Safety Insurance Group, Inc. (SAFT)

Safety Insurance Group Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	985.43	930.96	797.56	884.91	846.25	877.75
Revenue Growth (YoY)	20.72%	16.73%	-9.87%	4.57%	-3.59%	4.93%
Cost of Revenue	643.55	642.3	491.98	461.73	404.56	509.85
Gross Profit	341.88	288.65	305.58	423.18	441.69	367.91
Selling, General & Admin	268.81	256.58	245.15	258.39	266.48	244.14
Other Operating Expenses	7	6.84	0.33	0	0	0
Operating Expenses	275.82	263.42	245.48	258.39	266.48	244.14
Operating Income	66.07	25.24	60.11	164.79	175.21	123.77
Interest Expense / Income	0.73	0.82	0.52	0.52	0.44	0.09
Pretax Income	65.33	24.42	59.58	164.27	174.77	123.68
Income Tax	14.04	5.55	13.02	33.56	36.56	24.08
Net Income	51.29	18.88	46.56	130.71	138.21	99.6
Net Income Growth	94.38%	-59.46%	-64.38%	-5.43%	38.76%	19.72%
Shares Outstanding (Basic)	15	15	15	15	15	15
Shares Outstanding (Diluted)	15	15	15	15	15	15
Shares Change	-0.44%	-0.00%	-1.44%	-1.28%	-1.43%	0.71%
EPS (Basic)	3.47	1.28	3.17	8.85	9.25	6.52
EPS (Diluted)	3.47	1.28	3.15	8.80	9.18	6.46
EPS Growth	94.94%	-59.37%	-64.20%	-4.14%	42.11%	18.97%
Free Cash Flow	39.56	50.33	42.23	133.17	99.51	102.86
Free Cash Flow Per Share	2.70	3.43	2.89	8.98	6.63	6.77
Dividend Per Share	3.600	3.600	3.600	3.600	3.600	3.400
Dividend Growth	0%	0%	0%	0%	5.88%	6.25%
Gross Margin	34.69%	31.01%	38.31%	47.82%	52.19%	41.91%
Operating Margin	6.70%	2.71%	7.54%	18.62%	20.70%	14.10%
Profit Margin	5.20%	2.03%	5.84%	14.77%	16.33%	11.35%
Free Cash Flow Margin	4.01%	5.41%	5.30%	15.05%	11.76%	11.72%
Effective Tax Rate	21.50%	22.71%	21.85%	20.43%	20.92%	19.47%
EBITDA	73.31	31.88	68.41	175.92	189.28	134.18
EBITDA Margin	7.44%	3.42%	8.58%	19.88%	22.37%	15.29%
Depreciation & Amortization	7.24	6.64	8.3	11.13	14.07	10.41
EBIT	66.07	25.24	60.11	164.79	175.21	123.77
EBIT Margin	6.70%	2.71%	7.54%	18.62%	20.70%	14.10%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).