Revenue: As of FY2025, the actual value is USD 1.264 B.EPS: As of FY2025, the actual value is USD 6.7.EBIT: As of FY2025, the actual value is USD 67.01 M.<h4>Segment Revenue</h4><ul><li>Total Direct Written Premiums: $1,278,605 in 2025, an increase of 7.2% from $1,193,057 in 2024, and $991,224 in 2023.</li><li>Massachusetts Direct Written Premiums: $1,204,809 in 2025, $1,130,254 in 2024, and $941,721 in 2023.</li><li>New Hampshire Direct Written Premiums: $57,666 in 2025, $52,095 in 2024, and $42,762 in 2023.</li><li>Maine Direct Written Premiums: $16,130 in 2025, $10,708 in 2024, and $6,741 in 2023.</li></ul><h4>Direct Written Premiums by Product Line</h4><ul><li>Private Passenger Automobile: $701,420 (54.9% of total) in 2025, compared to $664,178 (55.8%) in 2024, and $543,167 (54.7%) in 2023.</li><li>Commercial Automobile: $194,136 (15.2% of total) in 2025, compared to $181,677 (15.2%) in 2024, and $157,101 (15.9%) in 2023.</li><li>Homeowners: $322,197 (25.2% of total) in 2025, compared to $290,386 (24.3%) in 2024, and $242,346 (24.5%) in 2023.</li><li>Business Owners: $32,514 (2.5% of total) in 2025, compared to $31,072 (2.6%) in 2024, and $26,583 (2.7%) in 2023.</li><li>Personal Umbrella: $11,564 (0.9% of total) in 2025, compared to $10,787 (0.9%) in 2024, and $9,385 (1.0%) in 2023.</li><li>Dwelling Fire: $15,006 (1.2% of total) in 2025, compared to $13,408 (1.1%) in 2024, and $11,305 (1.1%) in 2023.</li><li>Commercial Umbrella: $1,768 (0.1% of total) in 2025, compared to $1,549 (0.1%) in 2024, and $1,337 (0.1%) in 2023.</li></ul><h4>Operational Metrics</h4><ul><li>Net Earned Premiums: $1,139,011 in 2025, an increase of 12.7% from $1,010,704 in 2024, and $834,414 in 2023.</li><li>Losses and Loss Adjustment Expenses: $797,182 in 2025, an increase of 11.2% from $716,637 in 2024, and $642,302 in 2023. For the three months ended December 31, 2025, these expenses increased by $14,671, or 7.6%, to $207,678 from $193,007 in the comparable 2024 period.</li><li>Underwriting, Operating and Related Expenses: $330,396 in 2025, an increase of 8.2% from $305,322 in 2024, and $256,580 in 2023.</li><li>Other Expense: $7,941 in 2025, compared to $7,683 in 2024, and $6,836 in 2023.</li><li>Interest Expense: $1,530 in 2025, compared to $509 in 2024, and $818 in 2023.</li><li>Income Before Income Taxes: $126,683 in 2025, compared to $89,866 in 2024, and $24,420 in 2023.</li><li>Income Tax Expense: $27,428 in 2025, compared to $19,132 in 2024, and $5,545 in 2023.</li><li>Net Income: $99,255 in 2025, compared to $70,734 in 2024, and $18,875 in 2023.</li><li>Non-GAAP Operating Income: $84,736 in 2025, compared to $61,507 in 2024, and $12,319 in 2023.</li></ul><h4>Insurance Ratios (GAAP)</h4><ul><li>Loss Ratio: 70.0% in 2025, compared to 70.9% in 2024, and 77.0% in 2023.</li><li>Expense Ratio: 29.0% in 2025, compared to 30.2% in 2024, and 30.7% in 2023.</li><li>Combined Ratio: 99.0% in 2025, compared to 101.1% in 2024, and 107.7% in 2023.</li></ul><h4>Catastrophe Losses Incurred</h4><ul><li>Total Catastrophe Losses Incurred: $0 in 2025, $0 in 2024, and $41,178 in 2023.</li></ul><h4>Prior Year Reserve Development</h4><ul><li>Decrease in Loss Reserves Related to Prior Years: $44,552 in 2025, $51,894 in 2024, and $47,381 in 2023.</li><li>Net Loss and LAE Reserves (Actuaries’ Best Estimate): $612,298 as of December 31, 2025, compared to $540,877 as of December 31, 2024.</li><li>Range of Net Loss and LAE Reserves: $573,526 to $640,415 as of December 31, 2025, compared to $497,512 to $566,772 as of December 31, 2024.</li></ul><h4>Cash Flow</h4><ul><li>Net Cash Provided by Operating Activities: $194,498 in 2025, compared to $128,688 in 2024, and $52,114 in 2023.</li><li>Net Cash Used for Investing Activities: -$125,706 in 2025, compared to -$54,541 in 2024.</li><li>Net Cash Provided by Investing Activities: $24,269 in 2023.</li><li>Net Cash Used for Financing Activities: -$53,865 in 2025, compared to -$53,325 in 2024, and -$63,531 in 2023.</li></ul><h4>Unique Metrics</h4><ul><li>Market Share (Massachusetts, 2025):<ul><li>Private Passenger Automobile: 9.4% (fourth largest carrier).</li><li>Commercial Automobile: 13.0% (largest carrier).</li></ul></li><li>Market Share (Massachusetts Homeowners, 2024): 7.0% (third largest carrier).</li><li>Net Investment Income: $62,732 in 2025, an increase of 12.6% from $55,720 in 2024, and $56,377 in 2023.</li><li>Net Effective Yield on Investment Portfolio: 4.0% in 2025, compared to 3.9% in 2024, and 4.0% in 2023.</li><li>Earnings from Partnership Investments: $8,461 in 2025, compared to $10,271 in 2024, and $5,540 in 2023.</li><li>Net Realized Gains on Investments: $17,982 in 2025, compared to $7,720 in 2024, and $1,327 in 2023.</li><li>Credit Loss Benefit (Expense): $1,198 benefit in 2025, $9 benefit in 2024, and -$530 expense in 2023.</li><li>Commission Income: $9,498 in 2025, compared to $7,942 in 2024, and $6,932 in 2023.</li><li>Finance and Other Service Income: $25,652 in 2025, an increase of 8.2% from $23,700 in 2024, and $19,394 in 2023.</li><li>Cash Dividends Paid Per Common Share: $3.64 in 2025, compared to $3.60 in 2024 and 2023.</li><li>Treasury Stock Acquired: $20,000 in 2025, $0 in 2024, and $5,293 in 2023.</li></ul><h4>Outlook / Guidance</h4>Safety Insurance Group, Inc. plans to continue declaring and paying quarterly cash dividends in 2026, contingent on its financial position and cash flow regularity. The company expects its operations to continue generating positive cash flows sufficient to meet both short-term and long-term liquidity requirements. Rate changes approved for 2026 include a 1.3% increase for Massachusetts Private Passenger Automobile effective January 1, 2026.

Safety Insurance | 10-K: FY2025 Revenue: USD 1.264 B