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.
Type
Public
HQ
Boston, US
Founded
1979
Size (employees)
643 (est)+4%
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 Data and Metrics

Safety Insurance Group Financial Metrics

Safety Insurance Group's revenue was reported to be $819.8 m in FY, 2016 which is a 3% increase from the previous period.
Numbers are in $, USD

Revenue (FY, 2016)

819.8 m

Revenue growth (FY, 2015 - FY, 2016), %

3%

Net income (FY, 2016)

64.6 m

Market capitalization (26-May-2017)

1 b

Closing share price (26-May-2017)

67

Cash (31-Dec-2016)

20.1 m
Safety Insurance Group's current market capitalization is $1 b.
Numbers are in $, 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%

Operating expense total

179.2 m200.1 m209.8 m219 m213.9 m726.5 m

EBIT

87.7 m83.3 m(918 k)

EBIT margin, %

12%11%(0%)

Interest expense

88 k88 k88 k89 k90 k90 k90 k

Pre tax profit

87.7 m83.3 m(28.6 m)93.3 m

Income tax expense

22.6 m571 k23.4 m26.3 m24 m(14.8 m)28.7 m

Net Income

61.4 m59.4 m(13.9 m)64.6 m
Numbers are in $, 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

Accounts Receivable

Inventories

Total Assets

1.6 b1.7 b1.7 b1.8 b

Accounts Payable

Additional Paid-in Capital

170.4 m175.6 m179.9 m184.5 m

Retained Earnings

567.8 m587.6 m531.8 m554 m

Total Equity

695.2 m708.3 m644.5 m670.7 m

Financial Leverage

2.3 x2.4 x2.6 x2.6 x
Numbers are in $, 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)

Inventories

Accounts Payable

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)

Dividends Paid

(36.9 m)(39.3 m)(42 m)(42.3 m)

Cash From Financing Activities

(39.1 m)(62.5 m)(41.7 m)(42 m)

Interest Paid

75 k75 k75 k75 k
Numbers are in $, USDY, 2016

Revenue/Employee

1.3 m

Financial Leverage

2.6 x

Safety Insurance Group Market Value History

Safety Insurance Group Online and Social Media Presence

Safety Insurance Group Company Life and Culture

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