Safety Insurance Group, Inc. (SAFT)

Safety Insurance Group Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Investments in Debt Securities	1,188	1,115	1,052	1,050	1,218	1,257
Investments in Equity & Preferred Securities	391.77	377.87	371.97	353.01	352.86	250.49
Other Investments	-	19.98	-	-	-	0.44
Total Investments	1,580	1,513	1,424	1,403	1,571	1,508
Cash & Equivalents	49.41	58.97	38.15	25.3	63.6	53.77
Reinsurance Recoverable	167.86	157.18	125.75	106.38	108.9	119.74
Other Receivables	348.59	318.2	299.94	235.28	222.71	219.21
Deferred Policy Acquisition Cost	111.48	105.47	91.92	75.58	73.02	74.96
Property, Plant & Equipment	13.66	20.27	31.48	41.46	50.56	53.11
Goodwill	17.09	17.09	17.09	17.09	-	-
Other Intangible Assets	7.26	7.73	7.55	7.86	-	-
Long-Term Deferred Tax Assets	6.45	11.2	12.15	21.07	-	-
Other Long-Term Assets	62.31	60.91	45.86	39.38	27.46	25.89
Total Assets	2,364	2,270	2,094	1,973	2,117	2,054
Accounts Payable	86.67	74.08	54.12	62.38	82.45	76.19
Unpaid Claims	685.94	671.67	603.08	549.6	570.65	567.58
Unearned Premiums	659.46	630.06	540.13	446.23	424.12	432.34
Reinsurance Payable	15.21	19.07	15.94	11.44	9.19	8.24
Current Portion of Long-Term Debt	-	30	-	-	-	-
Current Portion of Leases	2.1	4.25	-	-	-	-
Current Income Taxes Payable	-	1.01	-	1.73	-	-
Long-Term Debt	30	-	30	35	30	30
Long-Term Leases	11.56	11.49	19.76	23.34	27.12	31
Long-Term Deferred Tax Liabilities	-	-	-	-	15.24	17.61
Other Long-Term Liabilities	-	-	26.71	30.85	31.46	6.64
Total Liabilities	1,491	1,442	1,290	1,161	1,190	1,170
Common Stock	0.18	0.18	0.18	0.18	0.18	0.18
Additional Paid-In Capital	233.39	230.86	226.38	222.05	216.07	209.78
Retained Earnings	822.84	798.76	781.19	815.31	821.74	745.03
Treasury Stock	-150.29	-150.29	-150.29	-145	-135.4	-123.83
Comprehensive Income & Other	-32.85	-51.05	-53.19	-80.54	24.58	53.53
Shareholders' Equity	873.26	828.46	804.27	812	927.17	884.68
Total Liabilities & Equity	2,364	2,270	2,094	1,973	2,117	2,054
Filing Date Shares Outstanding	14.89	14.84	14.79	14.8	14.67	14.89
Total Common Shares Outstanding	14.89	14.84	14.79	14.8	14.84	14.89
Total Debt	43.66	45.73	49.76	58.34	57.12	61
Net Cash (Debt)	5.75	13.24	-11.6	-33.04	6.49	-7.23
Net Cash Per Share	0.39	0.90	-0.79	-2.25	0.43	-0.48
Book Value Per Share	58.63	55.83	54.37	54.88	62.47	59.40
Tangible Book Value	848.92	803.64	779.62	787.05	927.17	884.68
Tangible Book Value Per Share	57.00	54.16	52.71	53.19	62.47	59.40
Machinery	-	28.07	23.74	23.13	22.9	21.15
Leasehold Improvements	-	8.26	8.26	8.26	8.26	8.26

Updated Aug 8, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q