SAFT

Safety Insurance Group, Inc.

$79.38

1.5

(1.93%)

Exchange:	NASDAQ
Market Cap:	1.182B
Shares Outstanding:	780300

Overview

Earnings

Financials

Valuation

Chart

About The Company

Safety Insurance Group, Inc. provides private passenger and commercial automobile, and homeowner insurance in the United States. The company’s private passenger automobile policies offer coverage for bodily injury and property damage to others, no-fault personal injury coverage for the insured/insured’s car occupants, and physical damage coverage for an insured’s own vehicle for collision or other perils. It also provides commercial automobile policies that offer insurance for commercial vehicles used for business purposes, including private passenger-type vehicles, trucks, tractors and trailers, insure individual vehicles, and commercial fleets; and homeowners policies, which provide coverage for homes, condominiums, and apartments for losses to a dwelling and its contents from various perils, and coverage for liability to others arising from ownership or occupancy. In addition, the company offers business owners policies that cover apartments and residential condominiums, restaurants, office condominiums, processing and services businesses, special trade contractors, and wholesalers. Further, it provides personal umbrella policies, which provide personal excess liability coverage over and above the limits of individual automobile, watercraft, and homeowner’s insurance policies; and commercial umbrella and business owner policies, as well as underwrites dwelling fire insurance for non-owner-occupied residences. Additionally, the company offers inland marine coverage for homeowners and business owner policies, and watercraft coverage for small and medium sized pleasure crafts. It distributes its products through independent agents. The company was formerly known as Safety Holdings Inc and changed its name to Safety Insurance Group, Inc. in April 2002. Safety Insurance Group, Inc. was founded in 1979 and is headquartered in Boston, Massachusetts.

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Revenue Segmentation

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EPS

View full analyst estimates

Earnings Call

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Income Statement

Balance Sheet

Cash Flow Statement

Analyst Estimates

Income Statement

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Revenue	795,566	816,637	837,031	829,582	875,816	840,401	864,719	785,061	930,956	1,120,017
? Cost Of Revenue	0	0	0	0	0	0	0	0	0	0
? Gross Profit	795,566	816,637	837,031	829,582	875,816	840,401	864,719	785,061	930,956	1,120,017
? Research And Development Expenses	0	0	0	0	0	0	0	0	0	0
? General And Administrative Expenses	0	0	0	0	0	0	0	0	0	0
? Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0
? Operating Expenses	827,000	726,000	752,000	732,000	-752,135	-665,631	-700,449	245,145	925,946	1,109,737
? Net Interest Income	0	0	0	0	0	0	0	0	0	0
? Interest Income	42,241	40,469	40,428	45,550	48,192	42,798	42,603	47,693	0	0
? Interest Expense	90	90	90	90	90	440	522	524	818	509
? Depreciation And Amortization	12,597	14,073	5,037	5,464	5,485	7,527	6,896	7,876	8,656	0
? EBITDA	-16,360	98,294	91,827	0	129,256	182,737	171,688	0	28,354	61,507
? EBIT
? Operating Income	-28,645	93,282	86,790	104,341	123,681	174,770	164,270	60,269	12,319	61,507
? Income Before Tax	-28,645	93,282	86,700	104,251	123,681	174,770	164,270	59,581	24,420	89,866
? Income Tax Expense	-14,792	28,697	24,313	21,056	24,080	36,559	33,560	13,020	5,545	19,132
? Net Income From Continuing Operations
? Net Income	-13,853	64,585	62,387	83,195	99,601	138,211	130,710	46,561	18,875	70,734
? EPS (Earnings Per Share)	-0.930	4.290	4.130	5.520	6.520	9.250	8.850	3.190	1.280	4.840
? EPS Diluted	-0.930	4.270	4.100	5.460	6.460	9.180	8.800	3.170	1.280	4.830
? Weighted Average Shares Outstanding	14,866.607	14,946.453	15,010.751	15,080.269	15,201.132	15,002.755	14,828.736	14,607.483	14,663.730	14,692.089
? Weighted Average Shares Outstanding Diluted	14,866.607	15,032.263	15,135.348	15,229.898	15,337.807	15,119.027	14,925.726	14,710.611	14,710.131	14,717.118
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Balance Sheet

