Net written premiums for the quarter ended June 30, 2026 decreased by $6.0 million, or 1.9%, to $313.5 million from $319.5 million for the comparable 2025 period. Net written premiums for the six months ended June 30, 2026 decreased by $5.4 million, or 0.9%, to $588.9 million from $594.3 million for the comparable 2025 period. The decreases in direct written premiums and net written premiums are primarily due to the cancellation of certain underperforming agency relationships. For the six months ended June 30, 2026, the Company experienced policy count declines of 8.8% in Private Passenger Automobile and 4.0% in Homeowners lines, partially offset by 2.7% growth in Commercial Automobile policies, compared to the same period in 2025. Average written premium per policy increased 2.9%, 6.4% and 10.9% in Private Passenger Automobile, Commercial Automobile and Homeowners lines, respectively, compared to the same period in 2025 reflecting the result of rate increases. Net earned premiums for the quarter ended June 30, 2026 increased by $9.6 million, or 3.4%, to $291.7 million from $282.1 million for the comparable 2025 period. Net earned premiums for the six months ended June 30, 2026 increased by $27.8 million, or 5.0%, to $582.6 million from $554.8 million for the comparable 2025 period. The increase in net earned premium is the result of rate increases earning into top-line results. For the quarter ended June 30, 2026, losses and loss adjustment expenses incurred increased by $0.9 million, or 0.5%, to $195.1 million from $194.2 million for the comparable 2025 period. For the six months ended June 30, 2026, losses and loss adjustment expenses incurred increased by $58.1 million, or 15.1%, to $442.6 million from $384.5 million for the comparable 2025 period. The increase in losses during the six months ended June 30, 2026 is due to the impact of two severe winter weather events that occurred during the quarter ended March 31, 2026. Loss, expense, and combined ratios calculated for the quarter ended June 30, 2026 were 66.9%, 28.8%, and 95.7%, respectively, compared to 68.8%, 29.3%, and 98.1%, respectively, for the comparable 2025 period. The decrease in loss and expense ratios is driven by the increase in net earned premiums. Loss, expense, and combined ratios calculated for the six months ended June 30, 2026 were 76.0%, 28.5%, and 104.5%, respectively, compared to 69.3%, 29.5%, and 98.8%, respectively, for the comparable 2025 period. The increase in the combined ratio during the six months ended June 30, 2026 was primarily driven by the increase in losses discussed above. Total prior year favorable development included in the pre-tax results for the quarter ended June 30, 2026 was $10.6 million compared to $11.2 million for the comparable 2025 period. Total prior year favorable development included in the pre-tax results for the six months ended June 30, 2026 was $21.1 million compared to $23.5 million for the comparable 2025 period. Net investment income for the quarter ended June 30, 2026 increased by $0.9 million, or 5.3%, to $16.6 million from $15.7 million for the comparable 2025 period. Net investment income for the six months ended June 30, 2026 increased by $3.3 million, or 10.9%, to $33.6 million from $30.3 million for the comparable 2025 period. The increase is primarily driven by higher assets under management, reinvestment rates that exceeded the yields on maturing securities, and strong alternative asset returns. Net effective annualized yield on the investment portfolio was 4.0% for the quarter ended June 30, 2026 compared to 4.2% for the comparable 2025 period. Net effective annualized yield on the investment portfolio was 4.1% for the six months ended June 30, 2026 compared to 4.0% for the comparable 2025 period. The investment portfolio’s duration on fixed maturities was 3.8 years at June 30, 2026 compared to 3.9 years at December 31, 2025. Non-GAAP Measures Management has included certain non-GAAP financial measures in presenting the Company’s results. Management believes that these non-GAAP measures are useful to explain the Company’s results of operations and allow for a more complete understanding of the underlying trends in the Company’s business. These measures should not be viewed as a substitute for those determined in accordance with generally accepted accounting principles ("GAAP"). In addition, our definitions of these items may not be comparable to the definitions used by other companies. Non-GAAP operating income and non-GAAP operating income per diluted share consist of our GAAP net income adjusted by the net realized gains on investments, change in net unrealized gains on equity securities, credit loss benefit (expense) and taxes related thereto. For the quarter ended June 30, 2026, an increase of $4.7 million for the change in unrealized gains on equity securities was recognized in income before income taxes, compared to a increase of $7.2 million recognized in the comparable 2025 period. For the six months ended June 30, 2026, a decrease of $6.8 million for the change in unrealized gains on equity securities was recognized in income before income taxes, compared to an increase of $6.9 million recognized in the comparable 2025 period. Net income and earnings per diluted share are the GAAP financial measures that are most directly comparable to non-GAAP operating income and non-GAAP operating income per diluted share, respectively. A reconciliation of the GAAP financial measures to these non-GAAP measures is included in the financial highlights below. About Safety: Safety Insurance Group, Inc., based in Boston, MA, is the parent of Safety Insurance Company, Safety Indemnity Insurance Company, Safety Property and Casualty Insurance Company, Safety Northeast Insurance Company, and Safety Northeast Insurance Agency. Operating exclusively in Massachusetts, New Hampshire, and Maine, Safety is a leading writer of property and casualty insurance products, including private passenger automobile, commercial automobile, homeowners, dwelling fire, umbrella and business owner policies. Additional Information: Press releases, announcements, U. S. Securities and Exchange Commission ("SEC") Filings and investor information are available under "About Safety," "Investor Information" on our Company website located at www.SafetyInsurance.com. Safety filed its December 31, 2025 Form 10-K with the SEC on February 27, 2026 and urges shareholders to refer to this document for more complete information concerning Safety’s financial results. In connection with the proposed transaction with Mapfre, the Company plans to file a proxy statement with the SEC with respect to a special meeting of stockholders for purposes of obtaining stockholder approval of the proposed transaction. The definitive proxy statement (when available) will be sent or given to the stockholders of the Company and will contain important information about the proposed transaction and related matters. STOCKHOLDERS OF THE COMPANY ARE URGED TO READ THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO AND ANY DOCUMENTS INCORPORATED BY REFERENCE THEREIN) AND OTHER RELEVANT DOCUMENTS IN CONNECTION WITH THE PROPOSED TRANSACTION THAT THE COMPANY WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND THE PARTIES TO THE PROPOSED TRANSACTION. Stockholders and investors will be able to obtain free copies of the proxy statement and other relevant materials (when available) and other documents filed by the Company at the SEC’s website at www.sec.gov. Copies of the proxy statement (when available) and the filings that will be incorporated by reference therein may also be obtained, without charge, by contacting the Company’s Investor Relations. Participants in the Solicitation The Company, Parent and their respective directors and executive officers may be deemed, under SEC rules, to be participants in the solicitation of proxies in respect of the proposed transaction. Information regarding the Company’s directors and executive officers is available in (a) the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, including under the headings "Item 10. Directors, Executive Officers and Corporate Governance," "Item 11. Executive Compensation," "Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters" and "Item 13. Certain Relationships, Related Transactions, and Director Independence," which was filed with the SEC on February 27, 2026, and can be found at www.sec.gov; (b) the Company’s definitive proxy statement for its 2026 annual meeting of stockholders, which was filed