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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Investments in Debt Securities	1,043	1,052	1,050	1,218	1,257	1,228
Investments in Equity & Preferred Securities	370.63	371.97	353.01	352.86	250.49	214.92
Other Investments	-	-	-	-	0.44	-
Total Investments	1,414	1,424	1,403	1,571	1,508	1,443
Cash & Equivalents	44.58	38.15	25.3	63.6	53.77	44.41
Reinsurance Recoverable	153.93	125.75	106.38	108.9	119.74	133.69
Other Receivables	331.73	299.94	235.28	222.71	219.21	234.35
Deferred Policy Acquisition Cost	100.6	91.92	75.58	73.02	74.96	74.29
Property, Plant & Equipment	17.97	31.48	41.46	50.56	53.11	54.01
Goodwill	17.09	17.09	17.09	-	-	-
Other Intangible Assets	7.13	7.55	7.86	-	-	-
Long-Term Deferred Tax Assets	14.33	12.15	21.07	-	-	-
Other Long-Term Assets	60.83	45.86	39.38	27.46	25.89	38.97
Total Assets	2,162	2,094	1,973	2,117	2,054	2,023
Accounts Payable	79.82	54.12	62.38	82.45	76.19	66.77
Unpaid Claims	621.64	603.08	549.6	570.65	567.58	610.57
Unearned Premiums	586.58	540.13	446.23	424.12	432.34	456.85
Reinsurance Payable	15.74	15.94	11.44	9.19	8.24	12.91
Current Portion of Leases	2.3	4.6	-	-	-	-
Current Income Taxes Payable	-	-	1.73	-	-	-
Long-Term Debt	-	30	35	30	30	-
Long-Term Leases	15.67	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	1,352	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	228.82	226.38	222.05	216.07	209.78	202.32
Retained Earnings	791.32	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	-59.84	-53.19	-80.54	24.58	53.53	28.19
Shareholders' Equity	810.18	804.27	812	927.17	884.68	808.41
Total Liabilities & Equity	2,162	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	47.97	49.76	58.34	57.12	61	34
Net Cash (Debt)	-3.39	-11.6	-33.04	6.49	-7.23	10.41
Net Cash Growth	-	-	-	-	-	-72.30%
Net Cash Per Share	-0.23	-0.79	-2.25	0.43	-0.48	0.68
Book Value Per Share	54.61	54.37	54.88	62.47	59.40	52.55
Tangible Book Value	785.96	779.62	787.05	927.17	884.68	808.41
Tangible Book Value Per Share	52.97	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.