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Cash And Cash Equivalents	47,494	20,052	41,708	37,582	44,407	53,769	63,603	25,300	38,152	58,974
? Short Term Investments	1,081,637	1,154,269	1,172,026	1,161,862	1,228,040	1,257,094	1,218,279	1,050,155	31,048	553,389
? Cash And Short Term Investments	1,129,131	1,174,321	1,213,734	1,199,444	1,272,447	1,310,863	1,281,882	1,075,455	38,152	58,974
? Net Receivables	178,567	0	190,649	190,062	329,847	300,480	290,618	299,801	0	306,465
? Accounts Receivables
? Inventory	0	0	0	0	-296,113	-351,564	-298,565	14,150	0	0
? Total Current Assets	226,061	187,696	232,357	227,644	1,602,294	1,611,343	1,572,500	1,621,002	38,152	365,439
? Property Plant Equipment Net	8,418	8,946	9,867	15,584	33,998	31,000	27,115	23,336	31,476	15,733
? Goodwill	-73,367	-74,079	-75,119	-82,104	1,359,671	1,400,775	1,422,075	17,093	17,093	17,093
? Intangible Assets	68,937	70,996	72,202	73,355	74,287	74,962	73,024	7,856	7,551	7,730
? Long Term Investments	1,191,841	1,259,364	1,283,893	1,309,873	1,405,677	1,462,348	1,483,224	1,290,310	1,558,059	959,670
? Total Non Current Assets	268,365	269,992	267,867	295,242	1,439,675	1,493,348	1,510,339	69,359	2,055,852	40,556
? Total Assets	1,703,869	1,758,246	1,807,279	1,856,240	2,022,669	2,054,273	2,117,391	1,972,569	2,094,004	2,270,090
? Account Payables	65,269	80,307	74,502	84,116	87,927	87,722	85,790	85,319	80,176	96,350
? Short Term Debt	0	0	0	0	0	31,000	0	35,000	4,598	45,733
? Deferred Revenue	0	0	0	0	53,929	0	0	0	0	0
? Total Current Liabilities	58,152	69,888	63,618	80,645	87,927	117,722	115,790	25,065	499,731	150,041
? Long Term Debt	0	0	0	0	33,998	30,000	57,115	0	45,158	0
? Deferred Revenue Non Current	0	0	0	0	0	0	0	-23,698	0	0
? Deferred Tax Liabilities Non Current	38,734	40,177	2,917	20,355	5,717	17,611	15,240	23,698	29,173	0
? Total Non Current Liabilities	4,430	1,110	2,917	6,090	39,715	78,611	72,355	1,135,505	661,080.999	1,394,884
? Total Liabilities	1,059,370	1,087,520	1,106,263	1,137,596	1,214,263	1,169,594	1,190,218	1,160,570	1,289,737	1,441,626
? Treasury Stock
? Preferred Stock	0	157	0	0	0	0	0	0	0	0
? Common Stock	174	174	175	176	177	178	178	179	179	180
? Retained Earnings	531,800	553,995	570,693	616,717	661,553	745,029	821,743	815,309	781,192	798,760
? Additional Paid In Capital
? Total Stockholders Equity	644,499	670,726	701,016	718,644	808,406	884,679	927,173	811,999	804,267	828,464
? Total Equity	644,499	670,726	701,016	718,644	808,406	884,679	927,173	811,999	804,267	828,464
? Minority Interest	0	0	0	0	0	0	0	0	0	0
? Total Liabilities And Total Equity	1,703,869	1,758,246	1,807,279	1,856,240	2,022,669	2,054,273	2,117,391	1,972,569	2,094,004	2,270,090
? Total Investments	1,209,443	1,280,506	1,307,055	1,333,354	1,442,955	1,507,587	1,571,135	1,403,160	1,589,107	1,513,059
? Total Debt	0	0	0	0	33,998	61,000	57,115	58,336	49,756	45,733
? Net Debt	-47,494	-20,052	-41,708	-37,582	-10,409	7,231	-6,488	33,036	11,604	-13,241
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Cash Flow Statement

