Safety Insurance Group, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 6, 2026, reporting nine-month net income of $50,213 thousand and third-quarter net income of $30,019 thousand.

Key Highlights

  • Third-quarter net income: $30,019 thousand, up from $28,310 thousand in the same quarter of 2025, according to the filing.
  • Nine-month net income: $50,213 thousand, compared with $79,143 thousand for the nine months ended September 30, 2025.
  • Diluted EPS (nine months): $3.43, versus $5.33 for the same period in 2025; third-quarter diluted EPS was $2.05.
  • Total revenue (nine months): $968,118 thousand, compared with $944,397 thousand for the nine months ended September 30, 2025.
  • Total assets: $2,514,843 thousand as of September 30, 2026, up from $2,471,108 thousand at December 31, 2025.
  • Losses and loss adjustment expenses (nine months): $640,234 thousand, compared with $589,504 thousand for the same period in 2025.
  • Cash dividends paid per share (nine months): $2.76, versus $2.72 for the nine months ended September 30, 2025.

Safety Insurance Group Q3 2026 Financial Results and Balance Sheet

Safety Insurance Group, Inc. (NASDAQ:SAFT), a Delaware-incorporated insurer headquartered at 20 Custom House Street, Boston, Massachusetts 02110, reported third-quarter 2026 total revenue of $327,770 thousand, marginally above $326,624 thousand in the year-earlier quarter, according to the filing. For the nine months ended September 30, 2026, total revenue reached $968,118 thousand, compared with $944,397 thousand for the same period in 2025. Net earned premiums for the nine-month period were $876,509 thousand, up from $845,824 thousand a year earlier.

Nine-month net income of $50,213 thousand was lower than the $79,143 thousand reported for the nine months ended September 30, 2025. The filing attributes part of the year-over-year difference to higher losses and loss adjustment expenses, which rose to $640,234 thousand from $589,504 thousand, as well as a change in net unrealized gains on equity securities, which shifted to a loss of $15,276 thousand from a gain of $13,233 thousand. Net investment income for the nine months grew to $51,469 thousand from $45,833 thousand. The company also reported comprehensive income of $68 thousand for the nine-month period, compared with $107,801 thousand a year earlier, reflecting other comprehensive loss of $50,145 thousand driven by unrealized holding losses on fixed-maturity investments.

As of September 30, 2026, total assets stood at $2,514,843 thousand, with total investments of $1,703,896 thousand. Total liabilities were $1,659,071 thousand, including losses and loss adjustment expense reserves of $820,025 thousand and unearned premium reserves of $666,959 thousand. Total shareholders' equity declined to $855,772 thousand from $892,311 thousand at December 31, 2025, primarily reflecting accumulated other comprehensive loss of $67,278 thousand. As of November 2, 2026, the company disclosed 14,680,482 shares of common stock outstanding, with a par value of $0.01 per share.

What Was Disclosed

Safety Insurance Group filed its unaudited quarterly report covering the period ended September 30, 2026, disclosing consolidated financial statements including balance sheets, income statements, and changes in shareholders' equity, along with notes and management discussion sections.