SAFETY INSURANCE GROUP INC

Safety Insurance Group, Inc. entered into Amendment No. 7 to its Amended and Restated Revolving Credit Agreement on June 9, 2026. This amendment increases the aggregate committed amount of the revolving credit facility from $50 million to $100 million and extends its maturity date to June 9, 2031. As of the filing date, the company has not drawn any of the additional available amounts.

Safety Insurance Group Inc. reported a net loss of $(14.3) million, or $(0.99) per basic share, for the three months ended March 31, 2026, a significant decline from a net income of $21.9 million, or $1.48 per basic share, in the prior year period. This was primarily driven by a substantial increase in losses and loss adjustment expenses, which rose to $247.5 million from $190.3 million. Despite an increase in net earned premiums to $291.0 million and higher net investment income, the company also experienced a negative change in net unrealized gains on equity securities and a shift to net cash used for operating activities.

Safety Insurance Group, Inc. reported a net loss of $14.3 million, or $0.99 per diluted share, for the first quarter of 2026, a significant decline from net income of $21.9 million in the prior year. This loss was primarily driven by $42.7 million in damages from two severe winter weather events, which contributed 14.6 percentage points to a combined ratio of 113.4%. Despite the challenging quarter, the Board of Directors approved a $0.92 per share quarterly cash dividend. The company also saw increases in direct written premiums by 0.3% to $299.8 million and net earned premiums by 6.7% to $291.0 million, alongside a 16.9% rise in net investment income.