Safety Insurance Group Inc - Understand $saft stock

$SAFT Market Cap: $1.277 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$1.091B

TTM

Gross Margin

37.13%

TTM

Net Earnings

$74.81M

TTM

Current Assets

$311.4M

Q3 2024

Current Liabilities

$122.8M

Q3 2024

Current Ratio

253.72%

Q3 2024

Total Assets

$2.271B

Q3 2024

Total Liabilities

$1.419B

Q3 2024

Book Value

$851.4M

Q3 2024

Cash

$62.60M

Q3 2024

P/E

17.08

Nov 29, 2024 EST

Free Cash Flow

$108.7M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000
Revenue	$931.0M	$797.6M	$884.9M	$846.2M	$877.8M	$836.5M	$839.1M	$816.6M	$795.6M	$777.9M	$745.3M	$703.9M	$660.2M	$612.7M	$592.0M	$641.0M	$670.1M	$680.7M	$671.5M	$636.4M	$591.8M	$529.3M	$481.6M	$417.6M
YoY Change	16.73%	-9.87%	4.57%	-3.59%	4.93%	-0.31%	2.76%	2.64%	2.28%	4.38%	5.88%	6.62%	7.74%	3.51%	-7.65%	-4.34%	-1.56%	1.37%	5.52%	7.54%	11.81%	9.9%	15.33%	22.43%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000
Revenue	$931.0M	$797.6M	$884.9M	$846.2M	$877.8M	$836.5M	$839.1M	$816.6M	$795.6M	$777.9M	$745.3M	$703.9M	$660.2M	$612.7M	$592.0M	$641.0M	$670.1M	$680.7M	$671.5M	$636.4M	$591.8M	$529.3M	$481.6M	$417.6M
Cost Of Revenue	$642.3M	$492.0M	$461.7M	$404.6M	$509.8M	$485.5M	$503.9M				$447.7M	$422.2M	$466.6M	$360.8M	$346.3M
Gross Profit	$288.7M	$305.6M	$423.2M	$441.7M	$367.9M	$351.0M	$335.2M				$297.5M	$281.7M	$193.5M	$251.9M	$245.7M
Gross Profit Margin	31.01%	38.31%	47.82%	52.19%	41.91%	41.96%	39.95%				39.92%	40.01%	29.31%	41.11%	41.5%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000
Selling, General & Admin																				$0.00	$0.00	$6.300M	$9.500M	$400.0K
YoY Change																					-100.0%	-33.68%	2275.0%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$7.840M	$7.876M	$6.896M	$7.526M	$5.166M	$5.464M	$5.037M	$14.10M	$12.60M	$13.10M	$3.974M	$4.450M	$3.277M	$2.526M	$12.00M	$11.30M	$10.00M	$8.500M	$8.300M	$8.000M	$7.500M	$100.0K	$1.400M	$1.900M
YoY Change	-0.46%	14.21%	-8.37%	45.68%	-5.45%	8.48%	-64.28%	11.9%	-3.82%	229.64%	-10.7%	35.79%	29.73%	-78.95%	6.19%	13.0%	17.65%	2.41%	3.75%	6.67%	7400.0%	-92.86%	-26.32%	-5.0%
% of Gross Profit	2.72%	2.58%	1.63%	1.7%	1.4%	1.56%	1.5%				1.34%	1.58%	1.69%	1.0%	4.88%
Operating Expenses	$906.2M	$737.4M	$258.4M	$266.5M	$244.1M	$246.6M	$248.4M	$726.5M	$826.5M	$695.4M	$209.8M	$200.1M	$179.2M	$533.7M	$517.4M	$542.8M	$545.2M	$516.1M	$532.3M	$570.1M	$551.6M	$510.3M	$479.2M	$389.0M
YoY Change	22.89%	185.4%	-3.04%	9.15%	-1.02%	-0.72%	-65.8%	-12.1%	18.85%	231.52%	4.81%	11.71%	-66.43%	3.15%	-4.68%	-0.44%	5.64%	-3.04%	-6.63%	3.35%	8.09%	6.49%	23.19%	23.57%
Operating Profit	-$617.6M	-$431.9M	$164.8M	$175.2M	$123.8M	$104.3M	$86.79M				$87.78M	$81.51M	$14.36M	-$281.8M	-$271.7M
YoY Change	43.01%	-362.06%	-5.95%	41.56%	18.62%	20.22%					7.69%	467.59%	-105.1%	3.71%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000