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Net Income	-13,853	64,585	62,387	83,195	99,601	138,211	130,710	46,561	18,875	70,734
? Depreciation And Amortization	12,597	14,073	5,037	5,467	5,485	7,527	6,896	6,610	6,949	719
? Deferred Income Tax	552	1,681	2,085	-5,600	4,757	5,159	5,323	-8,371	1,655	380
? Stock Based Compensation	3,727	4,303	5,166	6,579	6,030	7,459	6,292	5,980	4,332	4,484
? Change In Working Capital	24,717	26,431	8,265	20,101	16,106	-43,153	33,213	-34,941	33,546.999	0
? Accounts Receivables	-44,756	-13,124	2,414	-13,641	-14,909	28,170	19,036	-19,070	-83,515	-49,778
? Inventory	-89,907	-94,276	-156,854	-122,354	0	0	17,326	0	124,310.999	0
? Accounts Payables	-8,529	16,023	-6,034	9,097	4,086	-365	-1,920	-428	-4,844	13,200
? Net Cash Provided By Operating Activities	22,891	98,824	82,040	127,691	112,456	109,460	141,394	44,326	52,114	128,688
? Investments In Property Plant And Equipment	-4,041	-4,910	-5,958	-11,183	-9,594	-9,946	-8,225	-2,092	-1,783	-4,366
? Acquisitions Net	-54,544	49,282	-18,474	4,989	14,784	-23,748	-1,532	-17,586	-2,112	-2,065
? Purchases Of Investments	-258,810	-330,519	-240,158	-378,134	-263,255	-278,904	-447,671	-287,488	-161,589	-55,920
? Sales Maturities Of Investments	286,696	251,177	231,192	306,313	219,885	253,326	389,907	287,178	189,753	0
? Net Cash Provided By Investing Activities	0	0	0	0	0	0	0	0	0	0
? Net Debt Issuance	0	0	0	0	0	0	0	0	0	0
? Long Term Net Debt Issuance	0	0	0	0	0	0	0	0	0	0
? Short Term Net Debt Issuance	0	0	0	0	0	0	0	0	0	0
? Net Stock Issuance	0	0	0	0	0	0	0	0	0	0
? Net Dividends Paid	-41,976	-42,265	-45,460	-48,813	-52,667	-54,575	-54,008	-53,038	-53,291	-53,325
? Common Dividends Paid
? Preferred Dividends Paid	0	0	0	0	0	0	0	0	0	0
? Net Cash Provided By Financing Activities	-41,697	-42,014	-45,460	-48,813	-52,667	-64,574	-65,571	-62,641	-63,531	-53,325
? Effect Of Forex Changes On Cash	0	0	0	0	0	0	0	0	0	0
? Net Change In Cash	5,039	-27,442	21,656	-4,126	6,825	9,362	9,834	-38,303	12,852	20,822
? Cash At End Of Period	47,494	20,052	41,708	37,582	44,407	53,769	63,603	25,300	38,152	58,974
? Cash At Beginning Of Period	42,455	47,494	20,052	41,708	37,582	44,407	53,769	63,603	25,300	38,152
? Operating Cash Flow	22,891	98,824	82,040	127,691	112,456	109,460	141,394	44,326	52,114	128,688
? Capital Expenditure	-4,041	-4,910	-5,958	-11,183	-9,594	-9,946	-8,225	-2,092	-1,783	-4,366
? Free Cash Flow	18,850	93,914	76,082	116,508	102,862	99,514	133,169	42,234	50,331	124,322
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Analyst Estimates

(* All numbers are in thousands)

Fiscal Year	2022	2023	2024	2025	2026
Estimated Revenue (Low)	735,165.499	930,956	1,120,017	1,211,224.964	1,309,860.399
Estimated Revenue (High)	1,102,748.250	930,956	1,120,017	1,211,224.964	1,309,860.399
Estimated Revenue (Avg)	918,956.875	930,956	1,120,017	1,211,224.964	1,309,860.399
Estimated Ebitda (Low)	140,513.402	154,564.740	112,306.563	121,452.186	131,342.577
Estimated Ebitda (High)	210,770.101	231,847.109	112,306.563	121,452.186	131,342.577
Estimated Ebitda (Avg)	175,641.752	193,205.925	112,306.563	121,452.186	131,342.577
Estimated Net Income (Low)	107,850.686	118,635.754	64,795.059	88,358.639	103,049.267
Estimated Net Income (High)	161,776.030	177,953.632	64,795.059	88,358.639	103,049.267
Estimated Net Income (Avg)	134,813.358	148,294.693	64,795.059	88,358.639	103,049.267
Estimated SGA Expense (Low)	0	0	0	0	0
Estimated SGA Expense (High)	0	0	0	0	0
Estimated SGA Expense (Avg)	0	0	0	0	0
Estimated EPS (Avg)	5.150	1.300	4.400	6	7
Estimated EPS (High)	5.150	1.300	4.400	6	7
Estimated EPS (Low)	5.150	1.300	4.400	6	7
Number of Analysts (Estimated Revenue)	7	1	1	1	1
Number of Analysts (Estimated EPS)	1	1	1	1	1

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Current Key Metrics

?	Revenue (TTM) :	1.106B	?	P/S (TTM) :	1.01
?	Net Income (TTM) :	70.734M	?	P/E (TTM) :	15.8
?	Enterprise Value (TTM) :	1.14B	?	EV/FCF (TTM) :	7.53
?	Dividend Yield (TTM) :	0.05	?	Payout Ratio (TTM) :	0.73
?	ROE (TTM) :	0.09	?	ROIC (TTM) :	0.17
?	Net Debt (TTM) :	-13241000	?	Debt/Equity (TTM) :	0.05
?	P/B (TTM) :	1.35	?	Current Ratio (TTM) :	23.35

Forward P/E Ratios

?

Forward P/E calculated based on:

Forward P/E 1Y	Forward P/E 2Y	Forward P/E 3Y	Forward P/E 4Y	Forward P/E 5Y
15.41	61.06	18.04	13.23	11.34

SWOT Analysis

No SWOT analysis available for this stock.

SAFT

1.93

1.68

-2.74

3.74

-2.33

3.82

6.11

Trading Metrics:

Open:	77.9	Previous Close:	77.88
Day Low:	77.9	Day High:	79.49
Year Low:	70.71	Year High:	90
Price Avg 50:	79.14	Price Avg 200:	80.35
Volume:	47346	Average Volume:	57572

SAFT

Safety Insurance Group, Inc.

About The Company

Revenue Segmentation

EPS

Earnings Call

Income Statement

Balance Sheet

Cash Flow Statement

Analyst Estimates

Current Key Metrics

Forward P/E Ratios

SWOT Analysis

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