Annual Income Statements for Safety Insurance Group
This table shows Safety Insurance Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Safety Insurance Group
This table shows Safety Insurance Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Net Income / (Loss) Attributable to Common Shareholders |
|
6.19 |
25 |
-12 |
17 |
1.95 |
12 |
20 |
17 |
26 |
8.13 |
22 |
Consolidated Net Income / (Loss) |
|
6.19 |
25 |
-12 |
17 |
1.95 |
12 |
20 |
17 |
26 |
8.13 |
22 |
Net Income / (Loss) Continuing Operations |
|
6.19 |
25 |
-12 |
17 |
1.95 |
12 |
20 |
17 |
26 |
8.13 |
22 |
Total Pre-Tax Income |
|
7.77 |
32 |
-15 |
21 |
2.48 |
16 |
26 |
21 |
33 |
10 |
28 |
Total Revenue |
|
192 |
226 |
214 |
229 |
229 |
258 |
268 |
270 |
295 |
286 |
301 |
Net Interest Income / (Expense) |
|
-0.13 |
-0.13 |
-0.21 |
-0.35 |
-0.14 |
-0.12 |
-0.12 |
0.00 |
-0.12 |
-0.26 |
-0.10 |
Total Interest Income |
|
0.00 |
- |
0.00 |
0.00 |
0.00 |
- |
0.00 |
0.00 |
0.00 |
- |
0.00 |
Total Interest Expense |
|
0.13 |
0.13 |
0.21 |
0.35 |
0.14 |
0.12 |
0.12 |
0.00 |
0.12 |
0.26 |
0.10 |
Long-Term Debt Interest Expense |
|
0.13 |
0.13 |
0.21 |
0.35 |
0.14 |
0.12 |
0.12 |
- |
0.12 |
- |
0.10 |
Total Non-Interest Income |
|
193 |
226 |
214 |
229 |
229 |
258 |
268 |
270 |
295 |
287 |
301 |
Other Service Charges |
|
3.75 |
4.56 |
5.62 |
6.49 |
7.01 |
7.20 |
7.16 |
7.66 |
8.22 |
8.60 |
8.38 |
Net Realized & Unrealized Capital Gains on Investments |
|
-2.00 |
26 |
14 |
20 |
5.09 |
26 |
23 |
13 |
24 |
7.05 |
19 |
Premiums Earned |
|
190 |
193 |
192 |
202 |
214 |
226 |
236 |
247 |
259 |
269 |
273 |
Other Non-Interest Income |
|
0.88 |
2.82 |
2.17 |
0.55 |
2.83 |
-0.54 |
1.63 |
2.48 |
4.19 |
1.98 |
1.79 |
Total Non-Interest Expense |
|
185 |
194 |
229 |
208 |
227 |
242 |
243 |
249 |
262 |
276 |
273 |
Property & Liability Insurance Claims |
|
124 |
132 |
167 |
144 |
160 |
172 |
168 |
173 |
182 |
193 |
190 |
Insurance Policy Acquisition Costs |
|
60 |
62 |
60 |
63 |
65 |
69 |
72 |
74 |
78 |
81 |
81 |
Other Operating Expenses |
|
0.21 |
0.12 |
1.67 |
1.52 |
2.01 |
1.64 |
1.84 |
1.78 |
1.90 |
2.17 |
1.95 |
Income Tax Expense |
|
1.58 |
7.18 |
-2.97 |
4.47 |
0.53 |
3.52 |
5.53 |
4.60 |
7.02 |
1.99 |
6.33 |
Basic Earnings per Share |
|
$0.42 |
$1.68 |
($0.84) |
$1.15 |
$0.13 |
$0.84 |
$1.36 |
$1.13 |
$1.74 |
$0.56 |
$1.48 |
Weighted Average Basic Shares Outstanding |
|
14.60M |
14.61M |
14.68M |
14.68M |
14.65M |
14.66M |
14.67M |
14.70M |
14.84M |
14.69M |
14.72M |
Diluted Earnings per Share |
|
$0.42 |
$1.67 |
($0.84) |
$1.15 |
$0.13 |
$0.84 |
$1.36 |
$1.13 |
$1.73 |
$0.56 |
$1.48 |
Weighted Average Diluted Shares Outstanding |
|
14.71M |
14.71M |
14.76M |
14.72M |
14.68M |
14.71M |
14.70M |
14.72M |
14.87M |
14.72M |
14.75M |
Weighted Average Basic & Diluted Shares Outstanding |
|
14.74M |
14.80M |
14.87M |
14.79M |
14.79M |
14.79M |
14.84M |
14.84M |
14.84M |
14.84M |
14.89M |
Cash Dividends to Common per Share |
|
$0.90 |
$0.90 |
$0.90 |
$0.90 |
$0.90 |
$0.90 |
$0.90 |
$0.90 |
$0.90 |
$0.90 |
$0.90 |
Annual Cash Flow Statements for Safety Insurance Group
This table details how cash moves in and out of Safety Insurance Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
|
-13 |
5.04 |
-27 |
22 |
-4.13 |
6.83 |
9.36 |
9.83 |
-38 |
13 |
21 |
Net Cash From Operating Activities |
|
98 |
23 |
99 |
82 |
128 |
112 |
109 |
141 |
44 |
52 |
129 |
Net Cash From Continuing Operating Activities |
|
98 |
23 |
99 |
82 |
128 |
112 |
109 |
141 |
44 |
52 |
129 |
Net Income / (Loss) Continuing Operations |
|
59 |
-14 |
65 |
62 |
83 |
100 |
138 |
131 |
47 |
19 |
71 |
Consolidated Net Income / (Loss) |
|
59 |
-14 |
65 |
62 |
83 |
100 |
138 |
131 |
47 |
19 |
71 |
Depreciation Expense |
|
13 |
8.87 |
9.77 |
12 |
11 |
10 |
7.53 |
6.90 |
6.61 |
6.95 |
9.47 |
Amortization Expense |
|
- |
- |
- |
- |
- |
- |
6.54 |
4.23 |
1.69 |
-0.31 |
0.72 |
Non-Cash Adjustments to Reconcile Net Income |
|
-1.68 |
3.16 |
-1.96 |
-0.61 |
-5.64 |
-14 |
0.33 |
-34 |
24 |
-6.95 |
-14 |
Changes in Operating Assets and Liabilities, net |
|
27 |
25 |
26 |
8.27 |
40 |
16 |
-43 |
33 |
-35 |
34 |
62 |
Net Cash From Investing Activities |
|
-49 |
24 |
-84 |
-15 |
-83 |
-53 |
-36 |
-66 |
-20 |
24 |
-55 |
Net Cash From Continuing Investing Activities |
|
-49 |
24 |
-84 |
-15 |
-83 |
-53 |
-36 |
-66 |
-20 |
24 |
-55 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-1.76 |
-4.04 |
-4.91 |
-5.96 |
-11 |
-9.59 |
-9.95 |
-8.23 |
-2.09 |
-1.78 |
-4.37 |
Purchase of Investment Securities |
|
-267 |
-259 |
-331 |
-240 |
-378 |
-263 |
-279 |
-448 |
-305 |
-164 |
-359 |
Sale and/or Maturity of Investments |
|
220 |
287 |
251 |
231 |
306 |
220 |
253 |
390 |
287 |
190 |
309 |
Net Cash From Financing Activities |
|
-62 |
-42 |
-42 |
-45 |
-49 |
-53 |
-65 |
-66 |
-63 |
-64 |
-53 |
Net Cash From Continuing Financing Activities |
|
-62 |
-42 |
-42 |
-45 |
-49 |
-53 |
-65 |
-66 |
-63 |
-64 |
-53 |
Issuance of Debt |
|
- |
- |
- |
- |
0.00 |
0.00 |
30 |
0.00 |
5.00 |
20 |
15 |
Repayment of Debt |
|
- |
- |
- |
- |
- |
- |
- |
0.00 |
0.00 |
-25 |
-15 |
Repurchase of Common Equity |
|
-23 |
- |
- |
- |
0.00 |
0.00 |