with the SEC on March 31, 2026, under the headings "Proposal 1: Election of the Company’s Directors," "Executive Officers," "Executive Compensation," "Director Compensation" and "Security Ownership of Certain Beneficial Owners, Directors and Management," and can be found at www.sec.gov; and (c) subsequently filed Current Reports on Form 8-K and Quarterly Reports on Form 10-Q. To the extent holdings of the Company’s securities by its directors or executive officers have changed since the amounts set forth in the Company’s proxy statement for its 2026 annual meeting of stockholders, such changes have been or will be reflected on Forms 3, 4 and 5, filed with the SEC (which can be found at www.sec.gov). Copies of the documents filed with the SEC by the Company will be available free of charge through the website maintained by the SEC and at the Company’s website at https://www.safetyinsurance.com/about/financial.html. No Offer or Solicitation This Current Report on Form 8-K is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, and otherwise in accordance with applicable law. Cautionary Statement under "Safe Harbor" Provision of the Private Securities Litigation Reform Act of 1995: This press release contains, and Safety may from time to time make, written or oral "forward-looking statements" within the meaning of the U.S. federal securities laws. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as "believe," "expect," "anticipate," "intend," "plan," "estimate," "aim," "projects," or words of similar meaning and expressions that indicate future events and trends, or future or conditional verbs such as "will," "would," "should," "could," or "may". All statements that address expectations or projections about the future, including statements about the Company’s strategy for growth, product development, market position, expenditures and financial results, are forward-looking statements. Forward-looking statements are not guarantees of future performance. By their nature, forward-looking statements are subject to risks and uncertainties. There are a number of factors, many of which are beyond our control, that could cause actual future conditions, events, results or trends to differ significantly and/or materially from historical results or those projected in the forward-looking statements. These factors include but are not limited to: The competitive nature of our industry and the possible adverse effects of such competition; Conditions for business operations and restrictive regulations in Massachusetts; The possibility of losses due to claims resulting from severe weather; The impact of inflation, changes in tariffs and supply chain delays on loss severity; The possibility that the Commissioner of Insurance may approve future rule changes that change the operation of the residual market; The possibility that existing insurance-related laws and regulations will become further restrictive in the future; The impact of investment, economic and underwriting market conditions, including interest rates and inflation; Our possible need for and availability of additional financing, and our dependence on strategic relationships, among others; Risks related to the proposed merger with Mapfre; and Other risks and factors identified from time to time in our reports filed with the SEC, such as those set forth under the caption "Risk Factors" in our Form 10-K for the year ended December 31, 2025 filed with the SEC on February 27, 2026. We are not under any obligation (and expressly disclaim any such obligation) to update or alter our forward-looking statements, whether as a result of new information, future events, or otherwise. You should carefully consider the possibility that actual results may differ materially from our forward-looking statements. View source version on businesswire.com: https://www.businesswire.com/news/home/20260805523305/en/ Contacts Safety Insurance Group, Inc.Office of Investor [email protected]

BOSTON, May 06, 2026--(BUSINESS WIRE)--Safety Insurance Group, Inc. (NASDAQ:SAFT) ("the Company" or "Safety") today reported first quarter 2026 results. George M. Murphy, Chairman of the Board of Directors, President and Chief Executive Officer, commented: "The first quarter results were significantly impacted by two winter weather events. Beginning on January 23, 2026, the Northeast region experienced a nor’easter storm, bringing blizzard conditions including excess snowfall, subzero windchill temperatures, and wind gusts reaching seventy-five miles per hour. Then, beginning on February 22, 2026, the Northeast region experienced an additional severe winter weather event which produced record-breaking snowfall and hurricane-force wind gusts. Areas in the region received up to thirty-six inches of snowfall and many households were left without power for multiple days. In total, these events resulted in more than 1,600 property claims reported to the Company, causing damage of $42.7 million, which contributed 14.6 percentage points to our combined ratio of 113.4%." Net loss for the quarter ended March 31, 2026 was $14.3 million, or $0.99 per diluted share, compared to net income of $21.9 million, or $1.48 per diluted share, for the comparable 2025 period. Non-generally accepted accounting principles ("non-GAAP") operating loss, as defined below, for the quarter ended March 31, 2026 was $0.72 per diluted share, compared to non-GAAP operating income of $1.28 per diluted share, for the comparable 2025 period. Safety’s book value per share decreased to $58.28 at March 31, 2026 from $60.98 at December 31, 2025 resulting from the net loss and decreases in the value of our fixed maturity portfolio. Safety paid $0.92 per share in dividends to investors during the quarter ended March 31, 2026 compared to $0.90 for the comparable 2025 period. Safety paid $3.64 per share in dividends to investors during the year ended December 31, 2025. Today, our Board of Directors approved and declared a $0.92 per share quarterly cash dividend on its issued and outstanding common stock, payable on June 12, 2026 to shareholders of record at the close of business on June 1, 2026. Direct written premiums for the quarter ended March 31, 2026 increased by $0.8 million, or 0.3%, to $299.8 million from $299.0 million for the comparable 2025 period. Net written premiums for the quarter ended March 31, 2026 increased by $0.6 million, or 0.2%, to $275.4 million from $274.8 million for the comparable 2025 period. Net earned premiums for the quarter ended March 31, 2026 increased by $18.3 million, or 6.7%, to $291.0 million from $272.7 million for the comparable 2025 period. The year-over-year increase in net earned premiums primarily reflects the impact of rate actions earning into top-line results. Consistent with the increase in net earned premiums, the increases in direct written premiums and net written premiums reflect the impact of rate actions. For the three months ended March 31, 2026, average written premium per policy increased 4.0%, 6.1%, and 9.9% in Private Passenger Automobile, Commercial Automobile and Homeowners lines, respectively, compared to the same period in 2025. For the quarter ended March 31, 2026, loss and loss adjustment expenses incurred increased by $57.2 million, or 30.1%, to $247.5 million from $190.3 million for the comparable 2025 period. The increase in losses is due to the severe winter weather events in January and February 2026. Loss, expense, and combined ratios for the quarter ended March 31, 2026 were 85.1%, 28.3%, and 113.4%, respectively, compared to 69.8%, 29.6%, and 99.4%, respectively, for the comparable 2025 period. The increases in the loss and combined ratios are driven by the increased loss and loss adjustment expenses incurred as a result of the winter weather events this quarter. Total prior year favorable development included in the pre-tax results for the quarter ended March 31, 2026 was $10.5 million compared to $12.2 million for the comparable 2025 period. Net investment income for the quarter ended March 31, 2026 increased by $2.4 million, or 16.9%, to $17.0 million from $14.6 million for the comparable 2025 period. The increase is primarily driven by higher assets under management and higher reinvestment yields versus maturing assets. Net effective annualized yield on the investment portfolio was 4.1% for the three months ended March 31, 2026 compared to 3.9% for the comparable 2025 period. Our duration on fixed maturities was 3.9 years at March 31, 2026 and December 31, 2025, respectively. Non-GAAP Measures