Safety Insurance Group, Inc. (SAFT)

Safety Insurance Group Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	1,099	1,052	1,050	1,218	1,257	1,228
Investments in Equity & Preferred Securities	384.22	371.97	353.01	352.86	250.49	214.92
Other Investments	19.73	-	-	-	0.44	-
Total Investments	1,503	1,424	1,403	1,571	1,508	1,443
Cash & Equivalents	62.6	38.15	25.3	63.6	53.77	44.41
Reinsurance Recoverable	158.48	125.75	106.38	108.9	119.74	133.69
Other Receivables	331.02	299.94	235.28	222.71	219.21	234.35
Deferred Policy Acquisition Cost	106.52	91.92	75.58	73.02	74.96	74.29
Property, Plant & Equipment	16.85	31.48	41.46	50.56	53.11	54.01
Goodwill	17.09	17.09	17.09	-	-	-
Other Intangible Assets	7.97	7.55	7.86	-	-	-
Long-Term Deferred Tax Assets	4.84	12.15	21.07	-	-	-
Other Long-Term Assets	62.35	45.86	39.38	27.46	25.89	38.97
Total Assets	2,271	2,094	1,973	2,117	2,054	2,023
Accounts Payable	75.91	54.12	62.38	82.45	76.19	66.77
Unpaid Claims	644.18	603.08	549.6	570.65	567.58	610.57
Unearned Premiums	621.98	540.13	446.23	424.12	432.34	456.85
Reinsurance Payable	30.3	15.94	11.44	9.19	8.24	12.91
Current Portion of Leases	1.15	4.6	-	-	-	-
Current Income Taxes Payable	-	-	1.73	-	-	-
Long-Term Debt	-	30	35	30	30	-
Long-Term Leases	15.7	15.16	23.34	27.12	31	34
Long-Term Deferred Tax Liabilities	-	-	-	15.24	17.61	5.72
Other Long-Term Liabilities	-	26.71	30.85	31.46	6.64	27.46
Total Liabilities	1,419	1,290	1,161	1,190	1,170	1,214
Common Stock	0.18	0.18	0.18	0.18	0.18	0.18
Additional Paid-In Capital	229.89	226.38	222.05	216.07	209.78	202.32
Retained Earnings	803.89	781.19	815.31	821.74	745.03	661.55
Treasury Stock	-150.29	-150.29	-145	-135.4	-123.83	-83.84
Comprehensive Income & Other	-32.23	-53.19	-80.54	24.58	53.53	28.19
Shareholders' Equity	851.44	804.27	812	927.17	884.68	808.41
Total Liabilities & Equity	2,271	2,094	1,973	2,117	2,054	2,023
Filing Date Shares Outstanding	14.84	14.79	14.8	14.67	14.89	15.38
Total Common Shares Outstanding	14.84	14.79	14.8	14.84	14.89	15.38
Total Debt	46.85	49.76	58.34	57.12	61	34
Net Cash (Debt)	15.75	-11.6	-33.04	6.49	-7.23	10.41
Net Cash Growth	-	-	-	-	-	-72.30%
Net Cash Per Share	1.07	-0.79	-2.25	0.43	-0.48	0.68
Book Value Per Share	57.38	54.37	54.88	62.47	59.40	52.55
Tangible Book Value	826.38	779.62	787.05	927.17	884.68	808.41
Tangible Book Value Per Share	55.69	52.71	53.19	62.47	59.40	52.55
Machinery	-	23.74	23.13	22.9	21.15	19.68
Leasehold Improvements	-	8.26	8.26	8.26	8.26	8.26

Source: S&P Capital IQ. Insurance template. Financial Sources.