SAFETY INSURANCE GROUP INC

For the period ended Dec 31, 2024. Filed Feb 27, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 27, 2025

SAFT$104.27-0.1%Stored close · as of Nov 6, 2026

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Contents

Statements of Operations

Consolidated Statements of Operation****s

(Dollars in thousands, except per share data)


· · Years Ended December 31,
	2024		2023		2022

Net earned premiums		$1,010,704		$834,414		$758,505
Net investment income		55,720		56,377		46,725
Earnings from partnership investments		10,271		5,540		12,484
Net realized gains on investments		7,720		1,327		9,190
Change in net unrealized gains on equity securities		3,951		7,502		(44,386)
Credit loss benefit (expense)		9		(530)		14
Commission income		7,942		6,932		566
Finance and other service income		23,700		19,394		14,461
Total revenue		1,120,017		930,956		797,559

Losses and loss adjustment expenses		716,637		642,302		491,979
Underwriting, operating and related expenses		305,322		256,580		245,145
Other expense		7,683		6,836		330
Interest expense		509		818		524
Total expenses		1,030,151		906,536		737,978

Income before income taxes		89,866		24,420		59,581
Income tax expense		19,132		5,545		13,020
Net income		$70,734		$18,875		$46,561

Earnings per weighted average common share:
Basic		$4.79		$1.28		$3.17
Diluted		$4.78		$1.28		$3.15

Cash dividends paid per common share		$3.60		$3.60		$3.60

Number of shares used in computing earnings per share:
Basic		14,692,089		14,663,730		14,607,483
Diluted		14,717,118		14,710,131		14,710,611

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.