-40 |
-12 |
-15 |
-5.24 |
0.00 |
Payment of Dividends |
|
-39 |
-42 |
-42 |
-45 |
-49 |
-53 |
-55 |
-54 |
-53 |
-53 |
-53 |
Cash Interest Paid |
|
0.08 |
0.08 |
0.08 |
0.08 |
0.08 |
0.08 |
0.39 |
0.51 |
0.51 |
0.81 |
0.51 |
Cash Income Taxes Paid |
|
24 |
0.09 |
9.83 |
24 |
20 |
27 |
31 |
29 |
19 |
6.07 |
17 |
Quarterly Cash Flow Statements for Safety Insurance Group
This table details how cash moves in and out of Safety Insurance Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Net Change in Cash & Equivalents |
|
-5.45 |
-8.34 |
-9.98 |
10 |
5.51 |
7.26 |
-7.35 |
14 |
18 |
-3.62 |
5.73 |
Net Cash From Operating Activities |
|
24 |
21 |
-13 |
-0.55 |
31 |
35 |
-21 |
26 |
74 |
50 |
3.17 |
Net Cash From Continuing Operating Activities |
|
24 |
21 |
-13 |
-0.55 |
31 |
35 |
-21 |
26 |
74 |
50 |
3.17 |
Net Income / (Loss) Continuing Operations |
|
6.19 |
25 |
-12 |
17 |
1.95 |
12 |
20 |
17 |
26 |
8.13 |
22 |
Consolidated Net Income / (Loss) |
|
6.19 |
25 |
-12 |
17 |
1.95 |
12 |
20 |
17 |
26 |
8.13 |
22 |
Depreciation Expense |
|
1.61 |
1.62 |
1.69 |
1.65 |
1.77 |
1.85 |
2.26 |
2.35 |
2.40 |
2.46 |
1.94 |
Amortization Expense |
|
0.55 |
0.69 |
-0.07 |
-0.12 |
-0.03 |
-0.09 |
-0.04 |
0.07 |
0.61 |
0.08 |
-0.23 |
Non-Cash Adjustments to Reconcile Net Income |
|
12 |
-27 |
-2.19 |
-5.87 |
9.72 |
-8.61 |
-7.87 |
0.21 |
-13 |
5.76 |
-4.13 |
Changes in Operating Assets and Liabilities, net |
|
3.48 |
21 |
0.02 |
-13 |
17 |
30 |
-36 |
6.32 |
57 |
34 |
-16 |
Net Cash From Investing Activities |
|
-16 |
-21 |
6.66 |
39 |
-6.81 |
-15 |
27 |
1.42 |
-43 |
-41 |
16 |
Net Cash From Continuing Investing Activities |
|
-16 |
-21 |
6.66 |
39 |
-6.81 |
-15 |
27 |
1.42 |
-43 |
-41 |
16 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-0.83 |
-0.57 |
-0.54 |
-0.02 |
-0.85 |
-0.38 |
-3.07 |
-0.54 |
-0.60 |
-0.16 |
-0.33 |
Purchase of Investment Securities |
|
-55 |
-98 |
-43 |
-21 |
-44 |
-56 |
-51 |
-52 |
-136 |
-119 |
-59 |
Sale and/or Maturity of Investments |
|
40 |
77 |
51 |
60 |
38 |
41 |
82 |
54 |
94 |
79 |
76 |
Net Cash From Financing Activities |
|
-13 |
-8.14 |
-3.75 |
-28 |
-18 |
-13 |
-14 |
-13 |
-13 |
-13 |
-14 |
Net Cash From Continuing Financing Activities |
|
-13 |
-8.14 |
-3.75 |
-28 |
-18 |
-13 |
-14 |
-13 |
-13 |
-13 |
-14 |
Issuance of Debt |
|
- |
5.00 |
10 |
10 |
- |
- |
0.00 |
15 |
- |
- |
30 |
Repayment of Debt |
|
- |
- |
- |
- |
-5.00 |
- |
0.00 |
- |
- |
- |
-30 |
Payment of Dividends |
|
-13 |
-13 |
-14 |
-13 |
-13 |
-13 |
-14 |
-13 |
-13 |
-13 |
-14 |
Annual Balance Sheets for Safety Insurance Group
This table presents Safety Insurance Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Total Assets |
|
1,676 |
1,704 |
1,758 |
1,807 |
1,856 |
2,023 |
2,054 |
2,117 |
1,973 |
2,094 |
2,270 |
Cash and Due from Banks |
|
42 |
47 |
20 |
42 |
38 |
44 |
54 |
64 |
25 |
38 |
59 |
Trading Account Securities |
|
1,256 |
1,209 |
1,281 |
1,307 |
1,334 |
1,445 |
1,509 |
1,580 |
1,404 |
1,424 |
1,494 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Accrued Investment Income |
|
10 |
8.92 |
8.86 |
8.88 |
8.42 |
8.40 |
8.05 |
7.40 |
8.21 |
7.26 |
7.43 |
Customer and Other Receivables |
|
23 |
24 |
25 |
28 |
28 |
30 |
30 |
34 |
34 |
35 |
3.74 |
Unearned Premiums Asset |
|
20 |
23 |
29 |
32 |
34 |
35 |
22 |
24 |
28 |
32 |
41 |
Deferred Acquisition Cost |
|
67 |
69 |
71 |
72 |
73 |
74 |
75 |
73 |
76 |
92 |
105 |
Goodwill |
|
- |
- |
- |
- |
- |
- |
- |
0.00 |
17 |
17 |
17 |
Intangible Assets |
|
- |
- |
- |
- |
- |
- |
- |
0.00 |
7.86 |
7.55 |
7.73 |
Other Assets |
|
257 |
322 |
325 |
317 |
340 |
386 |
356 |
336 |
372 |
440 |
515 |
Total Liabilities & Shareholders' Equity |
|
1,676 |
1,704 |
1,758 |
1,807 |
1,856 |
2,023 |
2,054 |
2,117 |
1,973 |
2,094 |
2,270 |
Total Liabilities |
|
967 |
1,059 |
1,088 |
1,106 |
1,138 |
1,214 |
1,170 |
1,190 |
1,161 |
1,290 |
1,442 |
Short-Term Debt |
|
4.59 |
8.61 |
5.56 |
4.19 |
5.16 |
6.38 |
37 |
46 |
36 |
1.86 |
37 |
Other Short-Term Payables |
|
66 |
54 |
67 |
61 |
72 |
75 |
79 |
77 |
74 |
64 |
77 |
Long-Term Debt |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
30 |
0.00 |
Claims and Claim Expense |
|
482 |
554 |
560 |
574 |
585 |
611 |
568 |
571 |
550 |
603 |
672 |
Unearned Premiums Liability |
|
390 |
402 |
418 |
428 |
435 |
442 |
422 |
413 |
433 |
528 |
620 |
Other Long-Term Liabilities |
|
25 |
41 |
37 |
39 |
40 |
80 |
63 |
83 |
67 |
62 |
36 |
Commitments & Contingencies |
|
- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
708 |
644 |
671 |
701 |
719 |
808 |
885 |
927 |
812 |
804 |
828 |
Total Preferred & Common Equity |
|
708 |
644 |
671 |
701 |
719 |
808 |
885 |
927 |
812 |
804 |
828 |
Total Common Equity |
|
708 |
644 |
671 |
701 |
719 |
808 |
885 |
927 |
812 |
804 |
828 |
Common Stock |
|
176 |
180 |
185 |
190 |
196 |
202 |
210 |
216 |
222 |
227 |
231 |
Retained Earnings |
|
588 |
532 |
554 |
571 |
617 |
662 |
745 |
822 |
815 |
781 |
799 |
Treasury Stock |
|
-84 |
-84 |
-84 |
-84 |
-84 |
-84 |
-124 |
-135 |
-145 |
-150 |
-150 |
Accumulated Other Comprehensive Income / (Loss) |
|
29 |
16 |
16 |
24 |
-11 |
28 |
54 |
25 |
-81 |
-53 |
-51 |
