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 shown solid financial performance over the last four years, with improving profitability and a stable balance sheet. Below are the key trends and notable points from the quarterly financials spanning from Q2 2022 through Q1 2025:
- Consistent Net Income Growth: The company turned profitable in 2023 after a loss in Q1 2023 (-$12.3 million). Since Q2 2023, net income has steadily increased, reaching $21.9 million in Q1 2025, showing improved operating efficiency and revenue growth.
- Strong Premiums Earned: Premiums earned have steadily increased from $188.3 million in Q2 2022 to $272.7 million in Q1 2025, indicating robust growth in the company's core insurance underwriting business.
- Higher Investment Gains: Net realized and unrealized capital gains on investments improved significantly, from a loss of $14 million in Q2 2022 to $18.6 million in Q1 2025, reflecting an effective investment strategy in a rising markets environment.
- Increasing Cash and Equivalents: The cash balance nearly doubled from $15.3 million in Q1 2023 to $64.7 million by Q1 2025, enhancing liquidity and financial flexibility.
- Stable Equity Position: Total common equity remained strong, hovering above $800 million and increasing to $851 million by Q1 2025, supporting a solid capital base.
- Consistent Dividend Payments: SAFETY INSURANCE GROUP has consistently paid cash dividends of $0.90 per share, which should be attractive to income-focused investors, though the dividend payout represents a significant use of cash.
- Stable Debt Levels: Long-term debt was zero or very low throughout the period, except for $30 million recorded in Q1 2025, which was immediately offset by repayments, indicating prudent debt management.
- Operating Cash Flow Volatility: Operating cash flow fluctuated, with negative cash flow notably in Q1 2023 (-$12.9 million) and positive peaks in Q3 2024 ($73.8 million) and Q1 2025 ($3.2 million), reflecting changes in working capital and timing of claims.
- Increasing Claims and Acquisition Costs: Property and liability insurance claims rose steadily from $112.7 million in Q2 2022 to $190.3 million in Q1 2025, and insurance policy acquisition costs also increased from $60 million to over $80 million, pressuring margins.
- Unearned Premiums Liabilities Growth: Unearned premiums liabilities roughly increased from $421 million in Q2 2022 to $622 million by Q1 2025, indicating more premiums received but not yet earned, which could impact future revenue recognition and risk exposure.
Summary: Safety Insurance Group has demonstrated a healthy recovery from losses in early 2023 to strong profitability and revenue growth by 2025, supported by solid premium increases and investment income gains. The balance sheet remains strong with rising liquidity and equity, although rising claims and acquisition costs deserve monitoring as they may pressure profitability. The consistent dividend payout signals confidence in cash flow stability, which may appeal to income investors. Overall, the company shows positive momentum backed by prudent financial management but faces operational cost pressures inherent in the insurance industry.
08/23/25 11:44 AMAI Generated. May Contain Errors.