Management has included certain non-GAAP financial measures in presenting the Company’s results. Management believes that these non-GAAP measures better explain the Company’s results of operations and allow for a more complete understanding of the underlying trends in the Company’s business. These measures should not be viewed as a substitute for those determined in accordance with generally accepted accounting principles ("GAAP"). In addition, our definitions of these items may not be comparable to the definitions used by other companies. Non-GAAP operating (loss) income and non-GAAP operating (loss) income per diluted share consist of our GAAP net (loss) income adjusted by the net realized gains on investments, change in net unrealized gains on equity securities, credit loss expense and taxes related thereto. For the quarter ended March 31, 2026, the change in net unrealized gains on equity securities increased non-GAAP operating income by $11.5 million, compared to a $0.3 million increase for the quarter ended March 31, 2025. Net income and earnings per diluted share are the GAAP financial measures that are most directly comparable to non-GAAP operating income and non-GAAP operating income per diluted share, respectively. A reconciliation of the GAAP financial measures to these non-GAAP measures is included in the financial highlights below. About Safety: Safety Insurance Group, Inc., based in Boston, MA, is the parent of Safety Insurance Company, Safety Indemnity Insurance Company, Safety Property and Casualty Insurance Company, Safety Northeast Insurance Company, and Safety Northeast Insurance Agency, Inc. Operating exclusively in Massachusetts, New Hampshire, and Maine, Safety is a leading writer of property and casualty insurance products, including private passenger automobile, commercial automobile, homeowners, dwelling fire, umbrella and business owner policies. Additional Information: Press releases, announcements, U. S. Securities and Exchange Commission ("SEC") Filings and investor information are available under "About Safety," "Investor Information" on our Company website located at www.SafetyInsurance.com. Safety filed its December 31, 2025 Form 10-K with the SEC on February 27, 2026 and urges shareholders to refer to this document for more complete information concerning Safety’s financial results. Cautionary Statement under "Safe Harbor" Provision of the Private Securities Litigation Reform Act of 1995: This press release contains, and Safety may from time to time make, written or oral "forward-looking statements" within the meaning of the U.S. federal securities laws. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as "believe," "expect," "anticipate," "intend," "plan," "estimate," "aim," "projects," or words of similar meaning and expressions that indicate future events and trends, or future or conditional verbs such as "will," "would," "should," "could," or "may". All statements that address expectations or projections about the future, including statements about the Company’s strategy for growth, product development, market position, expenditures and financial results, are forward-looking statements. Forward-looking statements are not guarantees of future performance. By their nature, forward-looking statements are subject to risks and uncertainties. There are a number of factors, many of which are beyond our control, that could cause actual future conditions, events, results or trends to differ significantly and/or materially from historical results or those projected in the forward-looking statements. These factors include but are not limited to: The competitive nature of our industry and the possible adverse effects of such competition; Conditions for business operations and restrictive regulations in Massachusetts; The possibility of losses due to claims resulting from severe weather; The impact of inflation, changes in tariffs and supply chain delays on loss severity; The possibility that the Commissioner of Insurance may approve future rule changes that change the operation of the residual market; The possibility that existing insurance-related laws and regulations will become further restrictive in the future; The impact of investment, economic and underwriting market conditions, including interest rates and inflation; Our possible need for and availability of additional financing, and our dependence on strategic relationships, among others; and Other risks and factors identified from time to time in our reports filed with the SEC, such as those set forth under the caption "Risk Factors" in our Form 10-K for the year ended December 31, 2025 filed with the SEC on February 27, 2026. We are not under any obligation (and expressly disclaim any such obligation) to update or alter our forward-looking statements, whether as a result of new information, future events, or otherwise. You should carefully consider the possibility that actual results may differ materially from our forward-looking statements. View source version on businesswire.com: https://www.businesswire.com/news/home/20260506028572/en/ Contacts Safety Insurance Group, Inc. Office of Investor Relations 877-951-2522 [email protected]

BOSTON, February 25, 2026--(BUSINESS WIRE)--Safety Insurance Group, Inc. (NASDAQ:SAFT) ("Safety" or the "Company") today reported fourth quarter and year ended 2025 results. George M. Murphy, Chairman of the Board of Directors, President and Chief Executive Officer, commented: "In 2025, Safety achieved a combined ratio of 99.0% for the year ended December 31, 2025, compared to 101.1% from the prior year. The year-over-year improvement in combined ratio reflects the impact of our prior year growth in policy counts and rate increases earning into top-line results. Our improved underwriting results, coupled with favorable results in other revenue lines, positively impacted earnings per share, which improved to $6.72 for the year ended December 31, 2025, compared to $4.79 for the same period in the prior year. For the year ended December 31, 2025, we saw our book value per share increase to $60.98, from $55.83 for the same period in the prior year, an increase of 9.2% year-over-year. We continue to generate positive cash flows from operations and acted during the fourth quarter to strengthen our investment portfolio and support long-term value creation. In our earnings release for the quarter ended September 30, 2025, I communicated our intent to recommence share repurchases. During the quarter ended December 31, 2025, we repurchased $20 million of shares. This action reflects our confidence in the durability of our business and our commitment to delivering shareholder value." Fourth Quarter and Year Ended 2025 Results and Recent Developments Net income for the quarter ended December 31, 2025 was $20.1 million, or $1.36 per diluted share, compared to net income of $8.1 million, or $0.55 per diluted share, for the comparable 2024 period. Net income for the year ended December 31, 2025 was $99.3 million, or $6.70 per diluted share, compared to net income of $70.7 million, or $4.78 per diluted share, for the comparable 2024 period. Non-generally accepted accounting principles ("non-GAAP") operating income, as defined below, for the quarter ended December 31, 2025 was $1.51 per diluted share, compared to $0.94 per diluted share for the comparable 2024 period. Non-GAAP operating income for the year ended December 31, 2025 was $5.71 per diluted share compared to $4.16 per diluted share for the comparable 2024 period. Safety’s book value per share increased to $60.98 at December 31, 2025 from $55.83 at December 31, 2024 resulting from net income and increases in the value of our fixed maturity portfolio, offset by dividends paid. Safety paid $0.92 per share in dividends to investors during the quarter ended December 31, 2025 compared to $0.90 for the comparable 2024 period. Safety paid $3.64 per share in dividends to investors during the year ended December 31, 2025 compared to $3.60 for the comparable 2024 period. On February 17, 2026, our Board of Directors approved a $0.92 per share quarterly cash dividend on our issued and outstanding common stock payable on March 13, 2026, to shareholders of record at the close of business on March 2, 2026. Direct written premiums for the quarter ended December 31, 2025 increased by $7.6 million, or 2.6%, to $299.6 million from $292.0 million for the comparable 2024 period. Direct written premiums for the year ended December 31, 2025 increased by $85.5 million, or 7.2%, to $1,278.6 million