Quarterly Balance Sheets for Safety Insurance Group
This table presents Safety Insurance Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q2 2022 |
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q1 2025 |
Total Assets |
|
1,947 |
1,934 |
1,990 |
2,016 |
2,052 |
2,093 |
2,162 |
2,271 |
2,291 |
Cash and Due from Banks |
|
39 |
34 |
15 |
25 |
31 |
31 |
45 |
63 |
65 |
Trading Account Securities |
|
1,411 |
1,375 |
1,418 |
1,374 |
1,359 |
1,399 |
1,417 |
1,483 |
1,522 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Accrued Investment Income |
|
7.10 |
8.37 |
7.72 |
7.20 |
7.69 |
8.01 |
7.28 |
7.65 |
7.87 |
Customer and Other Receivables |
|
36 |
36 |
34 |
34 |
37 |
36 |
6.95 |
9.69 |
4.49 |
Unearned Premiums Asset |
|
26 |
27 |
29 |
30 |
30 |
34 |
36 |
38 |
42 |
Deferred Acquisition Cost |
|
74 |
77 |
77 |
84 |
92 |
94 |
101 |
107 |
105 |
Goodwill |
|
- |
- |
17 |
17 |
17 |
17 |
17 |
17 |
17 |
Intangible Assets |
|
- |
- |
7.64 |
7.44 |
7.24 |
7.34 |
7.13 |
7.97 |
7.49 |
Other Assets |
|
353 |
377 |
385 |
436 |
472 |
467 |
526 |
519 |
522 |
Total Liabilities & Shareholders' Equity |
|
1,947 |
1,934 |
1,990 |
2,016 |
2,052 |
2,093 |
2,162 |
2,271 |
2,291 |
Total Liabilities |
|
1,129 |
1,150 |
1,187 |
1,222 |
1,282 |
1,286 |
1,352 |
1,419 |
1,441 |
Short-Term Debt |
|
35 |
33 |
45 |
35 |
32 |
36 |
42 |
37 |
9.91 |
Other Short-Term Payables |
|
55 |
59 |
53 |
60 |
62 |
61 |
68 |
69 |
60 |
Long-Term Debt |
|
- |
- |
- |
- |
- |
0.00 |
0.00 |
0.00 |
30 |
Claims and Claim Expense |
|
548 |
545 |
570 |
565 |
584 |
604 |
622 |
644 |
683 |
Unearned Premiums Liability |
|
421 |
437 |
445 |
489 |
525 |
544 |
587 |
622 |
622 |
Other Long-Term Liabilities |
|
69 |
75 |
73 |
74 |
79 |
41 |
34 |
47 |
36 |
Commitments & Contingencies |
|
0.00 |
0.00 |
- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
819 |
784 |
803 |
794 |
770 |
807 |
810 |
851 |
851 |
Total Preferred & Common Equity |
|
819 |
784 |
803 |
794 |
770 |
807 |
810 |
851 |
851 |
Total Common Equity |
|
819 |
784 |
803 |
794 |
770 |
807 |
810 |
851 |
851 |
Common Stock |
|
220 |
221 |
223 |
225 |
225 |
228 |
229 |
230 |
232 |
Retained Earnings |
|
811 |
804 |
790 |
793 |
782 |
788 |
791 |
804 |
807 |
Treasury Stock |
|
-150 |
-150 |
-145 |
-150 |
-150 |
-150 |
-150 |
-150 |
-150 |
Accumulated Other Comprehensive Income / (Loss) |
|
-62 |
-90 |
-65 |
-74 |
-88 |
-59 |
-60 |
-32 |
-39 |
Annual Metrics And Ratios for Safety Insurance Group
This table displays calculated financial ratios and metrics derived from Safety Insurance Group's official financial filings.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
4.50% |
2.46% |
2.74% |
2.35% |
-0.31% |
4.94% |
-3.64% |
4.56% |
-9.88% |
16.70% |
20.36% |
EBITDA Growth |
|
-3.57% |
-120.50% |
621.12% |
-4.22% |
16.51% |
16.69% |
40.74% |
-7.12% |
-61.30% |
-54.25% |
222.13% |
EBIT Growth |
|
-4.98% |
-134.38% |
425.65% |
-7.06% |
20.24% |
18.72% |
41.20% |
-6.01% |
-63.73% |
-59.01% |
268.00% |
NOPAT Growth |
|
-3.26% |
-133.78% |
422.10% |
-3.40% |
33.35% |
19.72% |
38.76% |
-5.43% |
-64.38% |
-59.46% |
274.75% |
Net Income Growth |
|
-3.26% |
-123.34% |
566.22% |
-3.40% |
33.35% |
19.72% |
38.76% |
-5.43% |
-64.38% |
-59.46% |
274.75% |
EPS Growth |
|
-1.76% |
-123.79% |
559.14% |
-3.98% |
32.44% |
18.97% |
42.11% |
-4.14% |
-64.20% |
-59.37% |
273.44% |
Operating Cash Flow Growth |
|
-11.99% |
-76.54% |
331.72% |
-16.98% |
55.64% |
-11.93% |
-2.66% |
29.17% |
-68.65% |
17.57% |
146.94% |
Free Cash Flow Firm Growth |
|
10.37% |
-27.78% |
4.24% |
-19.15% |
92.99% |
-86.66% |
261.70% |
153.07% |
117.86% |
-81.90% |
33.27% |
Invested Capital Growth |
|
0.62% |
-8.38% |
3.55% |
4.28% |
2.64% |
12.57% |
13.14% |
5.62% |
-12.87% |
-1.44% |
3.50% |
Revenue Q/Q Growth |
|
0.89% |
0.30% |
0.73% |
0.79% |
-1.26% |
2.46% |
1.03% |
-0.73% |
0.03% |
3.56% |
2.58% |
EBITDA Q/Q Growth |
|
-0.39% |
-6.36% |
3.66% |
-2.87% |
8.18% |
10.13% |
21.36% |
-9.78% |
-11.17% |
-34.91% |
-4.65% |
EBIT Q/Q Growth |
|
-2.86% |
6.82% |
1.89% |
-4.74% |
9.54% |
11.08% |
22.65% |
-14.47% |
-12.06% |
-39.73% |
-5.93% |
NOPAT Q/Q Growth |
|
-2.11% |
6.82% |
2.64% |
-1.02% |
9.24% |
10.86% |
21.94% |
-13.79% |
-13.74% |
-39.59% |
-5.52% |
Net Income Q/Q Growth |
|
-2.11% |
-0.58% |
2.64% |
-1.02% |
9.24% |
10.86% |
21.94% |
-13.79% |
-13.74% |
-39.59% |
-5.52% |
EPS Q/Q Growth |
|
-1.76% |
2.11% |
1.91% |
-1.20% |
9.26% |
10.62% |
23.55% |
-13.04% |
-15.55% |
-39.34% |
-5.53% |
Operating Cash Flow Q/Q Growth |
|
-12.39% |
8.09% |
-9.74% |
12.23% |
4.36% |
5.15% |
-7.95% |
-1.76% |
-18.18% |
37.06% |
13.56% |
Free Cash Flow Firm Q/Q Growth |
|
-2.39% |
2.47% |
129.81% |
-14.12% |
-13.41% |
-20.78% |
-2.48% |
75.56% |
-22.87% |
-33.70% |
456.26% |
Invested Capital Q/Q Growth |
|
0.54% |
0.67% |
-2.50% |
-1.74% |
0.63% |
2.07% |
4.80% |
-1.28% |
3.78% |
4.28% |
-2.58% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
12.38% |
-2.48% |
12.57% |
11.76% |
13.75% |
15.29% |
22.33% |
19.83% |
8.52% |
3.34% |
8.94% |
EBIT Margin |
|
10.70% |
-3.59% |
11.38% |
10.33% |
12.46% |
14.10% |
20.66% |
18.57% |
7.48% |
2.63% |
8.03% |