Interest Expense	$818.0K	$524.0K	$522.0K	$440.0K	$90.00K	$90.00K	$90.00K	$3.100M	$2.300M	$800.0K	$89.00K	$88.00K	$88.00K	$88.00K	$135.0K	-$100.0K	-$100.0K	-$100.0K	-$900.0K	-$700.0K	-$600.0K	-$7.300M	-$2.400M	-$1.100M
YoY Change	56.11%	0.38%	18.64%	388.89%	0.0%	0.0%	-97.1%	34.78%	187.5%	798.88%	1.14%	0.0%	0.0%	-34.81%	-235.0%	0.0%	0.0%	-88.89%	28.57%	16.67%	-91.78%	204.17%	118.18%	-21.43%
% of Operating Profit			0.32%	0.25%	0.07%	0.09%	0.1%				0.1%	0.11%	0.61%
Other Income/Expense, Net	$6.836M	$330.0K
YoY Change	1971.52%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000
Pretax Income	$24.42M	$59.58M	$164.3M	$174.8M	$123.7M	$104.3M	$86.70M	$93.30M	-$28.60M	$83.30M	$87.69M	$81.42M	$14.27M	$78.96M	$74.39M	$98.10M	$124.8M	$164.5M	$138.2M	$65.60M	$39.50M	$11.70M	$0.00	$27.50M
YoY Change	-59.01%	-63.73%	-6.01%	41.31%	18.64%	20.24%	-7.07%	-426.22%	-134.33%	-5.0%	7.69%	470.48%	-81.92%	6.14%	-24.17%	-21.39%	-24.13%	19.03%	110.67%	66.08%	237.61%		-100.0%	10.0%
Income Tax	$5.545M	$13.02M	$33.56M	$36.56M	$24.08M	$21.06M	$24.31M	$28.70M	-$14.80M	$24.00M	$26.34M	$23.35M	$571.0K	$22.62M	$20.24M	$27.90M	$37.40M	$52.60M	$43.10M	$20.60M	$11.10M	$1.300M	$0.00	$8.300M
% Of Pretax Income	22.71%	21.85%	20.43%	20.92%	19.47%	20.2%	28.04%	30.76%		28.81%	30.03%	28.68%	4.0%	28.64%	27.21%	28.44%	29.97%	31.98%	31.19%	31.4%	28.1%	11.11%		30.18%
Net Earnings	$18.88M	$46.56M	$130.7M	$138.2M	$99.60M	$83.20M	$62.39M	$64.60M	-$13.90M	$59.40M	$61.40M	$58.07M	$13.70M	$56.34M	$54.15M	$70.30M	$87.40M	$111.9M	$95.20M	$45.00M	$28.50M	$10.50M	$117.5M	$19.30M
YoY Change	-59.46%	-64.38%	-5.43%	38.76%	19.72%	33.35%	-3.43%	-564.75%	-123.4%	-3.26%	5.73%	323.81%	-75.68%	4.04%	-22.97%	-19.57%	-21.89%	17.54%	111.56%	57.89%	171.43%	-91.06%	508.81%	18.4%
Net Earnings / Revenue	2.03%	5.84%	14.77%	16.33%	11.35%	9.95%	7.43%	7.91%	-1.75%	7.64%	8.24%	8.25%	2.08%	9.2%	9.15%	10.97%	13.04%	16.44%	14.18%	7.07%	4.82%	1.98%	24.4%	4.62%
Basic Earnings Per Share	$1.28	$3.17	$8.85	$9.25	$6.52	$5.48	$4.13				$4.00	$3.80	$0.90	$3.74	$3.49
Diluted Earnings Per Share	$1.28	$3.15	$8.80	$9.18	$6.46	$5.43	$4.10	$4.307M	-$932.9K	$3.934M	$3.98	$3.80	$0.90	$3.74	$3.48	$4.313M	$5.362M	$6.994M	$5.950M	$2.903M	$1.863M	$840.0K	$9.400M	$1.544M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000
Cash & Short-Term Investments
YoY Change
Cash & Equivalents	$38.15M	$25.30M	$63.60M	$53.80M	$44.40M	$37.60M	$41.70M	$20.10M	$47.50M	$42.50M	$55.90M	$35.40M	$37.90M	$40.30M	$74.50M	$60.50M	$46.30M	$26.30M	$163.0M	$155.7M	$26.30M	$34.80M	$12.30M	$13.70M
Short-Term Investments
Other Short-Term Assets												$16.20M	$14.00M	$12.50M	$13.70M	$21.60M	$28.80M	$33.00M	$37.20M	$43.40M	$33.50M	$31.00M	$23.10M	$19.90M
YoY Change												15.71%	12.0%	-8.76%	-36.57%	-25.0%	-12.73%	-11.29%	-14.29%	29.55%	8.06%	34.2%	16.08%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$256.7M	$192.5M	$171.0M	$179.1M	$193.4M	$190.1M	$190.6M	$187.7M	$178.6M	$175.5M	$169.3M	$81.40M	$77.70M	$75.30M	$85.40M	$114.2M	$126.1M	$126.5M	$136.8M	$146.5M	$156.0M	$140.1M	$141.0M	$150.7M
