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SAFETY INSURANCE GROUP INC

SAFT Clue Score52
United States Fiscal year ends December CIK 0001172052
$103.82 -0.12% Close, 9 Oct 2026
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Price $103.82 +28.09% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2016Revenue819.8Net income64.6EPS, diluted4.27Fiscal year 2017Revenue839.1 +2.4%Net income62.4 −3.4%EPS, diluted4.10 −4.0%Fiscal year 2018Revenue836.5 −0.3%Net income83.2 +33.4%EPS, diluted5.43 +32.4%Fiscal year 2019Revenue877.8 +4.9%Net income99.6 +19.7%EPS, diluted6.46 +19.0%Fiscal year 2020Revenue846.2 −3.6%Net income138.2 +38.8%EPS, diluted9.18 +42.1%Fiscal year 2021Revenue884.9 +4.6%Net income130.7 −5.4%EPS, diluted8.80 −4.1%Fiscal year 2022Revenue797.6 −9.9%Net income46.6 −64.4%EPS, diluted3.15 −64.2%Fiscal year 2023Revenue931.0 +16.7%Net income18.9 −59.5%EPS, diluted1.28 −59.4%Fiscal year 2024Revenue1,120.0 +20.3%Net income70.7 +274.7%EPS, diluted4.78 +273.4%Fiscal year 2025Revenue1,263.7 +12.8%Net income99.3 +40.3%EPS, diluted6.70 +40.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 819.8 839.1 836.5 877.8 846.2 884.9 797.6 931.0 1,120.0 1,263.7
Growth +2.4% −0.3% +4.9% −3.6% +4.6% −9.9% +16.7% +20.3% +12.8%
Net income 64.6 62.4 83.2 99.6 138.2 130.7 46.6 18.9 70.7 99.3
Growth −3.4% +33.4% +19.7% +38.8% −5.4% −64.4% −59.5% +274.7% +40.3%
EPS, diluted 4.27 4.10 5.43 6.46 9.18 8.80 3.15 1.28 4.78 6.70
Growth −4.0% +32.4% +19.0% +42.1% −4.1% −64.2% −59.4% +273.4% +40.2%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2016Net margin7.9%Free cash flow margin11.5%Fiscal year 2017Net margin7.4%Free cash flow margin9.1%Fiscal year 2018Net margin9.9%Free cash flow margin13.9%Fiscal year 2019Net margin11.3%Free cash flow margin11.7%Fiscal year 2020Net margin16.3%Free cash flow margin11.8%Fiscal year 2021Net margin14.8%Free cash flow margin15.0%Fiscal year 2022Net margin5.8%Free cash flow margin5.3%Fiscal year 2023Net margin2.0%Free cash flow margin5.4%Fiscal year 2024Net margin6.3%Free cash flow margin11.1%Fiscal year 2025Net margin7.9%Free cash flow margin15.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net margin 7.9% 7.4% 9.9% 11.3% 16.3% 14.8% 5.8% 2.0% 6.3% 7.9%
Free cash flow margin 11.5% 9.1% 13.9% 11.7% 11.8% 15.0% 5.3% 5.4% 11.1% 15.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow98.8Capital expenditure−4.9Free cash flow93.9Dividends paid−42.3Fiscal year 2017Operating cash flow82.0Capital expenditure−6.0Free cash flow76.1 −19.0%Dividends paid−45.5Fiscal year 2018Operating cash flow127.7Capital expenditure−11.2Free cash flow116.5 +53.1%Dividends paid−48.8Fiscal year 2019Operating cash flow112.5Capital expenditure−9.6Free cash flow102.9 −11.7%Dividends paid−52.7Fiscal year 2020Operating cash flow109.5Capital expenditure−9.9Free cash flow99.5 −3.3%Dividends paid−54.6Fiscal year 2021Operating cash flow141.4Capital expenditure−8.2Free cash flow133.2 +33.8%Dividends paid−54.0Fiscal year 2022Operating cash flow44.3Capital expenditure−2.1Free cash flow42.2 −68.3%Dividends paid−53.0Fiscal year 2023Operating cash flow52.1Capital expenditure−1.8Free cash flow50.3 +19.2%Dividends paid−53.3Fiscal year 2024Operating cash flow128.7Capital expenditure−4.4Free cash flow124.3 +147.0%Dividends paid−53.3Fiscal year 2025Operating cash flow194.5Capital expenditure−2.5Free cash flow192.0 +54.4%Dividends paid−53.9
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 98.8 82.0 127.7 112.5 109.5 141.4 44.3 52.1 128.7 194.5
Capital expenditure −4.9 −6.0 −11.2 −9.6 −9.9 −8.2 −2.1 −1.8 −4.4 −2.5
Free cash flow 93.9 76.1 116.5 102.9 99.5 133.2 42.2 50.3 124.3 192.0
Growth −19.0% +53.1% −11.7% −3.3% +33.8% −68.3% +19.2% +147.0% +54.4%
Dividends paid −42.3 −45.5 −48.8 −52.7 −54.6 −54.0 −53.0 −53.3 −53.3 −53.9