Profit (Net Income) Margin |
|
7.62% |
-1.74% |
7.88% |
7.44% |
9.95% |
11.35% |
16.34% |
14.78% |
5.84% |
2.03% |
6.32% |
Tax Burden Percent |
|
71.24% |
48.36% |
69.24% |
71.96% |
79.80% |
80.53% |
79.08% |
79.57% |
78.15% |
77.29% |
78.71% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
99.93% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
28.76% |
0.00% |
30.76% |
28.04% |
20.20% |
19.47% |
20.92% |
20.43% |
21.85% |
22.71% |
21.29% |
Return on Invested Capital (ROIC) |
|
8.35% |
-2.94% |
9.72% |
9.03% |
11.64% |
12.95% |
15.92% |
13.79% |
5.11% |
2.24% |
8.31% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
8.35% |
91.00% |
9.72% |
9.03% |
11.64% |
12.95% |
15.92% |
13.79% |
5.11% |
2.24% |
8.31% |
Return on Net Nonoperating Assets (RNNOA) |
|
0.11% |
0.89% |
0.10% |
0.06% |
0.08% |
0.10% |
0.41% |
0.64% |
0.24% |
0.09% |
0.35% |
Return on Equity (ROE) |
|
8.46% |
-2.05% |
9.82% |
9.10% |
11.72% |
13.04% |
16.33% |
14.43% |
5.35% |
2.34% |
8.66% |
Cash Return on Invested Capital (CROIC) |
|
7.74% |
5.82% |
6.23% |
4.85% |
9.04% |
1.12% |
3.59% |
8.32% |
18.86% |
3.69% |
4.87% |
Operating Return on Assets (OROA) |
|
5.05% |
-1.70% |
5.39% |
4.86% |
5.69% |
6.38% |
8.57% |
7.88% |
2.91% |
1.20% |
4.12% |
Return on Assets (ROA) |
|
3.60% |
-0.82% |
3.73% |
3.50% |
4.54% |
5.14% |
6.78% |
6.27% |
2.28% |
0.93% |
3.24% |
Return on Common Equity (ROCE) |
|
8.46% |
-2.05% |
9.82% |
9.10% |
11.72% |
13.04% |
16.33% |
14.43% |
5.35% |
2.34% |
8.66% |
Return on Equity Simple (ROE_SIMPLE) |
|
8.38% |
-2.15% |
9.63% |
8.90% |
11.58% |
12.32% |
15.62% |
14.10% |
5.73% |
2.35% |
8.54% |
Net Operating Profit after Tax (NOPAT) |
|
59 |
-20 |
65 |
62 |
83 |
100 |
138 |
131 |
47 |
19 |
71 |
NOPAT Margin |
|
7.62% |
-2.51% |
7.88% |
7.44% |
9.95% |
11.35% |
16.34% |
14.78% |
5.84% |
2.03% |
6.32% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
-93.93% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Operating Expenses to Revenue |
|
89.30% |
103.59% |
88.62% |
89.67% |
87.54% |
85.90% |
79.34% |
81.43% |
92.52% |
97.37% |
91.97% |
Earnings before Interest and Taxes (EBIT) |
|
83 |
-29 |
93 |
87 |
104 |
124 |
175 |
164 |
60 |
24 |
90 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
96 |
-20 |
103 |
99 |
115 |
134 |
189 |
175 |
68 |
31 |
100 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.90 |
0.92 |
1.21 |
1.33 |
1.37 |
1.44 |
1.12 |
1.23 |
1.40 |
1.34 |
1.48 |
Price to Tangible Book Value (P/TBV) |
|
0.90 |
0.92 |
1.21 |
1.33 |
1.37 |
1.44 |
1.12 |
1.23 |
1.44 |
1.38 |
1.52 |
Price to Revenue (P/Rev) |
|
0.82 |
0.74 |
0.99 |
1.11 |
1.18 |
1.33 |
1.17 |
1.29 |
1.42 |
1.16 |
1.09 |
Price to Earnings (P/E) |
|
10.73 |
0.00 |
12.60 |
14.90 |
11.86 |
11.68 |
7.19 |
8.72 |
24.33 |
57.02 |
17.29 |
Dividend Yield |
|
6.13% |
7.12% |
5.21% |
4.91% |
4.96% |
4.50% |
5.40% |
4.73% |
4.68% |
4.95% |
4.37% |
Earnings Yield |
|
9.32% |
0.00% |
7.93% |
6.71% |
8.43% |
8.56% |
13.91% |
11.46% |
4.11% |
1.75% |
5.79% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.84 |
0.85 |
1.18 |
1.26 |
1.32 |
1.38 |
1.06 |
1.15 |
1.35 |
1.28 |
1.39 |
Enterprise Value to Revenue (EV/Rev) |
|
0.77 |
0.69 |
0.98 |
1.06 |
1.14 |
1.28 |
1.16 |
1.27 |
1.44 |
1.15 |
1.07 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
6.21 |
0.00 |
7.76 |
9.04 |
8.30 |
8.39 |
5.17 |
6.40 |
16.85 |
34.45 |
12.00 |
Enterprise Value to EBIT (EV/EBIT) |
|
7.19 |
0.00 |
8.57 |
10.29 |
9.15 |
9.09 |
5.59 |
6.84 |
19.20 |
43.81 |
13.36 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
10.10 |
0.00 |
12.38 |
14.30 |
11.47 |
11.30 |
7.07 |
8.59 |
24.57 |
56.69 |
16.97 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
6.14 |
24.22 |
8.09 |
10.87 |
7.47 |
10.01 |
8.92 |
7.94 |
25.81 |
20.53 |
9.33 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
10.90 |
13.96 |
19.31 |
26.65 |
14.77 |
130.61 |
31.34 |
14.24 |
6.66 |
34.40 |
28.97 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.01 |
0.01 |
0.01 |
0.01 |
0.01 |
0.01 |
0.04 |
0.05 |
0.04 |
0.04 |
0.04 |
Long-Term Debt to Equity |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.04 |
0.00 |
Financial Leverage |
|
0.01 |
0.01 |
0.01 |
0.01 |
0.01 |
0.01 |
0.03 |
0.05 |
0.05 |
0.04 |
0.04 |
Leverage Ratio |
|
2.35 |
2.50 |
2.63 |
2.60 |
2.58 |
2.54 |
2.41 |
2.30 |
2.35 |
2.52 |
2.67 |
Compound Leverage Factor |
|
2.35 |
2.50 |
2.63 |
2.60 |
2.58 |
2.54 |
2.41 |
2.30 |
2.35 |
2.52 |
2.67 |
Debt to Total Capital |
|
0.64% |
1.32% |
0.82% |
0.59% |
0.71% |
0.78% |
4.03% |
4.77% |
4.29% |
3.81% |
4.27% |
Short-Term Debt to Total Capital |
|
0.64% |
1.32% |
0.82% |
0.59% |
0.71% |
0.78% |
4.03% |
4.77% |
4.29% |
0.22% |
4.27% |
Long-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
3.59% |
0.00% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
99.36% |
98.68% |
99.18% |
99.41% |
99.29% |
99.22% |
95.97% |
95.23% |
95.71% |
96.19% |
95.73% |
Debt to EBITDA |
|
0.05 |
-0.44 |
0.05 |
0.04 |
0.04 |
0.05 |
0.20 |
0.27 |
0.54 |
1.03 |
0.37 |
Net Debt to EBITDA |
|
-0.39 |
1.97 |
-0.14 |
-0.38 |
-0.28 |
-0.28 |
-0.09 |
-0.10 |
0.16 |
-0.20 |
-0.22 |