from $1,193.1 million for the comparable 2024 period. Net written premiums for the quarter ended December 31, 2025 increased by $16.7 million, or 6.5%, to $272.2 million from $255.5 million for the comparable 2024 period. Net written premiums for the year ended December 31, 2025 increased by $82.2 million, or 7.5%, to $1,175.7 million from $1,093.5 million for the comparable 2024 period. The increases in direct written premiums and net written premiums are a result of rate increases. For the year ended December 31, 2025, average written premium per policy increased 8.1%, 4.6% and 9.7% in Private Passenger Automobile, Commercial Automobile and Homeowners lines, respectively, compared to the same period in 2024. Net earned premiums for the quarter ended December 31, 2025 increased by $24.1 million, or 9.0%, to $293.2 million from $269.1 million for the comparable 2024 period. Net earned premiums for the year ended December 31, 2025 increased by $128.3 million, or 12.7%, to $1,139.0 million from $1,010.7 million for the comparable 2024 period. The increase in net earned premium is the result of prior year growth in direct written premiums earning into top-line results. For the quarter ended December 31, 2025, losses and loss adjustment expenses incurred increased by $14.7 million, or 7.6%, to $207.7 million from $193.0 million for the comparable 2024 period. For the year ended December 31, 2025, losses and loss adjustment expenses incurred increased by $80.6 million, or 11.2%, to $797.2 million from $716.6 million for the comparable 2024 period. The increase in losses is driven by our larger policy counts and current market conditions, specifically inflationary impacts on our Private Passenger Automobile book of business. Loss, expense, and combined ratios calculated for the quarter ended December 31, 2025 were 70.8%, 28.6%, and 99.4%, respectively, compared to 71.7%, 30.2%, and 101.9%, respectively, for the comparable 2024 period. The decrease in loss and expense ratios is driven by the increase in net earned premiums. Loss, expense, and combined ratios calculated for the year ended December 31, 2025 were 70.0%, 29.0%, and 99.0%, respectively, compared to 70.9%, 30.2%, and 101.1%, respectively, for the comparable 2024 period. Total prior year favorable development included in the pre-tax results for the quarter ended December 31, 2025 was $11.4 million compared to $13.0 million for the comparable 2024 period. Total prior year favorable development included in the pre-tax results for the year ended December 31, 2025 was $44.6 million compared to $51.9 million for the comparable 2024 period. Included within prior year development for the year ended December 31, 2024 was $8.6 million related to a restructuring of the Massachusetts Property Insurance Underwriting Association. Net investment income for the quarter ended December 31, 2025 increased by $2.1 million, or 14.3%, to $16.9 million from $14.8 million for the comparable 2024 period. Net investment income for the year ended December 31, 2025 increased by $7.0 million, or 12.6%, to $62.7 million from $55.7 million for the comparable 2024 period. The increase is a result of increases in interest rates on our fixed maturity portfolio compared to the prior year. Net effective annualized yield on the investment portfolio was 4.2% for the quarter ended December 31, 2025 compared to 4.0% for the comparable 2024 period. Net effective annualized yield on the investment portfolio was 4.0% for the year ended December 31, 2025 compared to 3.9% for the comparable 2024 period. The investment portfolio’s duration on fixed maturities was 3.9 years at December 31, 2025 compared to 3.5 years at December 31, 2024. Non-GAAP Measures Management has included certain non-GAAP financial measures in presenting the Company’s results. Management believes that these non-GAAP measures are useful to explain the Company’s results of operations and allow for a more complete understanding of the underlying trends in the Company’s business. These measures should not be viewed as a substitute for those determined in accordance with generally accepted accounting principles ("GAAP"). In addition, our definitions of these items may not be comparable to the definitions used by other companies. Non-GAAP operating income and non-GAAP operating income per diluted share consist of our GAAP net income adjusted by the net realized gains on investments, change in net unrealized gains on equity securities, credit loss benefit (expense) and taxes related thereto. For the quarter ended December 31, 2025, a decrease of $14.0 million for the change in unrealized gains on equity securities was recognized in income before income taxes, compared to a decrease of $10.9 million recognized in the comparable 2024 period. For the year ended December 31, 2025, a decrease of $0.8 million for the change in unrealized gains on equity securities was recognized in income before income taxes, compared to an increase of $4.0 million recognized in the comparable 2024 period. Net income and earnings per diluted share are the GAAP financial measures that are most directly comparable to non-GAAP operating income and non-GAAP operating income per diluted share, respectively. A reconciliation of the GAAP financial measures to these non-GAAP measures is included in the financial highlights below. About Safety: Safety Insurance Group, Inc., based in Boston, MA, is the parent of Safety Insurance Company, Safety Indemnity Insurance Company, Safety Property and Casualty Insurance Company, Safety Northeast Insurance Company, and Safety Northeast Insurance Agency. Operating exclusively in Massachusetts, New Hampshire, and Maine, Safety is a leading writer of property and casualty insurance products, including private passenger automobile, commercial automobile, homeowners, dwelling fire, umbrella and business owner policies. Additional Information: Press releases, announcements, U. S. Securities and Exchange Commission ("SEC") Filings and investor information are available under "About Safety," "Investor Information" on our Company website located at www.SafetyInsurance.com. Safety filed its December 31, 2024 Form 10-K with the SEC on February 27, 2025 and urges shareholders to refer to this document for more complete information concerning Safety’s financial results. Cautionary Statement under "Safe Harbor" Provision of the Private Securities Litigation Reform Act of 1995: This press release contains, and Safety may from time to time make, written or oral "forward-looking statements" within the meaning of the U.S. federal securities laws. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as "believe," "expect," "anticipate," "intend," "plan," "estimate," "aim," "projects," or words of similar meaning and expressions that indicate future events and trends, or future or conditional verbs such as "will," "would," "should," "could," or "may". All statements that address expectations or projections about the future, including statements about the Company’s strategy for growth, product development, market position, expenditures and financial results, are forward-looking statements. Forward-looking statements are not guarantees of future performance. By their nature, forward-looking statements are subject to risks and uncertainties. There are a number of factors, many of which are beyond our control, that could cause actual future conditions, events, results or trends to differ significantly and/or materially from historical results or those projected in the forward-looking statements. These factors include but are not limited to: The competitive nature of our industry and the possible adverse effects of such competition; Conditions for business operations and restrictive regulations in Massachusetts; The possibility of losses due to claims resulting from severe weather; The impact of inflation, changes in tariffs and supply chain delays on loss severity; The possibility that the Commissioner of Insurance may approve future rule changes that change the operation of the residual market; The possibility that existing insurance-related laws and regulations will become further restrictive in the future; The impact of investment, economic and underwriting market conditions, including interest rates and inflation; Our possible need for and availability of additional financing, and our dependence on strategic relationships, among others; and Other risks and factors identified from time to time in our reports filed with the SEC, such as those set forth under the caption "Risk Factors" in our Form 10-K for the year ended December 31, 2024 filed with the SEC on February 27, 2025. We are not under any obligation (and expressly disclaim any such obligation) to update or alter our forward-looking statements, whether as a result of new information, future events, or otherwise. You should carefully consider the possibility that actual results may differ materially from our forward-looking statements. View source version on businesswire.com: https://www.businesswire.com/news/home/20260225982777/en/ Contacts Safety Insurance Group, Inc. Office of Investor Relations 877-951-2522 [email protected]

