Safety Insurance Group, Inc. (SAFT)

Safety Insurance Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	1,011	834.41	758.51	774.33	771.08
Total Interest & Dividend Income	51.07	50.86	44.42	39.24	39.67
Gain (Loss) on Sale of Investments	11.68	8.3	-35.18	31.38	10.35
Other Revenue	46.57	37.39	29.82	39.97	25.15
Total Revenue	1,120	930.96	797.56	884.91	846.25
Revenue Growth (YoY)	20.31%	16.73%	-9.87%	4.57%	-3.59%
Policy Benefits	716.64	642.3	491.98	461.73	404.56
Policy Acquisition & Underwriting Costs	305.32	256.58	245.15	258.39	266.48
Other Operating Expenses	7.68	6.84	0.33	-	-
Total Operating Expenses	1,030	905.72	737.45	720.12	671.04
Operating Income	90.38	25.24	60.11	164.79	175.21
Interest Expense	-0.51	-0.82	-0.52	-0.52	-0.44
Pretax Income	89.87	24.42	59.58	164.27	174.77
Income Tax Expense	19.13	5.55	13.02	33.56	36.56
Net Income	70.73	18.88	46.56	130.71	138.21
Preferred Dividends & Other Adjustments	0.32	0.09	0.21	-0.58	-0.64
Net Income to Common	70.42	18.79	46.36	131.29	138.85
Net Income Growth	274.75%	-59.46%	-64.38%	-5.43%	38.77%
Shares Outstanding (Basic)	15	15	15	15	15
Shares Outstanding (Diluted)	15	15	15	15	15
Shares Change (YoY)	0.05%	-0.00%	-1.44%	-1.28%	-1.43%
EPS (Basic)	4.79	1.28	3.17	8.85	9.25
EPS (Diluted)	4.78	1.28	3.15	8.80	9.18
EPS Growth	273.44%	-59.37%	-64.20%	-4.14%	42.10%
Free Cash Flow	124.32	50.33	42.23	133.17	99.51
Free Cash Flow Per Share	8.45	3.42	2.87	8.92	6.58
Dividend Per Share	3.600	3.600	3.600	3.600	3.600
Dividend Growth	-	-	-	-	5.88%
Operating Margin	8.07%	2.71%	7.54%	18.62%	20.70%
Profit Margin	6.29%	2.02%	5.81%	14.84%	16.41%
Free Cash Flow Margin	11.10%	5.41%	5.29%	15.05%	11.76%
EBITDA	99.84	32.19	66.72	171.69	182.74
EBITDA Margin	8.91%	3.46%	8.37%	19.40%	21.59%
D&A For EBITDA	9.47	6.95	6.61	6.9	7.53
EBIT	90.38	25.24	60.11	164.79	175.21
EBIT Margin	8.07%	2.71%	7.54%	18.62%	20.70%
Effective Tax Rate	21.29%	22.71%	21.85%	20.43%	20.92%
Revenue as Reported	1,120	930.96	797.56	884.91	846.25

Updated Feb 27, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q