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 $204.8 m in Q1, 2017
USD

Revenue (Q1, 2017)

204.8 m

Net income (Q1, 2017)

12 m

Market capitalization (21-Jul-2017)

1.1 b

Cash (31-Mar-2017)

32.2 m
Safety Insurance Group's current market capitalization is $1.1 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%

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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

192.9 m196.1 m198 m197.6 m201.3 m199.8 m203 m210.1 m204.8 m

Pre tax profit

30 m22 m(62.4 m)(1.6 m)18.7 m17.9 m30.3 m26.7 m16.6 m

Net Income

33.5 m49 m(35.1 m)(1.1 m)(24.1 m)12.7 m34 m52.6 m12 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

Total Liabilities

1.1 b

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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

37.7 m28.4 m25.3 m21.3 m43.2 m35.9 m44.1 m52.3 m32.2 m

Inventories

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

Total Assets

1.7 b1.7 b1.7 b1.7 b1.7 b1.7 b1.8 b1.8 b1.8 b

Accounts Payable

52.7 m52.6 m44.9 m44.8 m43.1 m46.6 m51.8 m54.4 m49.1 m

Additional Paid-in Capital

173.2 m174.3 m176.6 m177.6 m178.7 m181.2 m182.3 m183.4 m186.1 m

Retained Earnings

582.9 m587.8 m542.1 m530.6 m532 m533.9 m544.7 m552.7 m555.3 m

Total Equity

703.7 m705.8 m667 m646.3 m644.4 m658.3 m680 m687.3 m677.8 m

Financial Leverage

2.3 x2.4 x2.6 x2.7 x2.7 x2.6 x2.6 x2.6 x2.6 x
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)

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
USDY, 2017

Revenue/Employee

318.5 k

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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