Long-Term Debt to EBITDA |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.97 |
0.00 |
Debt to NOPAT |
|
0.08 |
-0.43 |
0.09 |
0.07 |
0.06 |
0.06 |
0.27 |
0.36 |
0.78 |
1.69 |
0.52 |
Net Debt to NOPAT |
|
-0.64 |
1.94 |
-0.22 |
-0.60 |
-0.39 |
-0.38 |
-0.12 |
-0.13 |
0.24 |
-0.33 |
-0.31 |
Long-Term Debt to NOPAT |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
1.59 |
0.00 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
55 |
40 |
41 |
33 |
65 |
8.62 |
31 |
79 |
172 |
31 |
41 |
Operating Cash Flow to CapEx |
|
5,543.69% |
566.47% |
2,012.71% |
1,376.97% |
1,141.83% |
1,172.15% |
1,100.54% |
1,719.08% |
2,118.83% |
2,922.83% |
2,947.50% |
Free Cash Flow to Firm to Interest Expense |
|
611.04 |
441.29 |
460.01 |
371.92 |
717.77 |
95.76 |
70.84 |
151.12 |
327.96 |
38.02 |
81.44 |
Operating Cash Flow to Interest Expense |
|
1,084.10 |
254.34 |
1,098.04 |
911.56 |
1,418.79 |
1,249.51 |
248.77 |
270.87 |
84.59 |
63.71 |
252.83 |
Operating Cash Flow Less CapEx to Interest Expense |
|
1,064.54 |
209.44 |
1,043.49 |
845.36 |
1,294.53 |
1,142.91 |
226.17 |
255.11 |
80.60 |
61.53 |
244.25 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.47 |
0.47 |
0.47 |
0.47 |
0.46 |
0.45 |
0.41 |
0.42 |
0.39 |
0.46 |
0.51 |
Fixed Asset Turnover |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
713 |
653 |
676 |
705 |
724 |
815 |
922 |
974 |
848 |
836 |
865 |
Invested Capital Turnover |
|
1.10 |
1.17 |
1.23 |
1.21 |
1.17 |
1.14 |
0.97 |
0.93 |
0.87 |
1.10 |
1.32 |
Increase / (Decrease) in Invested Capital |
|
4.36 |
-60 |
23 |
29 |
19 |
91 |
107 |
52 |
-125 |
-12 |
29 |
Enterprise Value (EV) |
|
599 |
554 |
800 |
892 |
954 |
1,126 |
977 |
1,123 |
1,144 |
1,070 |
1,201 |
Market Capitalization |
|
637 |
593 |
814 |
929 |
986 |
1,164 |
994 |
1,140 |
1,133 |
1,076 |
1,223 |
Book Value per Share |
|
$47.19 |
$42.70 |
$44.27 |
$46.06 |
$47.01 |
$52.55 |
$59.40 |
$61.89 |
$55.10 |
$54.37 |
$55.83 |
Tangible Book Value per Share |
|
$47.19 |
$42.70 |
$44.27 |
$46.06 |
$47.01 |
$52.55 |
$59.40 |
$61.89 |
$53.40 |
$52.71 |
$54.16 |
Total Capital |
|
713 |
653 |
676 |
705 |
724 |
815 |
922 |
974 |
848 |
836 |
865 |
Total Debt |
|
4.59 |
8.61 |
5.56 |
4.19 |
5.16 |
6.38 |
37 |
46 |
36 |
32 |
37 |
Total Long-Term Debt |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
30 |
0.00 |
Net Debt |
|
-38 |
-39 |
-14 |
-38 |
-32 |
-38 |
-17 |
-17 |
11 |
-6.29 |
-22 |
Capital Expenditures (CapEx) |
|
1.76 |
4.04 |
4.91 |
5.96 |
11 |
9.59 |
9.95 |
8.23 |
2.09 |
1.78 |
4.37 |
Net Nonoperating Expense (NNE) |
|
0.00 |
-6.20 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
4.59 |
8.61 |
5.56 |
4.19 |
5.16 |
6.38 |
37 |
46 |
36 |
32 |
37 |
Total Depreciation and Amortization (D&A) |
|
13 |
8.87 |
9.77 |
12 |
11 |
10 |
14 |
11 |
8.30 |
6.64 |
10 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$3.93 |
($0.93) |
$4.29 |
$4.13 |
$5.48 |
$6.52 |
$9.25 |
$8.85 |
$3.17 |
$1.28 |
$4.79 |
Adjusted Weighted Average Basic Shares Outstanding |
|
15.11M |
14.87M |
14.95M |
15.01M |
15.08M |
15.20M |
15.00M |
14.83M |
14.61M |
14.66M |
14.69M |
Adjusted Diluted Earnings per Share |
|
$3.91 |
($0.93) |
$4.27 |
$4.10 |
$5.43 |
$6.46 |
$9.18 |
$8.80 |
$3.15 |
$1.28 |
$4.78 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
15.20M |
14.87M |
15.03M |
15.14M |
15.23M |
15.34M |
15.12M |
14.93M |
14.71M |
14.71M |
14.72M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$6.52 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
15.01M |
15.09M |
15.15M |
15.22M |
15.29M |
15.38M |
14.89M |
14.67M |
14.80M |
14.79M |
14.84M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
59 |
-20 |
65 |
62 |
83 |
100 |
138 |
131 |
47 |
19 |
71 |
Normalized NOPAT Margin |
|
7.62% |
-2.51% |
7.88% |
7.44% |
9.95% |
11.35% |
16.34% |
14.78% |
5.84% |
2.03% |
6.32% |
Pre Tax Income Margin |
|
10.70% |
-3.59% |
11.38% |
10.33% |
12.46% |
14.09% |
20.66% |
18.57% |
7.48% |
2.63% |
8.03% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
925.76 |
-318.28 |
1,036.47 |
963.33 |
1,158.34 |
1,375.23 |
397.20 |
314.69 |
113.70 |
29.85 |
176.55 |
NOPAT to Interest Expense |
|
659.49 |
-222.79 |
717.61 |
693.19 |
924.39 |
1,106.68 |
314.12 |
250.40 |
88.86 |
23.07 |
138.97 |
EBIT Less CapEx to Interest Expense |
|
906.20 |
-363.18 |
981.91 |
897.13 |
1,034.09 |
1,268.63 |
374.60 |
298.94 |
109.71 |
27.67 |
167.98 |
NOPAT Less CapEx to Interest Expense |
|
639.93 |
-267.69 |
663.06 |
626.99 |
800.13 |
1,000.08 |
291.51 |
234.65 |
84.86 |
20.89 |
130.39 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
66.22% |
-303.01% |
65.44% |
72.87% |
58.67% |
52.88% |
39.49% |
41.32% |
113.91% |
282.34% |
75.39% |
Augmented Payout Ratio |
|
105.75% |
-303.01% |
65.44% |
72.87% |
58.67% |
52.88% |
68.43% |
50.17% |
145.27% |
310.10% |
75.39% |
Quarterly Metrics And Ratios for Safety Insurance Group
This table displays calculated financial ratios and metrics derived from Safety Insurance Group's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
-9.96% |
0.10% |
9.58% |
24.87% |
19.17% |
14.11% |
25.55% |
17.78% |
28.77% |
10.90% |
12.39% |
EBITDA Growth |
|
-71.10% |
-19.97% |
-211.95% |
