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Safety Insurance Group (SAFT) Financials

Safety Insurance Group logo
$77.88 0.00 (0.00%)
Closing price 06/20/2025 04:00 PM Eastern
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$77.88 0.00 (0.00%)
As of 06/20/2025 04:20 PM Eastern
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Annual Income Statements for Safety Insurance Group

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.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 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
Net Income / (Loss) Continuing Operations		 59 -14 65 62 83 100 138 131 47 19 71
Total Pre-Tax Income 		83 -29 93 87 104 124 175 164 60 24 90
Total Revenue		 779 798 820 839 836 878 846 884 797 930 1,120
Net Interest Income / (Expense)		 -0.09 -0.09 -0.09 -0.09 -0.09 -0.09 -0.44 -0.52 -0.52 -0.82 -0.51
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Expense		 0.09 0.09 0.09 0.09 0.09 0.09 0.44 0.52 0.52 0.82 0.51
Long-Term Debt Interest Expense		 0.09 0.09 0.09 0.09 0.09 0.09 0.44 0.52 0.52 0.82 0.51
Total Non-Interest Income		 779 798 820 839 836 878 846 885 798 931 1,120
Other Service Charges		 19 18 18 18 18 17 17 15 15 26 32
Net Realized & Unrealized Capital Gains on Investments		 43 39 43 45 30 70 52 76 12 65 67
Premiums Earned		 717 738 756 774 782 789 771 774 759 834 1,011
Other Non-Interest Income		 0.88 2.39 3.19 2.08 6.92 1.94 5.85 20 12 5.01 10
Total Non-Interest Expense		 695 827 726 752 732 754 671 720 737 906 1,030
Property & Liability Insurance Claims		 476 613 493 504 486 510 405 462 492 642 717
Insurance Policy Acquisition Costs		 - - - - - - 266 258 245 257 305
Other Operating Expenses		 219 214 233 248 247 244 0.00 0.00 0.33 6.84 7.68
Income Tax Expense		 24 -15 29 24 21 24 37 34 13 5.55 19
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
Weighted Average Basic Shares Outstanding		 14.96M 14.87M 14.95M 15.01M 15.08M 15.20M 15.00M 14.83M 14.61M 14.66M 14.69M
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
Weighted Average Diluted Shares Outstanding		 15.05M 14.87M 15.03M 15.14M 15.23M 15.34M 15.12M 14.93M 14.71M 14.71M 14.72M
Weighted Average Basic & Diluted Shares Outstanding		 15.10M 14.90M 15.10M 15.10M 15.20M 15.38M 14.89M 14.67M 14.80M 14.79M 14.84M
Cash Dividends to Common per Share		 $2.60 $2.80 $2.80 $3.00 $3.20 $3.40 $3.60 $3.60 $3.60 $3.60 $3.60

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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
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
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
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
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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
Period end date 6/30/2022 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025
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
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
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

In Q1 2025, Safety Insurance reported continued premium growth, expanding margins and a net-cash balance sheet, albeit with negative free cash flow driven by higher working capital investment. Key trends include:

  • Premiums earned rose 12.4% year-over-year to $272.7 million, driving total revenue up 5.2% sequentially.
  • EBIT grew 10.2% year-over-year, with EBIT margin improving to 9.37% from 8.88% in Q4 2024.
  • NOPAT increased 9.1% year-over-year to $21.9 million, lifting the normalized NOPAT margin to 7.27%.
  • Operating cash flow jumped 115% year-over-year to $3.17 million, reflecting strong working-capital management.
  • Net debt to EBITDA was –0.24×, reflecting a net-cash position and minimal leverage (debt/equity 4.69%).
  • ROIC remained solid at 9.66%, consistent with prior quarters, and ROE at 10.11%.
  • Valuation multiples are in line with historical norms: P/E at 16.1×, P/B at 1.38× and EV/EBITDA at 11.2×.
  • Free cash flow to the firm was negative $25.2 million, driven by a $47.1 million increase in invested capital.
  • FCFF declined 202% year-over-year, reflecting elevated working-capital build and investment securities purchases.
  • Dividend payout ratio remains high at 73.4%, which may limit reinvestment flexibility if margins slip.
06/22/25 11:24 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Safety Insurance Group's Financials

When does Safety Insurance Group's financial year end?

According to the most recent income statement we have on file, Safety Insurance Group's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Safety Insurance Group's net income changed over the last 10 years?

Safety Insurance Group's net income appears to be on an upward trend, with a most recent value of $70.73 million in 2024, rising from $59.35 million in 2014. The previous period was $18.88 million in 2023.

How has Safety Insurance Group's revenue changed over the last 10 years?

Over the last 10 years, Safety Insurance Group's total revenue changed from $778.71 million in 2014 to $1.12 billion in 2024, a change of 43.8%.

How much debt does Safety Insurance Group have?

Safety Insurance Group's total liabilities were at $1.44 billion at the end of 2024, a 11.8% increase from 2023, and a 49.0% increase since 2014.

How much cash does Safety Insurance Group have?

In the past 10 years, Safety Insurance Group's cash and equivalents has ranged from $20.05 million in 2016 to $63.60 million in 2021, and is currently $58.97 million as of their latest financial filing in 2024.

How has Safety Insurance Group's book value per share changed over the last 10 years?

Over the last 10 years, Safety Insurance Group's book value per share changed from 47.19 in 2014 to 55.83 in 2024, a change of 18.3%.


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This page (NASDAQ:SAFT) was last updated on 6/23/2025 by MarketBeat.com Staff
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