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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	1,083	1,011	834.41	758.51	774.33	771.08
Total Interest & Dividend Income	53.93	51.07	50.86	44.42	39.24	39.67
Gain (Loss) on Sale of Investments	17.53	11.68	8.3	-35.18	31.38	10.35
Other Revenue	45.8	46.57	37.39	29.82	39.97	25.15
Total Revenue	1,200	1,120	930.96	797.56	884.91	846.25
Revenue Growth (YoY)	16.96%	20.31%	16.73%	-9.87%	4.57%	-3.59%
Policy Benefits	760.02	716.64	642.3	491.98	461.73	404.56
Policy Acquisition & Underwriting Costs	322.69	305.32	256.58	245.15	258.39	266.48
Other Operating Expenses	8.1	7.68	6.84	0.33	-	-
Total Operating Expenses	1,091	1,030	905.72	737.45	720.12	671.04
Operating Income	108.88	90.38	25.24	60.11	164.79	175.21
Interest Expense	-0.79	-0.51	-0.82	-0.52	-0.52	-0.44
Pretax Income	108.08	89.87	24.42	59.58	164.27	174.77
Income Tax Expense	23.23	19.13	5.55	13.02	33.56	36.56
Net Income	84.85	70.73	18.88	46.56	130.71	138.21
Preferred Dividends & Other Adjustments	0.39	0.32	0.09	0.21	-0.58	-0.64
Net Income to Common	84.47	70.42	18.79	46.36	131.29	138.85
Net Income Growth	66.62%	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)	0.34%	0.05%	-0.00%	-1.44%	-1.28%	-1.43%
EPS (Basic)	5.74	4.79	1.28	3.17	8.85	9.25
EPS (Diluted)	5.73	4.78	1.28	3.15	8.80	9.18
EPS Growth	65.99%	273.44%	-59.37%	-64.20%	-4.14%	42.10%
Free Cash Flow	158.57	124.32	50.33	42.23	133.17	99.51
Free Cash Flow Per Share	10.76	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	9.07%	8.07%	2.71%	7.54%	18.62%	20.70%
Profit Margin	7.04%	6.29%	2.02%	5.81%	14.84%	16.41%
Free Cash Flow Margin	13.22%	11.10%	5.41%	5.29%	15.05%	11.76%
EBITDA	117.64	99.84	32.19	66.72	171.69	182.74
EBITDA Margin	9.80%	8.91%	3.46%	8.37%	19.40%	21.59%
D&A For EBITDA	8.76	9.47	6.95	6.61	6.9	7.53
EBIT	108.88	90.38	25.24	60.11	164.79	175.21
EBIT Margin	9.07%	8.07%	2.71%	7.54%	18.62%	20.70%
Effective Tax Rate	21.49%	21.29%	22.71%	21.85%	20.43%	20.92%
Revenue as Reported	1,200	1,120	930.96	797.56	884.91	846.25

Updated May 9, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q