Current Report Filing (8-k)

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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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September 12, 2019

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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[phone]

(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 8.01 Other Events

On September 12, 2019, Safety Insurance Group, Inc. (“the Company”) reached an agreement to settle litigation involving a liability claim seeking to recover extra-contractual damages against one of the Company’s personal umbrella policyholders. The settlement has received court approval and the Company will accrue the costs associated with such settlement in the third quarter of fiscal year 2019 within loss and loss adjustment expense. The net expected pre-tax income impact from this settlement on third quarter 2019 earnings is $15.5 million which represents an after-tax impact of $12.3 million or $0.80 per diluted share.

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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: September 16, 2019	By:	/s/ WILLIAM J. BEGLEY, JR
​	​	William J. Begley, Jr.
​	​	V.P., Chief Financial Officer and Secretary

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