BOSTON, February 17, 2026--(BUSINESS WIRE)--The Board of Directors of Safety Insurance Group, Inc. (NASDAQ:SAFT) today approved a $0.92 per share quarterly cash dividend on its issued and outstanding common stock payable on March 13, 2026 to shareholders of record at the close of business on March 2, 2026. Safety plans to announce its fourth quarter and year-end 2025 results on February 25, 2026, with its Annual Report on Form 10-K to be filed with the U.S. Securities and Exchange Commission no later than February 27, 2026. Safety also plans to hold its 2026 Annual Meeting of Shareholders in Boston, Massachusetts, on May 13, 2026, at 10:00 a.m. About Safety: Safety Insurance Group, Inc. is the parent of Safety Insurance Company, Safety Indemnity Insurance Company, Safety Property and Casualty Insurance Company, Safety Northeast Insurance Company, and Safety Northeast Insurance Agency. Operating exclusively in Massachusetts, New Hampshire and Maine, Safety is a leading writer of property and casualty insurance products, including private passenger automobile, commercial automobile, homeowners, dwelling fire, umbrella and business owner policies. For more information, visit SafetyInsurance.com. Additional Information: Press releases, announcements, U. S. Securities and Exchange Commission ("SEC") Filings and investor information are available under "About Safety," "Investor Information" on our Company website located at www.SafetyInsurance.com. Safety filed its December 31, 2024 Form 10-K with the SEC on February 27, 2025 ("2024 Form 10-K") and urges shareholders to refer to this document for more complete information concerning Safety’s financial results. Cautionary Statement under "Safe Harbor" Provision of the Private Securities Litigation Reform Act of 1995: This press release contains, and Safety may from time to time make, written or oral "forward-looking statements" within the meaning of the U.S. federal securities laws. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as "believe," "expect," "anticipate," "intend," "plan," "estimate," "aim," "projects," or words of similar meaning and expressions that indicate future events and trends, or future or conditional verbs such as "will," "would," "should," "could," or "may". All statements that address expectations or projections about the future, including statements about the Company’s strategy for growth, product development, market position, expenditures and financial results, are forward-looking statements. Forward-looking statements are not guarantees of future performance. By their nature, forward-looking statements are subject to risks and uncertainties. There are a number of factors, many of which are beyond our control, that could cause actual future conditions, events, results or trends to differ significantly and/or materially from historical results or those projected in the forward-looking statements. These factors include but are not limited to: The competitive nature of our industry and the possible adverse effects of such competition; Conditions for business operations and restrictive regulations in Massachusetts; The possibility of losses due to claims resulting from severe weather; The impact of inflation, changes in tariffs and supply chain delays on loss severity; The possibility that the Commissioner of Insurance may approve future rule changes that change the operation of the residual market; The possibility that existing insurance-related laws and regulations will become further restrictive in the future; The impact of investment, economic and underwriting market conditions, including interest rates and inflation; Our possible need for and availability of additional financing, and our dependence on strategic relationships, among others; and Other risks and factors identified from time to time in our reports filed with the SEC, such as those set forth under the caption "Risk Factors" in our Form 10-K for the year ended December 31, 2024 filed with the SEC on February 27, 2025. We are not under any obligation (and expressly disclaim any such obligation) to update or alter our forward-looking statements, whether as a result of new information, future events, or otherwise. You should carefully consider the possibility that actual results may differ materially from our forward-looking statements. View source version on businesswire.com: https://www.businesswire.com/news/home/20260217738034/en/ Contacts Safety Insurance Group, Inc. Office of Investor Relations 877-951-2522 [email protected]

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks' without any revenue, let alone profit. But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.' While a well funded company may sustain losses for years, it will need to generate a profit eventually, or else investors will move on and the company will wither away. So if this idea of high risk and high reward doesn't suit, you might be more interested in profitable, growing companies, like Safety Insurance Group (NASDAQ:SAFT). Now this is not to say that the company presents the best investment opportunity around, but profitability is a key component to success in business. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. If you believe that markets are even vaguely efficient, then over the long term you'd expect a company's share price to follow its earnings per share (EPS) outcomes. Therefore, there are plenty of investors who like to buy shares in companies that are growing EPS. Safety Insurance Group managed to grow EPS by 16% per year, over three years. That's a pretty good rate, if the company can sustain it. Careful consideration of revenue growth and earnings before interest and taxation (EBIT) margins can help inform a view on the sustainability of the recent profit growth. Not all of Safety Insurance Group's revenue this year is revenue from operations, so keep in mind the revenue and margin numbers used in this article might not be the best representation of the underlying business. EBIT margins for Safety Insurance Group remained fairly unchanged over the last year, however the company should be pleased to report its revenue growth for the period of 13% to US$1.2b. That's progress. In the chart below, you can see how the company has grown earnings and revenue, over time. For finer detail, click on the image. See our latest analysis for Safety Insurance Group While profitability drives the upside, prudent investors always check the balance sheet, too. It's said that there's no smoke without fire. For investors, insider buying is often the smoke that indicates which stocks could set the market alight. That's because insider buying often indicates that those closest to the company have confidence that the share price will perform well. Of course, we can never be sure what insiders are thinking, we can only judge their actions. Shareholders in Safety Insurance Group will be more than happy to see insiders committing themselves to the company, spending US$292k on shares in just twelve months. This, combined with the lack of sales from insiders, should be a great signal for shareholders in what's to come. It is also worth noting that it was Independent Director Dennis Langwell who made the biggest single purchase, worth US$145k, paying US$72.39 per share. Along with the insider buying, another encouraging sign for Safety Insurance Group is that insiders, as a group, have a considerable shareholding. Indeed, they hold US$24m worth of its stock. That shows significant buy-in, and may indicate conviction in the business strategy. While their ownership only accounts for 2.0%, this is still a considerable amount at stake to encourage the business to maintain a strategy that will deliver value to shareholders. One positive for Safety Insurance Group is that it is growing EPS. That's nice to see. In addition, insiders have been busy adding to their sizeable holdings in the company. That should do plenty in prompting budding investors to undertake a bit more research - or even adding the company to their watchlists. We should say that we've discovered 1 warning sign for Safety Insurance Group that you should be aware of before investing here. The good news is that Safety Insurance Group is not the only stock with insider buying. Here's a list of small cap, undervalued companies in the US with insider buying in the last three months! Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