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash20.1Shareholders’ equity670.7Fiscal year 2017Cash41.7Shareholders’ equity701.0Fiscal year 2018Cash37.6Shareholders’ equity718.6Fiscal year 2019Cash44.4Shareholders’ equity808.4Fiscal year 2020Cash53.8Shareholders’ equity884.7Fiscal year 2021Cash63.6Shareholders’ equity927.2Fiscal year 2022Cash25.3Shareholders’ equity812.0Fiscal year 2023Cash38.2Total debt30.0Net cash (debt)8.2Shareholders’ equity804.3Debt to equity0.04Fiscal year 2024Cash59.0Shareholders’ equity828.5Fiscal year 2025Cash73.9Total debt50.0Net cash (debt)23.9Shareholders’ equity892.3Debt to equity0.06
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 20.1 41.7 37.6 44.4 53.8 63.6 25.3 38.2 59.0 73.9
Total debt n/a n/a n/a n/a n/a n/a n/a 30.0 n/a 50.0
Net cash (debt) n/a n/a n/a n/a n/a n/a n/a 8.2 n/a 23.9
Shareholders’ equity 670.7 701.0 718.6 808.4 884.7 927.2 812.0 804.3 828.5 892.3
Debt to equity n/a n/a n/a n/a n/a n/a n/a 0.04 n/a 0.06

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
819.8 839.1 836.5 877.8 846.2 884.9 797.6 931.0 1,120.0 1,263.7
Growth +2.4% −0.3% +4.9% −3.6% +4.6% −9.9% +16.7% +20.3% +12.8%
93.3 86.7 104.3 123.7 174.8 164.3 59.6 24.4 89.9 126.7
28.7 24.3 21.1 24.1 36.6 33.6 13.0 5.5 19.1 27.4
64.6 62.4 83.2 99.6 138.2 130.7 46.6 18.9 70.7 99.3
Growth −3.4% +33.4% +19.7% +38.8% −5.4% −64.4% −59.5% +274.7% +40.3%
Per share
4.29 4.13 5.48 6.52 9.25 8.85 3.17 1.28 4.79 6.72
4.27 4.10 5.43 6.46 9.18 8.80 3.15 1.28 4.78 6.70
Growth −4.0% +32.4% +19.0% +42.1% −4.1% −64.2% −59.4% +273.4% +40.2%
14.9 15.0 15.1 15.2 15.0 14.8 14.6 14.7 14.7 14.7
15.0 15.1 15.2 15.3 15.1 14.9 14.7 14.7 14.7 14.7
Growth +0.7% +0.6% +0.7% −1.4% −1.3% −1.4% −0.0% +0.0% +0.2%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 8.4% a year over five years, and earnings per share fell 6.1% a year.
  • The diluted share count fell 2.5% in five years, so buybacks did some of the work per share.
  • Profitable in every one of the 10 years on file.