SAFT — what changed in the latest 10-Q
A section-by-section comparison of SAFT's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-08 vs the prior 10-Q · 2025-11-07
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +22 | −22 | ~50 | 55 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 6 |
| Controls & procedures | Text added/removed | +1 | 0 | ~1 | 2 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 0 |
| Other information | Text added/removed | +1 | −8 | 0 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Risk factors
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-08
During the quarter ended March 31, 2026, the Northeast region was impacted by two severe winter weather events (“Winter Storms”). Beginning on January 23, 2026 and through January 26, 2026, the Northeast region experienced a severe winter weather event (“January Winter Storm”), which developed into …
Beginning on February 22, 2026, the Northeast region experienced a severe winter weather event (“February Winter Storm”), which produced record-breaking snowfall and hurricane-force wind gusts. Areas in the region received up to 36 inches of snowfall and wind gusts exceeding 80 miles per hour. As a …
Direct and Net Written Premiums. For the three months ended March 31, 2026, direct written premium growth and net written premium growth were 0.3% and 0.2%, respectively. The increase in premium is driven by rate increases. For the three months ended March 31, 2026, average written premium per polic…
Losses and Loss Adjustment Expenses. Losses and loss adjustment expenses incurred for the three months ended March 31, 2026 increased by $57,200 or 30.1%, to $247,490 from $190,290 for the comparable period. Our losses and loss adjustment expenses ratio for the three months ended March 31, 2026 incr…
Reconciliation of Net (Loss) Income to Non-GAAP Operating (Loss) Income
Text removed vs the prior filing · source: 10-Q · 2025-11-07
The table below shows the amount of direct written premiums written in each state during the three and nine months ended September 30, 2025 and 2024.
Direct and Net Written Premiums. For the three months ended September 30, 2025 direct written premium growth and net written premium growth were 5.0% and 5.7%, respectively, compared to the prior period. The increase in premium is driven by rate increases. For the nine months ended September 30, 202…
Losses and Loss Adjustment Expenses. Losses and loss adjustment expenses incurred for the three months ended September 30, 2025 increased by $22,493, or 12.3%, to $204,982 from $182,489 for the comparable 2024 period. Losses and loss adjustment expenses incurred for the nine months ended September 3…
Non-generally accepted accounting principles (“non-GAAP”) operating income, as defined below, was $21,883 for the three months ended September 30, 2025 and $62,397 for the nine months ended September 30, 2025. Non-GAAP operating income was $16,524 for the three months ended September 30, 2024 and $4…
The Company previously participated in the Massachusetts Property Insurance Underwriting Association (“FAIR Plan”), in which premiums, expenses, losses and loss adjustment expenses on homeowners business that could not be placed in the voluntary market were shared by all insurers writing homeowners …
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-05-08
processed, summarized and reported within the time periods specified in the SEC’s rules and that information required to be disclosed in such reports is accumulated and communicated to management, including our CEO and CFO, as appropriate, to allow timely decisions regarding required disclosures.
Other information
Text added vs the prior filing · source: 10-Q · 2026-05-08
During the three months ended March 31, 2026, none of the officers (as defined in rule 16a-1(f) of the Securities Exchange Act of 1934) or directors of the Company adopted, terminated or modified any contract, instruction or written plan for the purchase and sale of our securities that was intended …
Text removed vs the prior filing · source: 10-Q · 2025-11-07
On September 29, 2025, George Murphy, the Company’s President and Chief Executive Officer, entered into a trading plan intended to satisfy Rule 10b5-1(c) under the Exchange Act (a “10b5-1 Plan”). Mr. Murphy’s 10b5-1 Plan provides for the potential sale of up to 5,273 shares of the Company’s common s…
On September 24, 2025, Christopher Whitford, the Company’s Vice President, Chief Financial Officer, and Treasurer, entered into a 10b5-1 Plan. Mr. Whitford’s 10b5-1 Plan provides for the potential sale of up to 2,198 shares of the Company’s common stock between February 22, 2026 and September 25, 20…
On September 25, 2025, Stephen Varga, the Company’s Vice President of Management Information Systems, entered into a 10b5-1 Plan. Mr. Varga’s 10b5-1 Plan provides for the potential sale of up to 3,217 shares of the Company’s common stock between February 22, 2026 and September 25, 2026. The potentia…
On September 25, 2025, Glenn Hiltpold, the Company’s Vice President of Actuarial Services, entered into a 10b5-1 Plan. Mr. Hiltpold’s 10b5-1 Plan provides for the potential sale of up to 1,295 shares of the Company’s common stock between February 22, 2026 and September 25, 2026. The potential sale i…
On September 25, 2025, Brian Lam, the Company’s Vice President of Insurance Operations, entered into a 10b5-1 Plan. Mr. Lam’s 10b5-1 Plan provides for the potential sale of up to 575 shares of the Company’s common stock between February 22, 2026 and September 25, 2026. The potential sale is related …
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice