8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 8-K

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CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

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June 11, 2020

Date of Report (Date of earliest event reported)

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SAFETY INSURANCE GROUP, INC.

(Exact name of registrant as specified in its charter)

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Delaware	000-50070	13-4181699
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

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20 Custom House Street , Boston , Massachusetts **** 02110

(Address of principal executive offices including zip code)

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(617) **** 951-0600

(Registrant's telephone number, including area code)

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Not Applicable

(Former name or former address, if changed since last report)

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

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☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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Emerging growth company ☐

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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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Securities registered pursuant to Section 12(b) of the Act:

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Title of each class	Trading Symbol	Name of each exchange on which registered
Common Stock, par value $0.01 per share	SAFT	The Nasdaq Stock Market, LLC

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Item 7.01 Regulation FD Disclosure

The following information is being furnished under Item 7.01 – Regulation FD Disclosure. Such information, including the exhibit attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section.

On June 11, 2020, Safety Insurance Group, Inc. (the “Company”) issued a press release announcing the extension of its Personal Auto Relief Credit. The Company’s press release dated June 11, 2020 is furnished herewith as Exhibit 99.1.

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Item 9.01 Financial Statements and Exhibits

(d)  Exhibits. The following exhibit is furnished herewith:

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Exhibit Number	Description
99.1	Text of press release issued by the Company dated June 11, 2020<br><br>​<br><br>​
104	The cover page from this Current Report on form 8-K, formatted in Inline XBRL

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

​	Safety Insurance Group, Inc.
​	(Registrant)
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Date: June 11, 2020	By:	/s/ CHRISTOPHER T. WHITFORD
​	​	Christopher T. Whitford
​	​	V.P., Chief Financial Officer and Secretary

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		saft\_Ex99-1	

Exhibit 99.1

SAFETY INSURANCE EXTENDS ITS PERSONAL AUTO RELIEF CREDIT, REFLECTING CONSUMER PATTERNS

Boston, Massachusetts, June  11, 2020. Safety Insurance Group, Inc. (“Safety”) (NASDAQ:SAFT) today announced the extension of its Personal Auto Relief Credit through June 30, reflecting changing consumer patterns and needs during the ongoing COVID-19 pandemic. The original credit was announced in April and offered all eligible Safety Insurance personal auto policyholders a  15% credit off their premium for the months of April and May.

“Our goal during the past 12 weeks has been to support our policyholders and broader community as they address the economic and health realities associated with the coronavirus. Given the current focus on limiting public activities, continuing this discount through the end of the month is the right thing to do,” said George Murphy, President and CEO of Safety Insurance.  “The positive feedback we received during the first discount period indicated that this was a meaningful step for our policyholders.”

The additional credit will be applied automatically; policyholders already paid in full will receive a refund.

Through Safety’s Charitable Foundation, the company has also provided financial support to charities directly addressing both the pandemic and economic challenges that have resulted from stay-at-home efforts: Massachusetts COVID -19 Relief Fund; Boston Resiliency Fund; Project Bread and Healthcare Heroes to benefit the Massachusetts General Emergency Response Fund.

“This has been a difficult period for our community; in addition to heartbreaking loss of life and illness, many local residents have seen serious financial implications from this quickly changing situation,” continued Murphy. “It is important to our team that we contribute to addressing these challenges.”

About Safety:  Safety Insurance Group, Inc., based in Boston, MA, is the parent of Safety Insurance Company, Safety Indemnity Insurance Company, and Safety Property and Casualty Insurance Company.  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, 2019 Form 10-K with the SEC on February 28, 2020 and urges shareholders to refer to this document for more complete information concerning Safety’s financial results.

Contacts:

Safety Insurance Group, Inc.

Office of Investor Relations

877-951-2522

InvestorRelations@SafetyInsurance.com

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 possibility that the Commissioner of Insurance may approve future Rule changes that change the operation of the residual market; |

| · | Our possible need for and availability of additional financing, and our dependence on strategic relationships, among others; |

| --- | --- | | · | The effects of emerging claim and coverage issues on the Company’s business are uncertain, and court decisions or legislative or regulatory changes that take place after the Company issues its policies, including those taken in response to COVID-19 (such as requiring insurers to cover business interruption claims irrespective of terms or other conditions included in the policies that would otherwise preclude coverage), can result in an unexpected increase in the number of claims and have a material adverse impact on the Company's results of operations; |

| · | The impact of COVID-19 and related risks, including on the Company's employees, agents or other key partners, could materially affect the Company's results of operations, financial position and/or liquidity; 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,  2019 filed with the SEC on February 28,  2020. | 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.