Safety Insurance Group, Inc. (SAFT)

Safety Insurance Group Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	1,047	1,011	834.41	758.51	774.33	771.08
Total Interest & Dividend Income	50.44	51.07	50.86	44.42	39.24	39.67
Gain (Loss) on Sale of Investments	7.34	11.68	8.3	-35.18	31.38	10.35
Other Revenue	48.1	46.57	37.39	29.82	39.97	25.15
Total Revenue	1,153	1,120	930.96	797.56	884.91	846.25
Revenue Growth (YoY)	17.03%	20.31%	16.73%	-9.87%	4.57%	-3.59%
Policy Benefits	738.53	716.64	642.3	491.98	461.73	404.56
Policy Acquisition & Underwriting Costs	313.95	305.32	256.58	245.15	258.39	266.48
Other Operating Expenses	7.8	7.68	6.84	0.33	-	-
Total Operating Expenses	1,060	1,030	905.72	737.45	720.12	671.04
Operating Income	92.98	90.38	25.24	60.11	164.79	175.21
Interest Expense	-0.49	-0.51	-0.82	-0.52	-0.52	-0.44
Pretax Income	92.49	89.87	24.42	59.58	164.27	174.77
Income Tax Expense	19.94	19.13	5.55	13.02	33.56	36.56
Net Income	72.55	70.73	18.88	46.56	130.71	138.21
Preferred Dividends & Other Adjustments	0.33	0.32	0.09	0.21	-0.58	-0.64
Net Income to Common	72.23	70.42	18.79	46.36	131.29	138.85
Net Income Growth	41.45%	274.75%	-59.46%	-64.38%	-5.43%	38.77%
Shares Outstanding (Basic)	15	15	15	15	15	15
Shares Outstanding (Diluted)	15	15	15	15	15	15
Shares Change (YoY)	0.24%	0.05%	-0.00%	-1.44%	-1.28%	-1.43%
EPS (Basic)	4.91	4.79	1.28	3.17	8.85	9.25
EPS (Diluted)	4.90	4.78	1.28	3.15	8.80	9.18
EPS Growth	40.60%	273.44%	-59.37%	-64.20%	-4.14%	42.10%
Free Cash Flow	151.37	124.32	50.33	42.23	133.17	99.51
Free Cash Flow Per Share	10.28	8.45	3.42	2.87	8.92	6.58
Dividend Per Share	3.600	3.600	3.600	3.600	3.600	3.600
Dividend Growth	-	-	-	-	-	5.88%
Operating Margin	8.06%	8.07%	2.71%	7.54%	18.62%	20.70%
Profit Margin	6.26%	6.29%	2.02%	5.81%	14.84%	16.41%
Free Cash Flow Margin	13.13%	11.10%	5.41%	5.29%	15.05%	11.76%
EBITDA	102.12	99.84	32.19	66.72	171.69	182.74
EBITDA Margin	8.86%	8.91%	3.46%	8.37%	19.40%	21.59%
D&A For EBITDA	9.14	9.47	6.95	6.61	6.9	7.53
EBIT	92.98	90.38	25.24	60.11	164.79	175.21
EBIT Margin	8.06%	8.07%	2.71%	7.54%	18.62%	20.70%
Effective Tax Rate	21.56%	21.29%	22.71%	21.85%	20.43%	20.92%
Revenue as Reported	1,153	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