BOSTON, November 03, 2025--(BUSINESS WIRE)--Safety Insurance Group, Inc. (NASDAQ:SAFT) ("Safety" or the "Company") today reported third quarter 2025 results. George M. Murphy, Chairman of the Board of Directors, President and Chief Executive Officer, commented: "For the quarter ended September 30, 2025, our combined ratio improved to 98.9% compared to 100.7% in the same period in the prior year. The year-over-year improvement in combined ratio reflects the impact of our prior year growth in policy counts and rate increases earning into top-line results. Net earned premium increased 12.5% for the quarter ended September 30, 2025, compared to the same period in the prior year, and highlights the impact of our pricing strategy and underwriting discipline during the most recent hard market. We also continue to see favorable results in other revenue lines, which positively impacted earnings per share of $1.91 during 2025. Our profitability, along with increases in the value of our fixed maturity portfolio, increased total shareholders’ equity by $71.1 million and our book value per share improved by 8.2% to $60.40 from $55.83 for the nine months ended September 30, 2025 compared to December 31, 2024. We continue to generate positive cash flows from operations and have deployed capital strategically to strengthen our investment portfolio and support long-term value creation. Our Board of Directors previously authorized share repurchases up to $200 million of our outstanding common shares, with $44.76 million remaining under that authorization. In alignment with our capital management strategy, we intend to recommence share repurchases. This action reflects our confidence in the durability of our business and our commitment to delivering shareholder value." Third Quarter and 2025 Results and Recent Developments Today, our Board of Directors approved a $0.92 per share quarterly cash dividend on our issued and outstanding common stock payable on December 15, 2025 to shareholders of record at the close of business on December 1, 2025. Net income for the quarter ended September 30, 2025 was $28.3 million, or $1.91 per diluted share, compared to net income of $25.9 million, or $1.73 per diluted share, for the comparable 2024 period. Net income for the nine months ended September 30, 2025 was $79.1 million, or $5.33 per diluted share, compared to net income of $62.6 million, or $4.24 per diluted share, for the comparable 2024 period. Non-generally accepted accounting principles ("non-GAAP") operating income, as defined below, for the quarter ended September 30, 2025 was $1.48 per diluted share, compared to $1.10 per diluted share for the comparable 2024 period. Non-GAAP operating income for the nine months ended September 30, 2025 was $4.19 per diluted share compared to $3.21 per diluted share for the comparable 2024 period. Safety’s book value per share increased to $60.40 at September 30, 2025 from $55.83 at December 31, 2024 resulting from net income and increases in the value of our fixed maturity portfolio, offset by dividends paid. Safety paid $0.92 per share in dividends to investors during the quarter ended September 30, 2025 compared to $0.90 for the comparable 2024 period. Safety paid $3.60 per share in dividends to investors during the year ended December 31, 2024. Direct written premiums for the quarter ended September 30, 2025 increased by $16.0 million, or 5.0%, to $334.2 million from $318.2 million for the comparable 2024 period. Direct written premiums for the nine months ended September 30, 2025 increased by $78.0 million, or 8.7%, to $979.0 million from $901.0 million for the comparable 2024 period. Net written premiums for the quarter ended September 30, 2025 increased by $16.6 million, or 5.7%, to $309.2 million from $292.6 million for the comparable 2024 period. Net written premiums for the nine months ended September 30, 2025 increased by $65.7 million, or 7.8%, to $903.5 million from $837.8 million for the comparable 2024 period. The increases in direct written premiums and net written premiums are a result of rate increases. For the nine months ended September 30, 2025, average written premium per policy increased 8.7%, 6.2% and 9.8% in Private Passenger Automobile, Commercial Automobile and Homeowners lines, respectively, compared to the same period in 2024. Net earned premiums for the quarter ended September 30, 2025 increased by $32.3 million, or 12.5%, to $291.0 million from $258.7 million for the comparable 2024 period. Net earned premiums for the nine months ended September 30, 2025 increased by $104.1 million, or 14.0%, to $845.8 million from $741.7 million for the comparable 2024 period. The increase in net earned premium is the result of prior year growth in direct written premiums earning into top-line results. For the quarter ended September 30, 2025, losses and loss adjustment expenses incurred increased by $22.5 million, or 12.3%, to $205.0 million from $182.5 million for the comparable 2024 period. For the nine months ended September 30, 2025, losses and loss adjustment expenses incurred increased by $65.9 million, or 12.6%, to $589.5 million from $523.6 million for the comparable 2024 period. The increase in losses is driven by our larger policy counts and current market conditions, specifically inflationary impacts on our Private Passenger Automobile book of business. Loss, expense, and combined ratios calculated for the quarter ended September 30, 2025 were 70.4%, 28.5%, and 98.9%, respectively, compared to 70.6%, 30.1%, and 100.7%, respectively, for the comparable 2024 period. The decrease in loss and expense ratios is driven by the increase in net earned premiums. Loss, expense, and combined ratios calculated for the nine months ended September 30, 2025 were 69.7%, 29.2%, and 98.9%, respectively, compared to 70.6%, 30.2%, and 100.8%, respectively, for the comparable 2024 period. Total prior year favorable development included in the pre-tax results for the quarter ended September 30, 2025 was $9.7 million compared to $8.6 million for the comparable 2024 period. Total prior year favorable development included pre-tax results for the nine months ended September 30, 2025 was $33.2 million compared to $38.9 million for the comparable 2024 period. Included within prior year development for the nine months ended September 30, 2024 was $8.6 million related to a restructuring of the Massachusetts Property Insurance Underwriting Association. Net investment income for the quarter ended September 30, 2025 increased by $3.3 million, or 27.2%, to $15.5 million from $12.2 million for the comparable 2024 period. Net investment income for the nine months ended September 30, 2025 increased by $4.9 million, or 11.9%, to $45.8 million from $40.9 million for the comparable 2024 period. The increase is a result of increases in interest rates on our fixed maturity portfolio compared to the prior year. Net effective annualized yield on the investment portfolio was 4.0% for the quarter ended September 30, 2025 compared to 3.4% for the comparable 2024 period. Net effective annualized yield on the investment portfolio was 4.0% for the nine months ended September 30, 2025 compared to 3.9% for the comparable 2024 period. The investment portfolio’s duration on fixed maturities was 3.8 years at September 30, 2025 compared to 3.5 years at December 31, 2024. Non-GAAP Measures Management has included certain non-GAAP financial measures in presenting the Company’s results. Management believes that these non-GAAP measures are useful to explain the Company’s results of operations and allow for a more complete understanding of the underlying trends in the Company’s business. These measures should not be viewed as a substitute for those determined in accordance with generally accepted accounting principles ("GAAP"). In addition, our definitions of these items may not be comparable to the definitions used by other companies. Non-GAAP operating income and non-GAAP operating income per diluted share consist of our GAAP net income adjusted by the net realized