Safety Insurance Group

"The key to our success: Service." "The key to our customers' success: Safety." Safety Insurance was founded in 1979 with a belief that we would succeed as a company if customers were given the best possible service. As we've grown and expanded our product line to include a full range of property and casualty insurance products, staying committed to that belief has meant even more. At Safety, we distribute our products exclusively through independent agents and we do everything in our power to make it easy for our agents and policyholders to do business with us. Today, Safety is the third largest private passenger automobile carrier, the third largest commercial automobile carrier, and the seventh largest homeowners carrier in Massachusetts. We also have a growing presence in the New Hampshire marketplace with personal and business products. Together with our agents and partners, Safety Insurance remains a preferred provider of auto, homeowner and business insurance. We will continue this tradition in the future together with our policy holders, agents and partners. Safety has consistently received an "A" (Excellent) rating from A.M. Best for our financial strength.
Company Growth (employees)
Type
Public
HQ
Boston, US
Founded
1979
Size (employees)
643 (est)
Safety Insurance Group was founded in 1979 and is headquartered in Boston, US

Safety Insurance Group Office Locations

Safety Insurance Group has an office in Boston
Boston, US (HQ)
20 Custom House St

Safety Insurance Group Financials and Metrics

Safety Insurance Group Financials

Safety Insurance Group's revenue was reported to be $819.8 m in FY, 2016
USD

Revenue (Q3, 2017)

212.5 m

Net income (Q3, 2017)

18 m

Market capitalization (13-Nov-2017)

1.2 b

Cash (30-Sep-2017)

31.9 m
Safety Insurance Group's current market capitalization is $1.2 b.
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

612.7 m660.2 m703.9 m745.3 m778.8 m798 m819.8 m

Revenue growth, %

8%7%6%4%2%3%

EBIT

87.7 m83.3 m(918 k)

EBIT margin, %

12%11%(0%)
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

187.7 m191.1 m192.9 m196.1 m198 m197.6 m201.3 m199.8 m203 m210.1 m204.8 m208.2 m212.5 m

Operating expense total

162.1 m174.3 m163 m174.1 m260.4 m199.2 m182.6 m182 m172.7 m183.4 m188.1 m178.1 m186.8 m

Interest expense

23 k22 k23 k22 k22 k23 k22 k22 k23 k22 k22 k23 k22 k

Pre tax profit

25.5 m16.8 m30 m22 m(62.4 m)(1.6 m)18.7 m17.9 m30.3 m26.7 m16.6 m30.2 m25.7 m
USDY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016

Cash

74.5 m40.3 m37.9 m35.4 m55.9 m42.5 m47.5 m20.1 m

Inventories

1.3 b

Total Assets

1.6 b1.7 b1.7 b1.8 b

Accounts Payable

66.8 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

38.3 m15.7 m37.7 m28.4 m25.3 m21.3 m43.2 m35.9 m44.1 m52.3 m32.2 m34.3 m31.9 m

Accounts Receivable

(18.1 m)

Inventories

1.2 b1.2 b1.2 b1.2 b1.3 b1.2 b1.2 b1.2 b1.2 b1.3 b1.3 b1.3 b

Total Assets

1.6 b1.6 b1.7 b1.7 b1.7 b1.7 b1.7 b1.7 b1.8 b1.8 b1.8 b1.8 b1.9 b
    USDFY, 2013FY, 2014FY, 2015FY, 2016

    Net Income

    61.4 m59.4 m(13.9 m)64.6 m

    Accounts Receivable

    (3.6 m)(6.2 m)(3 m)(9.1 m)

    Cash From Operating Activities

    110.9 m97.6 m22.9 m98.8 m

    Cash From Investing Activities

    (51.3 m)(48.5 m)23.8 m(84.3 m)
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

    Net Income

    49.7 m12.1 m33.5 m49 m(35.1 m)(1.1 m)(24.1 m)12.7 m34 m52.6 m12 m33.1 m18 m

    Accounts Receivable

    (19.8 m)(5.8 m)(21.8 m)(21.8 m)(1.6 m)(16.5 m)(18.2 m)(104 k)(16.9 m)(21.1 m)3.8 m(14.2 m)(18.1 m)

    Cash From Operating Activities

    65.1 m24.6 m65.6 m(10.1 m)(35.4 m)(10.8 m)2.2 m29.9 m75.8 m876 k17.2 m50.1 m

    Cash From Investing Activities

    (1.1 m)(41 m)35.1 m42.9 m(3.3 m)(12.4 m)(39.6 m)22 m18.3 m(4.8 m)
      Y, 2017

      Financial Leverage

      2.6 x
      Show all financial metrics

      Safety Insurance Group Operating Metrics

      Safety Insurance Group's Reported Claims, units was reported to be 192.7 k in FY, 2016, which is a 20% decrease from the previous period
      FY, 2014FY, 2015FY, 2016

      Reported Claims, units

      213.65 k239.56 k192.68 k
      Show all operating metrics

      Safety Insurance Group Market Value History

      Safety Insurance Group's Web-traffic and Trends

      Safety Insurance Group Online and Social Media Presence

      Safety Insurance Group Company Life and Culture

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