Safety Insurance Group Inc (OQ:SAFT)
Business Focus: Property & Casualty Insurance
| Sector: Financials | Industry: Property & Casualty Insurance |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 20 Custom House St BOSTON MA 02110-3513 |
| Tel: | N/A |
| Website: | https://www.safetyinsurance.com |
| IR: | See website |
| Key People | ||
| George M. Murphy Chairman of the Board, President, Chief Executive Officer | Christopher Thomas Whitford Chief Financial Officer, Vice President, Secretary | Brian S. Lam Vice President - Insurance Operations |
| John Patrick Drago Vice President - Marketing | James D. Berry Vice President - Underwriting | Glenn R. Hiltpold Vice President - Actuarial Services |
| Paul J. Narciso Vice President - Claims | Stephen A. Varga Vice President - Management Information Systems | |
| Business Overview |
| Safety Insurance Group, Inc. is a provider of private passenger automobile, commercial automobile, and homeowners' insurance in Massachusetts. In addition to these coverages, it offers a portfolio of a portfolio of other insurance products, including dwelling fire, umbrella, and business owner policies. Its product line includes private passenger automobile, commercial automobile, homeowners, business owner policies, personal umbrella, dwelling fire, commercial umbrella, inland marine, and Watercraft. Private passenger automobile and commercial automobile polices provide coverage for bodily injury and property damage to others, no-fault personal injury coverage, and physical damage coverage for an insured's own vehicle for collision or other perils. Homeowners write policies on homes, condominiums, and apartments. Inland marine provides additional coverage for jewelry, fine arts, and other items that a homeowner. Business owner policies serve small and medium-sized commercial accounts. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Safety Insurance Group Inc revenues increased 18% to $925.9M. Net income applicable to common stockholders decreased 59% to $18.8M. Revenues reflect Interest on fixed maturity securities increase of 14% to $46.6M, Total investment income - Balancing valu increase from $2.4M to $5.7M, Dividends on equity securities increase of 8% to $7.3M. |
| Employees: | 539 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,194M as of Dec 31, 2023 |
| Annual revenue (TTM): | $925.95M as of Dec 31, 2023 |
| EBITDA (TTM): | $26.65M as of Dec 31, 2023 |
| Net annual income (TTM): | $18.79M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$2.96M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 14,836,665 as of Mar 18, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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