gains on investments, change in net unrealized gains on equity securities, credit loss benefit (expense) and taxes related thereto. For the quarter ended September 30, 2025, an increase of $6.3 million for the change in unrealized gains on equity securities was recognized in income before income taxes, compared to an increase of $10.7 million recognized in the comparable 2024 period. For the nine months ended September 30, 2025, an increase of $13.2 million for the change in unrealized gains on equity securities was recognized in income before income taxes, compared to an increase of $14.9 million recognized in the comparable 2024 period. Net income and earnings per diluted share are the GAAP financial measures that are most directly comparable to non-GAAP operating income and non-GAAP operating income per diluted share, respectively. A reconciliation of the GAAP financial measures to these non-GAAP measures is included in the financial highlights below. About Safety: Safety Insurance Group, Inc., based in Boston, MA, is the parent of Safety Insurance Company, Safety Indemnity Insurance Company, Safety Property and Casualty Insurance Company, Safety Northeast Insurance Company, and Safety Northeast Insurance Agency. Operating exclusively in Massachusetts, New Hampshire, and Maine, Safety is a leading writer of property and casualty insurance products, including private passenger automobile, commercial automobile, homeowners, dwelling fire, umbrella and business owner policies. Additional Information: Press releases, announcements, U. S. Securities and Exchange Commission ("SEC") Filings and investor information are available under "About Safety," "Investor Information" on our Company website located at www.SafetyInsurance.com. Safety filed its December 31, 2024 Form 10-K with the SEC on February 27, 2025 and urges shareholders to refer to this document for more complete information concerning Safety’s financial results. Cautionary Statement under "Safe Harbor" Provision of the Private Securities Litigation Reform Act of 1995: This press release contains, and Safety may from time to time make, written or oral "forward-looking statements" within the meaning of the U.S. federal securities laws. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as "believe," "expect," "anticipate," "intend," "plan," "estimate," "aim," "projects," or words of similar meaning and expressions that indicate future events and trends, or future or conditional verbs such as "will," "would," "should," "could," or "may". All statements that address expectations or projections about the future, including statements about the Company’s strategy for growth, product development, market position, expenditures and financial results, are forward-looking statements. Forward-looking statements are not guarantees of future performance. By their nature, forward-looking statements are subject to risks and uncertainties. There are a number of factors, many of which are beyond our control, that could cause actual future conditions, events, results or trends to differ significantly and/or materially from historical results or those projected in the forward-looking statements. These factors include but are not limited to: The competitive nature of our industry and the possible adverse effects of such competition; Conditions for business operations and restrictive regulations in Massachusetts; The possibility of losses due to claims resulting from severe weather; The impact of inflation, changes in tariffs and supply chain delays on loss severity; The possibility that the Commissioner of Insurance may approve future rule changes that change the operation of the residual market; The possibility that existing insurance-related laws and regulations will become further restrictive in the future; The impact of investment, economic and underwriting market conditions, including interest rates and inflation; Our possible need for and availability of additional financing, and our dependence on strategic relationships, among others; and Other risks and factors identified from time to time in our reports filed with the SEC, such as those set forth under the caption "Risk Factors" in our Form 10-K for the year ended December 31, 2024 filed with the SEC on February 27, 2025. We are not under any obligation (and expressly disclaim any such obligation) to update or alter our forward-looking statements, whether as a result of new information, future events, or otherwise. You should carefully consider the possibility that actual results may differ materially from our forward-looking statements. View source version on businesswire.com: https://www.businesswire.com/news/home/20251103831785/en/ Contacts Safety Insurance Group, Inc. Office of Investor Relations 877-951-2522 [email protected]

BOSTON, August 06, 2025--(BUSINESS WIRE)--Safety Insurance Group, Inc. (NASDAQ:SAFT) ("Safety" or the "Company") today reported second quarter 2025 results. George M. Murphy, Chairman of the Board of Directors, President and Chief Executive Officer, commented: "For the quarter ended June 30, 2025, our combined ratio improved to 98.1% compared to 99.9% in the same period in the prior year. The 2024 results included the favorable impact of the Massachusetts Property Insurance Underwriting Association restructuring which reduced loss and loss adjustment expenses by $9.7 million and lowered the combined ratio by 3.9 points. The year-over-year improvement in combined ratio reflects the impact of our prior year growth in policy counts and rate increases earning into top-line results, with net earned premium increasing by 14.2% for the quarter ended June 30, 2025 compared to the same period in the prior year. We also continue to see favorable results in other revenue lines, which positively impacted earnings per share of $1.95 and increased total shareholders’ equity by $44.8 million." Second Quarter and 2025 Results and Recent Developments Today, our Board of Directors approved and declared an increase in the quarterly cash dividend from $0.90 to $0.92 per share on our issued and outstanding common stock payable on September 15, 2025 to shareholders of record at the close of business on September 2, 2025. Net income for the quarter ended June 30, 2025 was $28.9 million, or $1.95 per diluted share, compared to net income of $16.6 million, or $1.13 per diluted share, for the comparable 2024 period. Net income for the six months ended June 30, 2025 was $50.8 million, or $3.43 per diluted share, compared to net income of $36.7 million, or $2.48 per diluted share, for the comparable 2024 period. Non-generally accepted accounting principles ("non-GAAP") operating income, as defined below, for the quarter ended June 30, 2025 was $1.45 per diluted share, compared to $1.18 per diluted share for the comparable 2024 period. Non-GAAP operating income for the six months ended June 30, 2025 was $2.74 per diluted share compared to $2.09 per diluted share for the comparable 2024 period. Safety’s book value per share increased to $58.63 at June 30, 2025 from $55.83 at December 31, 2024 resulting from net income and increases in the value of our fixed maturity portfolio, offset by dividends paid. Safety paid $0.90 per share in dividends to investors during the quarters ended June 30, 2025 and 2024. Safety paid $3.60 per share in dividends to investors during the year ended December 31, 2024. Direct written premiums for the quarter ended June 30, 2025 increased by $30.3 million, or 9.6%, to $345.8 million from $315.5 million for the comparable 2024 period. Direct written premiums for the six months ended June 30, 2025 increased by $61.9 million, or 10.6%, to $644.8 million from $582.9 million for the comparable 2024 period. Net written premiums for the quarter ended June 30, 2025 increased by $24.5 million, or 8.3%, to $319.5 million from $294.9 million for the comparable 2024 period. Net written premiums for the six months ended June 30, 2025 increased by $49.0 million, or 9.0%, to $594.3 million from $545.3 million for the comparable 2024 period. The increases in direct written premiums and net written premiums are a result of rate increases and new business production. For the six months ended June 30, 2025, average written premium per policy increased 9.0%, 7.2% and 10.6% in Private Passenger Automobile, Commercial Automobile and Homeowners lines, respectively, compared to the same period in 2024. Additionally, for the six months ended June 30, 2025, the Company achieved policy count growth across all lines of business, including 