98.29% |
-57.26% |
-48.71% |
303.26% |
2.90% |
751.84% |
-27.83% |
7.60% |
EBIT Growth |
|
-75.29% |
-20.39% |
-251.34% |
117.12% |
-67.84% |
-50.49% |
267.29% |
-1.08% |
1,228.96% |
-35.89% |
10.24% |
NOPAT Growth |
|
-75.05% |
-23.15% |
-236.70% |
115.18% |
-68.52% |
-50.22% |
287.38% |
-2.15% |
1,228.32% |
-33.69% |
9.05% |
Net Income Growth |
|
-75.05% |
-23.15% |
-257.40% |
115.18% |
-68.52% |
-50.22% |
262.75% |
-2.15% |
1,228.32% |
-33.69% |
9.05% |
EPS Growth |
|
-74.39% |
-25.78% |
-258.49% |
116.98% |
-69.05% |
-49.70% |
261.90% |
-1.74% |
1,230.77% |
-33.33% |
8.82% |
Operating Cash Flow Growth |
|
-50.74% |
-31.97% |
15.61% |
-103.64% |
29.02% |
67.23% |
-63.94% |
4,786.63% |
142.01% |
43.84% |
115.01% |
Free Cash Flow Firm Growth |
|
313.76% |
858.02% |
2.62% |
-67.80% |
-89.93% |
-83.66% |
-50.61% |
-115.01% |
-443.97% |
-186.37% |
-202.78% |
Invested Capital Growth |
|
-17.12% |
-12.87% |
-6.64% |
-2.94% |
-1.92% |
-1.44% |
-0.52% |
2.77% |
10.79% |
3.50% |
5.58% |
Revenue Q/Q Growth |
|
4.84% |
17.67% |
-5.65% |
7.28% |
0.05% |
12.68% |
3.81% |
0.64% |
9.39% |
-2.96% |
5.20% |
EBITDA Q/Q Growth |
|
-14.95% |
246.70% |
-140.04% |
267.98% |
-81.67% |
316.09% |
58.66% |
-14.96% |
51.74% |
-64.75% |
136.56% |
EBIT Q/Q Growth |
|
-22.13% |
314.09% |
-148.01% |
240.24% |
-88.47% |
537.48% |
62.23% |
-17.07% |
54.96% |
-69.25% |
178.98% |
NOPAT Q/Q Growth |
|
-21.63% |
297.77% |
-143.50% |
258.67% |
-88.54% |
529.14% |
63.74% |
-17.14% |
55.62% |
-68.59% |
169.29% |
Net Income Q/Q Growth |
|
-21.63% |
297.77% |
-150.09% |
237.81% |
-88.54% |
529.14% |
63.74% |
-17.14% |
55.62% |
-68.59% |
169.29% |
EPS Q/Q Growth |
|
-20.75% |
297.62% |
-150.30% |
236.90% |
-88.70% |
546.15% |
61.90% |
-16.91% |
53.10% |
-67.63% |
164.29% |
Operating Cash Flow Q/Q Growth |
|
57.60% |
-11.34% |
-161.51% |
95.76% |
5,686.26% |
14.92% |
-160.30% |
221.07% |
188.46% |
-31.70% |
-93.71% |
Free Cash Flow Firm Q/Q Growth |
|
33.96% |
-14.34% |
-66.91% |
-15.19% |
-58.11% |
38.98% |
0.03% |
-125.77% |
-859.95% |
65.10% |
-19.04% |
Invested Capital Q/Q Growth |
|
-4.26% |
3.78% |
-0.05% |
-2.26% |
-3.25% |
4.28% |
0.88% |
0.97% |
4.30% |
-2.58% |
2.91% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
5.13% |
15.11% |
-6.41% |
10.04% |
1.84% |
6.79% |
10.38% |
8.77% |
12.16% |
4.42% |
9.94% |
EBIT Margin |
|
4.00% |
14.09% |
-7.17% |
9.37% |
1.08% |
6.11% |
9.55% |
7.87% |
11.15% |
3.53% |
9.37% |
Profit (Net Income) Margin |
|
3.22% |
10.88% |
-5.78% |
7.42% |
0.85% |
4.75% |
7.49% |
6.17% |
8.77% |
2.84% |
7.27% |
Tax Burden Percent |
|
79.65% |
77.44% |
80.60% |
79.20% |
78.72% |
77.69% |
78.41% |
78.34% |
78.68% |
80.35% |
77.56% |
Interest Burden Percent |
|
100.97% |
99.76% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
20.35% |
22.56% |
0.00% |
20.80% |
21.28% |
22.31% |
21.59% |
21.66% |
21.32% |
19.65% |
22.44% |
Return on Invested Capital (ROIC) |
|
2.84% |
9.52% |
-4.66% |
7.60% |
0.94% |
5.24% |
8.72% |
7.52% |
11.33% |
3.74% |
9.66% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
2.84% |
9.52% |
-8.21% |
7.60% |
0.94% |
5.24% |
8.72% |
7.52% |
11.33% |
3.74% |
9.66% |
Return on Net Nonoperating Assets (RNNOA) |
|
0.15% |
0.45% |
-0.45% |
0.33% |
0.04% |
0.22% |
0.44% |
0.36% |
0.48% |
0.16% |
0.44% |
Return on Equity (ROE) |
|
3.00% |
9.97% |
-5.11% |
7.93% |
0.98% |
5.46% |
9.16% |
7.88% |
11.81% |
3.89% |
10.11% |
Cash Return on Invested Capital (CROIC) |
|
24.70% |
18.86% |
9.87% |
7.20% |
5.79% |
3.69% |
6.59% |
3.33% |
-1.38% |
4.87% |
2.94% |
Operating Return on Assets (OROA) |
|
1.56% |
5.49% |
-2.94% |
4.07% |
0.49% |
2.80% |
4.61% |
3.86% |
5.63% |
1.81% |
4.93% |
Return on Assets (ROA) |
|
1.26% |
4.24% |
-2.37% |
3.23% |
0.38% |
2.17% |
3.61% |
3.03% |
4.43% |
1.46% |
3.82% |
Return on Common Equity (ROCE) |
|
3.00% |
9.97% |
-5.11% |
7.93% |
0.98% |
5.46% |
9.16% |
7.88% |
11.81% |
3.89% |
10.11% |
Return on Equity Simple (ROE_SIMPLE) |
|
6.88% |
0.00% |
3.29% |
4.47% |
4.06% |
0.00% |
6.36% |
6.29% |
8.79% |
0.00% |
8.53% |
Net Operating Profit after Tax (NOPAT) |
|
6.19 |
25 |
-11 |
17 |
1.95 |
12 |
20 |
17 |
26 |
8.13 |
22 |
NOPAT Margin |
|
3.22% |
10.88% |
-5.02% |
7.42% |
0.85% |
4.75% |
7.49% |
6.17% |
8.77% |
2.84% |
7.27% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
3.55% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Operating Expenses to Revenue |
|
96.00% |
85.91% |
107.17% |
90.63% |
98.92% |
93.89% |
90.45% |
92.13% |
88.85% |
96.47% |
90.63% |
Earnings before Interest and Taxes (EBIT) |
|
7.70 |
32 |
-15 |
21 |
2.48 |
16 |
26 |
21 |
33 |
10 |
28 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
9.86 |
34 |
-14 |
23 |
4.22 |
18 |
28 |
24 |
36 |
13 |
30 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
1.41 |
1.40 |
1.29 |
1.28 |
1.25 |
1.34 |
1.44 |
1.37 |
1.43 |
1.48 |
1.38 |
Price to Tangible Book Value (P/TBV) |
|
1.41 |
1.44 |
1.34 |
1.32 |
1.29 |
1.38 |
1.49 |
1.42 |
1.47 |
1.52 |
1.42 |
Price to Revenue (P/Rev) |
|
1.39 |
1.42 |
1.27 |
1.18 |
1.07 |
1.16 |
1.18 |
1.09 |
1.11 |
1.09 |
1.02 |
Price to Earnings (P/E) |
|
20.54 |
24.33 |
