SCHEDULE: Safety Insurance Group Stakeholder Filing

SRB Corporation, The Plymouth Rock Company, and Palisades Safety and Insurance Association report a combined beneficial ownership of 12.27% of Safety Insurance Group, Inc. common stock as of March 31, 2026.

Summary

• SRB Corporation, The Plymouth Rock Company Incorporated, and Palisades Safety and Insurance Association have jointly filed a Schedule 13G, indicating their beneficial ownership of Safety Insurance Group, Inc. common stock.
• As of March 31, 2026, SRB Corporation reported beneficial ownership of 1,794,655 shares, representing 12.27% of the outstanding common stock.
• The Plymouth Rock Company Incorporated reported beneficial ownership of 776,976 shares, representing 5.31% of the outstanding common stock.
• Palisades Safety and Insurance Association reported beneficial ownership of 1,017,679 shares, representing 6.96% of the outstanding common stock.
• The filing states that these entities may be deemed a 'group' for the purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, but each expressly disclaims beneficial ownership of securities held by the others.
• The outstanding shares figure used for percentage calculation is based on Safety Insurance Group's Form 10-K for the period ended December 31, 2025, which reported 14,631,684 shares outstanding as of February 13, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it is a routine disclosure of ownership and does not provide new financial or operational information about the company.

Positives

• The filing clarifies the ownership structure and beneficial holdings of significant stakeholders in Safety Insurance Group, Inc.
• The joint filing agreement demonstrates a coordinated approach among the reporting entities regarding their stake in the company.

Negatives

• The filing does not contain any financial performance data or operational updates for Safety Insurance Group, Inc.

Risks

• Potential for increased scrutiny or regulatory attention due to the formation of a 'group' for reporting purposes, even if disclaimed.
• The concentration of ownership among these entities could influence future corporate actions or strategic decisions of Safety Insurance Group, Inc.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding the company's future performance.

Management Comments

• Each Reporting Person expressly disclaims beneficial ownership of any securities beneficially owned by any other person.
• The agreement among the Reporting Persons to file jointly is attached hereto as Exhibit A.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are standard disclosures for institutional investors or groups exceeding a 5% ownership threshold in a publicly traded company. This filing indicates significant collective holdings in Safety Insurance Group, Inc., which operates within the competitive property and casualty insurance sector.

Stakeholder Impact

• Shareholders: The filing provides transparency on significant ownership stakes, which can influence market perception and potential future corporate actions.
• Management: The collective ownership by these entities may lead to increased engagement or influence on the company's strategic direction.
• Regulators: Ensures compliance with SEC reporting requirements for significant beneficial ownership.

Next Steps

• The reporting persons will continue to monitor their beneficial ownership of Safety Insurance Group, Inc. common stock.
• Any future changes in beneficial ownership exceeding reporting thresholds will require further filings.

Key Dates

Keywords

Schedule 13G, Safety Insurance Group, SRB Corporation, The Plymouth Rock Company, Palisades Safety and Insurance Association, Beneficial Ownership, SEC Filing, Securities Exchange Act, Common Stock, Investment Management