UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

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

 

March 24, 2009

Date of Report (Date of earliest event reported)

 

SAFETY INSURANCE GROUP, INC.

(Exact name of registrant as specified in its charter)

 

 

20 Custom House Street, Boston, Massachusetts 02110

(Address of principal executive offices including zip code)

 

(617) 951-0600

(Registrant’s telephone number, including area code)

 

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:

 

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

 

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

 

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

 

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

 

 

 

ITEM 8.01 OTHER EVENTS.

 

Safety Insurance Group, Inc. (“Safety”) reported today that the Board of Directors has increased Safety’s existing share repurchase program by authorizing repurchase of up to $60.0 million of Safety’s outstanding common shares.  On August 3, 2007, the Board of Directors approved repurchase of up to $30.0 million of common shares.  Under the program, Safety may repurchase shares of its common stock for cash in public or private transactions, in the open market or otherwise, at management’s discretion.  The timing of such repurchases and actual number of shares repurchased will depend on a variety of factors including price, market conditions and applicable regulatory and corporate requirements.  The program does not require Safety to repurchase any specific number of shares and may be modified, suspended or terminated at any time without prior notice.  Under the program Safety has previously repurchased approximately $18.6 million of its common shares.

 

A press release relating to the share repurchase program dated March 24, 2009 is furnished herewith as Exhibit 99.1.

 

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

 

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

 

	Exhibit Number		Description
	99.1		Text of press release issued by the Registrant dated March 24, 2009.

 

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)
Date:	March 24, 2009
				By:	/s/ WILLIAM J. BEGLEY, JR.
					William J. Begley, Jr.
					V.P., Chief Financial Officer and Secretary

 

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