39.37 |
28.65 |
30.87 |
57.02 |
22.68 |
21.86 |
16.21 |
17.29 |
16.13 |
Dividend Yield |
|
4.79% |
4.68% |
5.13% |
5.26% |
5.52% |
4.95% |
4.58% |
4.80% |
4.40% |
4.37% |
4.56% |
Earnings Yield |
|
4.87% |
4.11% |
2.54% |
3.49% |
3.24% |
1.75% |
4.41% |
4.57% |
6.17% |
5.79% |
6.20% |
Enterprise Value to Invested Capital (EV/IC) |
|
1.36 |
1.35 |
1.26 |
1.24 |
1.20 |
1.28 |
1.39 |
1.30 |
1.34 |
1.39 |
1.29 |
Enterprise Value to Revenue (EV/Rev) |
|
1.39 |
1.44 |
1.31 |
1.19 |
1.08 |
1.15 |
1.19 |
1.08 |
1.09 |
1.07 |
0.99 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
14.50 |
16.85 |
25.46 |
19.23 |
20.24 |
34.45 |
16.10 |
15.16 |
11.32 |
12.00 |
11.21 |
Enterprise Value to EBIT (EV/EBIT) |
|
16.36 |
19.20 |
31.28 |
22.44 |
23.83 |
43.81 |
17.89 |
17.05 |
12.43 |
13.36 |
12.39 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
20.53 |
24.57 |
40.50 |
28.92 |
30.91 |
56.69 |
22.78 |
21.80 |
15.86 |
16.97 |
15.79 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
20.46 |
25.81 |
22.88 |
32.93 |
25.40 |
20.53 |
26.64 |
15.86 |
10.48 |
9.33 |
7.49 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
4.97 |
6.66 |
12.32 |
16.95 |
20.58 |
34.40 |
20.98 |
39.68 |
0.00 |
28.97 |
44.97 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.04 |
0.04 |
0.06 |
0.04 |
0.04 |
0.04 |
0.05 |
0.05 |
0.04 |
0.04 |
0.05 |
Long-Term Debt to Equity |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.04 |
0.00 |
0.00 |
0.00 |
0.00 |
0.04 |
Financial Leverage |
|
0.05 |
0.05 |
0.05 |
0.04 |
0.04 |
0.04 |
0.05 |
0.05 |
0.04 |
0.04 |
0.05 |
Leverage Ratio |
|
2.38 |
2.35 |
2.39 |
2.46 |
2.57 |
2.52 |
2.54 |
2.60 |
2.67 |
2.67 |
2.65 |
Compound Leverage Factor |
|
2.41 |
2.35 |
2.39 |
2.46 |
2.57 |
2.52 |
2.54 |
2.60 |
2.67 |
2.67 |
2.65 |
Debt to Total Capital |
|
4.05% |
4.29% |
5.31% |
4.22% |
4.00% |
3.81% |
4.32% |
4.88% |
4.15% |
4.27% |
4.48% |
Short-Term Debt to Total Capital |
|
4.05% |
4.29% |
5.31% |
4.22% |
4.00% |
0.22% |
4.32% |
4.88% |
4.15% |
4.27% |
1.11% |
Long-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
3.59% |
0.00% |
0.00% |
0.00% |
0.00% |
3.37% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
95.95% |
95.71% |
94.69% |
95.78% |
96.00% |
96.19% |
95.68% |
95.12% |
95.85% |
95.73% |
95.52% |
Debt to EBITDA |
|
0.43 |
0.54 |
1.07 |
0.66 |
0.67 |
1.03 |
0.50 |
0.57 |
0.35 |
0.37 |
0.39 |
Net Debt to EBITDA |
|
-0.01 |
0.16 |
0.71 |
0.18 |
0.02 |
-0.20 |
0.08 |
-0.04 |
-0.25 |
-0.22 |
-0.24 |
Long-Term Debt to EBITDA |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.97 |
0.00 |
0.00 |
0.00 |
0.00 |
0.29 |
Debt to NOPAT |
|
0.61 |
0.78 |
1.71 |
0.99 |
1.03 |
1.69 |
0.71 |
0.82 |
0.49 |
0.52 |
0.55 |
Net Debt to NOPAT |
|
-0.01 |
0.24 |
1.13 |
0.27 |
0.04 |
-0.33 |
0.11 |
-0.06 |
-0.34 |
-0.31 |
-0.34 |
Long-Term Debt to NOPAT |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
1.59 |
0.00 |
0.00 |
0.00 |
0.00 |
0.41 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
175 |
150 |
50 |
42 |
18 |
24 |
24 |
-6.31 |
-61 |
-21 |
-25 |
Operating Cash Flow to CapEx |
|
2,844.89% |
3,677.19% |
-2,409.72% |
-3,211.76% |
3,588.35% |
9,199.74% |
-689.11% |
4,729.94% |
12,241.29% |
32,528.39% |
955.72% |
Free Cash Flow to Firm to Interest Expense |
|
1,325.86 |
1,135.77 |
236.20 |
120.88 |
126.77 |
202.40 |
199.17 |
0.00 |
-488.80 |
-80.73 |
-242.11 |
Operating Cash Flow to Interest Expense |
|
179.10 |
158.79 |
-61.39 |
-1.57 |
219.43 |
289.68 |
-171.83 |
0.00 |
595.28 |
192.44 |
30.51 |
Operating Cash Flow Less CapEx to Interest Expense |
|
172.80 |
154.47 |
-63.94 |
-1.62 |
213.32 |
286.53 |
-196.76 |
0.00 |
590.42 |
191.85 |
27.32 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.39 |
0.39 |
0.41 |
0.43 |
0.45 |
0.46 |
0.48 |
0.49 |
0.50 |
0.51 |
0.53 |
Fixed Asset Turnover |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
817 |
848 |
848 |
829 |
802 |
836 |
844 |
852 |
888 |
865 |
891 |
Invested Capital Turnover |
|
0.88 |
0.87 |
0.93 |
1.02 |
1.11 |
1.10 |
1.16 |
1.22 |
1.29 |
1.32 |
1.33 |
Increase / (Decrease) in Invested Capital |
|
-169 |
-125 |
-60 |
-25 |
-16 |
-12 |
-4.42 |
23 |
87 |
29 |
47 |
Enterprise Value (EV) |
|
1,108 |
1,144 |
1,069 |
1,026 |
966 |
1,070 |
1,169 |
1,110 |
1,188 |
1,201 |
1,146 |
Market Capitalization |
|
1,109 |
1,133 |
1,039 |
1,017 |
965 |
1,076 |
1,163 |
1,113 |
1,213 |
1,223 |
1,170 |
Book Value per Share |
|
$53.21 |
$55.10 |
$54.25 |
$53.40 |
$52.04 |
$54.37 |
$54.56 |
$54.61 |
$57.38 |
$55.83 |
$57.33 |
Tangible Book Value per Share |
|
$53.21 |
$53.40 |
$52.58 |
$51.75 |
$50.39 |
$52.71 |
$52.91 |
$52.97 |
$55.70 |
$54.16 |
$55.67 |
Total Capital |
|
817 |
848 |
848 |
829 |
802 |
836 |
844 |
852 |
888 |
865 |
891 |
Total Debt |
|
33 |
36 |
45 |
35 |
32 |
32 |
36 |
42 |
37 |
37 |
40 |
Total Long-Term Debt |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
30 |
0.00 |
0.00 |
0.00 |
0.00 |
30 |
Net Debt |
|
-0.52 |
11 |
30 |
9.61 |
1.17 |
-6.29 |
5.63 |
-3.06 |
-26 |
-22 |
-25 |
Capital Expenditures (CapEx) |
|
0.83 |
0.57 |
0.54 |
0.02 |
0.85 |
0.38 |
3.07 |
0.54 |
0.60 |
0.16 |
0.33 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