0.4%, 2.8% and 3.9% in Private Passenger Automobile, Commercial Automobile and Homeowners lines, respectively, compared to the same period in 2024. Net earned premiums for the quarter ended June 30, 2025 increased by $35.2 million, or 14.2%, to $282.1 million from $246.9 million for the comparable 2024 period. Net earned premiums for the six months ended June 30, 2025 increased by $71.8 million, or 14.9%, to $554.8 million from $483.0 million for the comparable 2024 period. The increase in net earned premium is the result of prior year growth in direct written premiums earning into top-line results. For the quarter ended June 30, 2025, losses and loss adjustment expenses incurred increased by $21.5 million, or 12.4%, to $194.2 million from $172.7 million for the comparable 2024 period. For the six months ended June 30, 2025, losses and loss adjustment expenses incurred increased by $43.4 million, or 12.7%, to $384.5 million from $341.1 million for the comparable 2024 period. The increase in losses is driven by our larger policy counts and current market conditions, specifically inflationary impacts on our Private Passenger Automobile book of business. Loss, expense, and combined ratios calculated for the quarter ended June 30, 2025 were 68.8%, 29.3%, and 98.1%, respectively, compared to 70.0%, 29.9%, and 99.9%, respectively, for the comparable 2024 period. The decrease in loss and expense ratios is driven by the increase in net earned premiums. Loss, expense, and combined ratios calculated for the six months ended June 30, 2025 were 69.3%, 29.5%, and 98.8%, respectively, compared to 70.6%, 30.3%, and 100.9%, respectively, for the comparable 2024 period. Total prior year favorable development included in the pre-tax results for the quarter ended June 30, 2025 was $11.2 million compared to $19.4 million for the comparable 2024 period. Total prior year favorable development included pre-tax results for the six months ended June 30, 2025 was $23.5 million compared to $30.4 million for the comparable 2024 period. Included within the 2024 prior year development was $9.7 million related to a restructuring of the Massachusetts Property Insurance Underwriting Association. Net investment income for the quarter ended June 30, 2025 increased by $2.2 million, or 16.5%, to $15.7 million from $13.5 million for the comparable 2024 period. Net investment income for the six months ended June 30, 2025 increased by $1.6 million, or 5.5%, to $30.3 million from $28.7 million for the comparable 2024 period. The increase is a result of increases in interest rates on our fixed maturity portfolio compared to the prior year. Net effective annualized yield on the investment portfolio was 4.2% for the quarter ended June 30, 2025 compared to 3.9% for the comparable 2024 period. Net effective annualized yield on the investment portfolio was 4.0% for the six months ended June 30, 2025 compared to 3.9% for the comparable 2024 period. The investment portfolio’s duration on fixed maturities was 3.6 years at June 30, 2025 compared to 3.5 years at December 31, 2024. Non-GAAP Measures Management has included certain non-GAAP financial measures in presenting the Company’s results. Management believes that these non-GAAP measures are useful to explain the Company’s results of operations and allow for a more complete understanding of the underlying trends in the Company’s business. These measures should not be viewed as a substitute for those determined in accordance with generally accepted accounting principles ("GAAP"). In addition, our definitions of these items may not be comparable to the definitions used by other companies. Non-GAAP operating income and non-GAAP operating income per diluted share consist of our GAAP net income adjusted by the net realized gains on investments, change in net unrealized gains on equity securities, credit loss benefit (expense) and taxes related thereto. For the quarter ended June 30, 2025, an increase of $7.2 million for the change in unrealized gains on equity securities was recognized in income before income taxes, compared to a decrease of $3.5 million recognized in the comparable 2024 period. For the six months ended June 30, 2025, an increase of $6.9 million for the change in unrealized gains on equity securities was recognized in income before income taxes, compared to an increase of $4.2 million recognized in the comparable 2024 period. Net income and earnings per diluted share are the GAAP financial measures that are most directly comparable to non-GAAP operating income and non-GAAP operating income per diluted share, respectively. A reconciliation of the GAAP financial measures to these non-GAAP measures is included in the financial highlights below. About Safety: Safety Insurance Group, Inc., based in Boston, MA, is the parent of Safety Insurance Company, Safety Indemnity Insurance Company, Safety Property and Casualty Insurance Company, Safety Northeast Insurance Company, and Safety Northeast Insurance Agency. Operating exclusively in Massachusetts, New Hampshire, and Maine, Safety is a leading writer of property and casualty insurance products, including private passenger automobile, commercial automobile, homeowners, dwelling fire, umbrella and business owner policies. Additional Information: Press releases, announcements, U. S. Securities and Exchange Commission ("SEC") Filings and investor information are available under "About Safety," "Investor Information" on our Company website located at www.SafetyInsurance.com. Safety filed its December 31, 2024 Form 10-K with the SEC on February 27, 2025 and urges shareholders to refer to this document for more complete information concerning Safety’s financial results. Cautionary Statement under "Safe Harbor" Provision of the Private Securities Litigation Reform Act of 1995: This press release contains, and Safety may from time to time make, written or oral "forward-looking statements" within the meaning of the U.S. federal securities laws. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as "believe," "expect," "anticipate," "intend," "plan," "estimate," "aim," "projects," or words of similar meaning and expressions that indicate future events and trends, or future or conditional verbs such as "will," "would," "should," "could," or "may". All statements that address expectations or projections about the future, including statements about the Company’s strategy for growth, product development, market position, expenditures and financial results, are forward-looking statements. Forward-looking statements are not guarantees of future performance. By their nature, forward-looking statements are subject to risks and uncertainties. There are a number of factors, many of which are beyond our control, that could cause actual future conditions, events, results or trends to differ significantly and/or materially from historical results or those projected in the forward-looking statements. These factors include but are not limited to: The competitive nature of our industry and the possible adverse effects of such competition; Conditions for business operations and restrictive regulations in Massachusetts; The possibility of losses due to claims resulting from severe weather; The impact of inflation, changes in tariffs and supply chain delays on loss severity; The possibility that the Commissioner of Insurance may approve future rule changes that change the operation of the residual market; The possibility that existing insurance-related laws and regulations will become further restrictive in the future; The impact of investment, economic and underwriting market conditions, including interest rates and inflation; Our possible need for and availability of additional financing, and our dependence on strategic relationships, among others; and Other risks and factors identified from time to time in our reports filed with the SEC, such as those set forth under the caption "Risk Factors" in our Form 10-K for the year ended December 31, 2024 filed with the SEC on February 27, 2025. We are not under any obligation (and expressly disclaim any such obligation) to update or alter our forward-looking statements, whether as a result of new information, future events, or otherwise. You should carefully consider the possibility that actual results may differ materially from our forward-looking statements. View source version on businesswire.com: https://www.businesswire.com/news/home/20250806947327/en/ Contacts Safety Insurance Group, Inc. Office of Investor Relations 877-951-2522 [email protected]