YoY Change	33.31%	12.63%	-4.55%	-7.39%	1.74%	-0.26%	1.55%	5.1%	1.77%	3.66%	107.99%	4.76%	3.19%	-11.83%	-25.22%	-9.44%	-0.32%	-7.53%	-6.62%	-6.09%	11.35%	-0.64%	-6.44%
Property, Plant & Equipment	$31.48M	$41.46M	$50.56M	$53.10M	$54.00M	$15.60M	$9.900M	$8.900M	$8.400M	$8.300M	$10.70M	$9.100M	$10.00M	$8.900M	$9.000M	$11.40M	$8.100M	$2.000M	$1.000M	$1.000M	$1.300M	$600.0K	$0.00	$4.000M
YoY Change	-24.09%	-17.99%	-4.79%	-1.67%	246.15%	57.58%	11.24%	5.95%	1.2%	-22.43%	17.58%	-9.0%	12.36%	-1.11%	-21.05%	40.74%	305.0%	100.0%	0.0%	-23.08%	116.67%		-100.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$1.459B	$1.437B	$1.605B	$1.538B	$1.473B	$1.361B	$1.335B	$1.305B	$1.233B	$1.279B	$1.221B	$1.205B	$1.122B	$1.101B	$1.052B	$1.035B	$1.035B	$966.8M	$729.2M	$688.3M	$700.6M	$628.9M	$528.7M	$507.2M
YoY Change	1.57%	-10.46%	4.34%	4.43%	8.18%	1.95%	2.31%	5.86%	-3.63%	4.76%	1.33%	7.39%	1.98%	4.62%	1.67%	-0.05%	7.07%	32.58%	5.94%	-1.76%	11.4%	18.95%	4.24%
Other Assets	$12.15M	$21.07M			$0.00	$8.700M	$0.00	$3.100M	$4.400M	$0.00	$4.000M			$3.600M	$8.300M	$19.00M	$13.40M	$16.90M	$18.10M	$12.70M	$8.700M	$6.600M	$20.80M	$17.00M
YoY Change	-42.35%				-100.0%		-100.0%	-29.55%		-100.0%				-56.63%	-56.32%	41.79%	-20.71%	-6.63%	42.52%	45.98%	31.82%	-68.27%	22.35%
Total Long-Term Assets	$1.837B	$1.780B	$1.946B	$1.875B	$1.829B	$1.666B	$1.617B	$1.571B	$1.525B	$1.500B	$1.456B	$1.493B	$1.395B	$1.364B	$1.342B	$1.324B	$1.321B	$1.229B	$1.121B	$1.060B	$920.3M	$838.5M	$718.2M	$682.6M
YoY Change	3.22%	-8.55%	3.8%	2.51%	9.8%	3.06%	2.94%	2.96%	1.67%	3.02%	-2.46%	7.03%	2.24%	1.62%	1.42%	0.2%	7.46%	9.66%	5.76%	15.17%	9.76%	16.75%	5.22%
Total Assets	$2.094B	$1.973B	$2.117B	$2.054B	$2.023B	$1.856B	$1.807B	$1.758B	$1.704B	$1.676B	$1.626B	$1.574B	$1.473B	$1.440B	$1.428B	$1.438B	$1.447B	$1.356B	$1.258B	$1.206B	$1.076B	$978.6M	$859.2M	$833.3M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$19.76M	$23.34M	$27.12M	$31.00M	$34.00M																		$2.700M	$0.00
YoY Change	-15.34%	-13.94%	-12.53%	-8.82%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$85.85M	$100.3M	$120.2M	$117.6M	$115.4M	$83.10M	$64.90M	$73.50M	$62.30M	$70.70M	$79.80M	$68.10M	$52.00M	$54.20M	$63.80M	$51.10M	$50.10M	$48.70M	$44.40M	$58.20M	$37.50M	$52.00M	$43.50M	$45.50M
YoY Change	-14.4%	-16.55%	2.2%	1.91%	38.87%	28.04%	-11.7%	17.98%	-11.88%	-11.4%	17.18%	30.96%	-4.06%	-15.05%	24.85%	2.0%	2.87%	9.68%	-23.71%	55.2%	-27.88%	19.54%	-4.4%
Long-Term Debt	$30.00M	$35.00M	$30.00M	$30.00M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$300.0K	$20.40M	$20.60M	$20.00M	$99.50M	$13.80M
YoY Change	-14.29%	16.67%	0.0%															-100.0%	-98.53%	-0.97%	3.0%	-79.9%	621.01%