1.62 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
33 |
36 |
45 |
35 |
32 |
32 |
36 |
42 |
37 |
37 |
40 |
Total Depreciation and Amortization (D&A) |
|
2.16 |
2.31 |
1.62 |
1.53 |
1.74 |
1.75 |
2.22 |
2.43 |
3.00 |
2.54 |
1.71 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.42 |
$1.68 |
($0.84) |
$1.15 |
$0.13 |
$0.84 |
$1.36 |
$1.13 |
$1.74 |
$0.56 |
$1.48 |
Adjusted Weighted Average Basic Shares Outstanding |
|
14.60M |
14.61M |
14.68M |
14.68M |
14.65M |
14.66M |
14.67M |
14.70M |
14.84M |
14.69M |
14.72M |
Adjusted Diluted Earnings per Share |
|
$0.42 |
$1.67 |
($0.84) |
$1.15 |
$0.13 |
$0.84 |
$1.36 |
$1.13 |
$1.73 |
$0.56 |
$1.48 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
14.71M |
14.71M |
14.76M |
14.72M |
14.68M |
14.71M |
14.70M |
14.72M |
14.87M |
14.72M |
14.75M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
14.74M |
14.80M |
14.87M |
14.79M |
14.79M |
14.79M |
14.84M |
14.84M |
14.84M |
14.84M |
14.89M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
6.19 |
25 |
-11 |
17 |
1.95 |
12 |
20 |
17 |
26 |
8.13 |
22 |
Normalized NOPAT Margin |
|
3.22% |
10.88% |
-5.02% |
7.42% |
0.85% |
4.75% |
7.49% |
6.17% |
8.77% |
2.84% |
7.27% |
Pre Tax Income Margin |
|
4.04% |
14.05% |
-7.17% |
9.37% |
1.08% |
6.11% |
9.55% |
7.87% |
11.15% |
3.53% |
9.37% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
58.33 |
241.52 |
-72.89 |
61.69 |
17.81 |
130.45 |
208.19 |
0.00 |
265.36 |
38.62 |
271.44 |
NOPAT to Interest Expense |
|
46.91 |
186.59 |
-51.02 |
48.85 |
14.02 |
101.34 |
163.24 |
0.00 |
208.78 |
31.03 |
210.54 |
EBIT Less CapEx to Interest Expense |
|
52.03 |
237.20 |
-75.44 |
61.64 |
11.70 |
127.30 |
183.25 |
0.00 |
260.50 |
38.03 |
268.25 |
NOPAT Less CapEx to Interest Expense |
|
40.61 |
182.27 |
-53.57 |
48.80 |
7.91 |
98.19 |
138.30 |
0.00 |
203.92 |
30.44 |
207.35 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
98.67% |
113.91% |
201.50% |
149.94% |
170.45% |
282.34% |
103.64% |
104.49% |
71.16% |
75.39% |
73.43% |
Augmented Payout Ratio |
|
147.14% |
145.27% |
201.50% |
164.70% |
187.22% |
310.10% |
103.64% |
104.49% |
71.16% |
75.39% |
73.43% |
Key Financial Trends
Safety Insurance Group (NASDAQ: SAFT) has demonstrated solid financial performance and stability over the past four years, as observed from its quarterly income statements, cash flow statements, and balance sheets.
Positive Highlights:
- Net income has steadily increased over the last year, with Q1 2025 reporting a consolidated net income of $21.9 million, up significantly from $8.13 million in Q4 2024 and a considerable recovery from the net loss in Q1 2023 of -$12.3 million.
- Premiums earned consistently grew from $191.7 million in Q1 2023 to $272.7 million in Q1 2025, indicating strong top-line growth in the company's core insurance business.
- Total common equity has increased from approximately $803 million in Q1 2023 to $851 million in Q1 2025, showcasing growth in shareholders' value and retention of earnings.
- The company is maintaining a stable dividend policy, paying a consistent quarterly dividend of $0.90 per share across all reported periods, which may appeal to income-focused investors.
- Net cash from continuing operating activities improved from negative $12.9 million in Q1 2023 to positive $3.17 million in Q1 2025, reflecting better operational cash generation.
- Trading account securities have expanded from approximately $1.42 billion in Q2 2022 to $1.52 billion in Q1 2025, indicating growth in investment assets which support the insurer's balance sheet strength.
Neutral Observations:
- Interest expense has remained relatively low and stable, with Q1 2025 showing $104,000, which is manageable given the company's capital structure.
- Total liabilities have grown moderately from about $1.13 billion in Q2 2022 to $1.44 billion in Q1 2025, reflecting expansion but still controlled relative to equity growth.
- The number of weighted average diluted shares outstanding has remained around 14.7 to 15 million shares, indicating minimal dilution over the period.
Negative Factors:
- Significant fluctuations in net cash from continuing operating activities have been seen, including negative cash generation in several quarters such as Q1 2023 (-$12.9 million) and considerable swings thereafter, signaling possible volatility in working capital management.
- Non-cash adjustments to reconcile net income to cash have shown large negative values in some quarters, for example, -$4.1 million in Q1 2025 and -$7.8 million in Q1 2024, indicating adjustments that can affect cash flow interpretation.
In summary, Safety Insurance Group has steadily improved its profitability, revenue, and equity base while maintaining a consistent dividend payout. However, cash flow volatility and changes in operating assets and liabilities warrant monitoring. The company’s expanding investment portfolio and strong premium growth position it well, but investors should keep an eye on operational cash flows and overall liability trends moving forward.
10/04/25 11:31 AM ETAI Generated. May Contain Errors.