Other Long-Term Liabilities	$26.71M	$30.85M	$31.46M	$6.600M	$27.50M	$22.10M	$22.30M	$22.20M	$29.60M	$15.10M	$17.70M	$19.60M	$22.40M	$15.70M	$16.80M	$17.80M	$17.90M	$16.30M	$19.80M	$16.80M	$20.00M	$19.40M	$19.00M	$16.80M
YoY Change	-13.43%	-1.92%	376.64%	-76.0%	24.43%	-0.9%	0.45%	-25.0%	96.03%	-14.69%	-9.69%	-12.5%	42.68%	-6.55%	-5.62%	-0.56%	9.82%	-17.68%	17.86%	-16.0%	3.09%	2.11%	13.1%
Total Long-Term Liabilities	$56.71M	$65.85M	$61.46M	$36.60M	$27.50M	$22.10M	$22.30M	$22.20M	$29.60M	$15.10M	$17.70M	$19.60M	$22.40M	$15.70M	$16.80M	$17.80M	$17.90M	$16.30M	$20.10M	$37.20M	$40.60M	$39.40M	$118.5M	$30.60M
YoY Change	-13.88%	7.15%	67.92%	33.09%	24.43%	-0.9%	0.45%	-25.0%	96.03%	-14.69%	-9.69%	-12.5%	42.68%	-6.55%	-5.62%	-0.56%	9.82%	-18.91%	-45.97%	-8.37%	3.05%	-66.75%	287.25%
Total Liabilities	$1.290B	$1.161B	$1.190B	$1.170B	$1.214B	$1.138B	$1.106B	$1.088B	$1.059B	$967.4M	$930.3M	$880.0M	$816.2M	$786.0M	$807.4M	$834.4M	$877.0M	$859.4M	$869.7M	$901.1M	$808.3M	$733.3M	$727.5M	$620.4M
YoY Change	11.13%	-2.49%	1.76%	-3.68%	6.74%	2.83%	1.73%	2.65%	9.51%	3.99%	5.72%	7.82%	3.84%	-2.65%	-3.24%	-4.86%	2.05%	-1.18%	-3.48%	11.48%	10.23%	0.8%	17.26%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Basic Shares Outstanding	14.66M	14.61M	14.83M	15.00M	15.20M	15.08M	15.01M	14.95M	14.87M	15.11M	15.35M shares	15.29M shares	15.17M shares	15.07M shares	15.53M shares
Diluted Shares Outstanding	14.71M	14.71M	14.93M	15.12M	15.34M	15.23M	15.14M				15.40M shares	15.30M shares	15.18M shares	15.08M shares	15.55M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.2774 Billion

About SAFETY INSURANCE GROUP INC

Safety Insurance Group, Inc. engages in the management and provision of insurance services. The company is headquartered in Boston, Massachusetts and currently employs 539 full-time employees. The company went IPO on 2002-11-22. In addition to these coverages, it offers a portfolio of a portfolio of other insurance products, including dwelling fire, umbrella, and business owner policies. Its product line includes private passenger automobile, commercial automobile, homeowners, business owner policies, personal umbrella, dwelling fire, commercial umbrella, inland marine, and Watercraft. Private passenger automobile and commercial automobile polices provide coverage for bodily injury and property damage to others, no-fault personal injury coverage, and physical damage coverage for an insured's own vehicle for collision or other perils. Homeowners write policies on homes, condominiums, and apartments. Inland marine provides additional coverage for jewelry, fine arts, and other items that a homeowner. Business owner policies serve small and medium-sized commercial accounts.

Industry: Fire, Marine & Casualty Insurance Peers: AMERISAFE INC Employers Holdings, Inc. Palomar Holdings, Inc. KEMPER Corp Lemonade, Inc. MERCURY GENERAL CORP PROASSURANCE CORP PROGRESSIVE CORP/OH/ STEWART INFORMATION SERVICES CORP