Safety Ins Group Inc Financials

SAFT

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Safety Ins Group Inc (SAFT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 56/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Safety Ins Group Inc's revenue surged 20.3% year-over-year to $1.1B, reflecting rapid business expansion. This strong growth earns a score of 87/100.

Leverage

Safety Ins Group Inc has a moderate D/E ratio of 1.74. This balance of debt and equity financing earns a leverage score of 47/100.

Cash Flow

Safety Ins Group Inc has a free cash flow margin of 11.1%, earning a moderate score of 55/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Safety Ins Group Inc's ROE of 8.5% shows moderate profitability relative to equity, earning a score of 34/100. This is up from 2.4% the prior year.

Piotroski F-Score Neutral

6/9

Safety Ins Group Inc passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 1 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.82x

For every $1 of reported earnings, Safety Ins Group Inc generates $1.82 in operating cash flow ($128.7M OCF vs $70.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Revenue

$1.1B

YoY+20.3%

5Y CAGR+5.0%

10Y CAGR+3.7%

Safety Ins Group Inc generated $1.1B in revenue in fiscal year 2024. This represents an increase of 20.3% from the prior year.

EBITDA

N/A

Free Cash Flow

$124.3M

YoY+147.0%

5Y CAGR+3.9%

10Y CAGR+2.6%

Safety Ins Group Inc generated $124.3M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 147.0% from the prior year.

Net Income

$70.7M

YoY+274.7%

5Y CAGR-6.6%

10Y CAGR+1.8%

Safety Ins Group Inc reported $70.7M in net income in fiscal year 2024. This represents an increase of 274.7% from the prior year.

EPS (Diluted)

$4.78

YoY+273.4%

5Y CAGR-5.8%

10Y CAGR+2.0%

Safety Ins Group Inc earned $4.78 per diluted share (EPS) in fiscal year 2024. This represents an increase of 273.4% from the prior year.

Cash & Debt

$59.0M

YoY+54.6%

5Y CAGR+5.8%

10Y CAGR+3.3%

Safety Ins Group Inc held $59.0M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

$3.60

YoY+0.0%

5Y CAGR+1.1%

10Y CAGR+3.3%

Safety Ins Group Inc paid $3.60 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Shares Outstanding

15M

5Y CAGR-0.7%

Safety Ins Group Inc had 15M shares outstanding in fiscal year 2024.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

6.3%

YoY+4.3pp

5Y CAGR-5.0pp

10Y CAGR-1.3pp

Safety Ins Group Inc's net profit margin was 6.3% in fiscal year 2024, showing the share of revenue converted to profit. This is up 4.3 percentage points from the prior year.

Return on Equity

8.5%

YoY+6.2pp

5Y CAGR-3.8pp

10Y CAGR+0.2pp

Safety Ins Group Inc's ROE was 8.5% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 6.2 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$4.4M

YoY+144.9%

5Y CAGR-14.6%

10Y CAGR+9.5%

Safety Ins Group Inc invested $4.4M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 144.9% from the prior year.

SAFT Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$1.1B+20.3%	$931.0M+16.7%	$797.6M-9.9%	$884.9M+4.6%	$846.2M-3.6%	$877.8M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$509K-37.8%	$818K+56.1%	$524K+0.4%	$522K+18.6%	$440K+388.9%	$90K
Income Tax	$19.1M+245.0%	$5.5M-57.4%	$13.0M-61.2%	$33.6M-8.2%	$36.6M+51.8%	$24.1M
Net Income	$70.7M+274.7%	$18.9M-59.5%	$46.6M-64.4%	$130.7M-5.4%	$138.2M+38.8%	$99.6M
EPS (Diluted)	$4.78+273.4%	$1.28-59.4%	$3.15-64.2%	$8.80-4.1%	$9.18+42.1%	$6.46

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$326.6M+3.2%	$316.3M+4.9%	$301.4M+5.1%	$286.7M+6.3%	$269.8M+0.6%	$268.2M+3.8%	$258.4M+12.7%	$229.4M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$426K-3.6%	$442K+325.0%	$104K-16.1%	$124K-10.1%	$138K+12.2%	$123K+1.7%	$121K-12.9%	$139K
Income Tax	$7.9M+0.1%	$7.9M+24.6%	$6.3M+218.6%	$2.0M-56.8%	$4.6M-16.8%	$5.5M+57.0%	$3.5M+568.3%	$527K
Net Income	$28.3M-2.2%	$28.9M+32.2%	$21.9M+169.3%	$8.1M-51.1%	$16.6M-17.1%	$20.1M+63.7%	$12.3M+529.1%	$1.9M
EPS (Diluted)	$1.91-2.1%	$1.95+31.8%	$1.48+164.3%	$0.56-50.4%	$1.13-16.9%	$1.36+61.9%	$0.84+546.2%	$0.13

SAFT Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$2.3B+8.4%	$2.1B+6.2%	$2.0B-6.8%	$2.1B+3.1%	$2.1B+1.6%	$2.0B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$59.0M+54.6%	$38.2M+50.8%	$25.3M-60.2%	$63.6M+18.3%	$53.8M+21.1%	$44.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	$179.1M-7.4%	$193.4M
Goodwill	$17.1M0.0%	$17.1M0.0%	$17.1M	N/A	N/A	N/A
Total Liabilities	$1.4B+11.8%	$1.3B+11.1%	$1.2B-2.5%	$1.2B+1.8%	$1.2B-3.7%	$1.2B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	$30.0M	N/A	N/A	N/A	N/A
Total Equity	$828.5M+3.0%	$804.3M-1.0%	$812.0M-12.4%	$927.2M+4.8%	$884.7M+9.4%	$808.4M
Retained Earnings	$798.8M+2.2%	$781.2M-4.2%	$815.3M-0.8%	$821.7M+10.3%	$745.0M+12.6%	$661.6M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$2.4B+3.6%	$2.4B+3.2%	$2.3B+0.9%	$2.3B+5.0%	$2.2B+3.3%	$2.1B0.0%	$2.1B+2.0%	$2.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$56.2M+13.8%	$49.4M-23.6%	$64.7M+9.7%	$59.0M+32.3%	$44.6M+44.7%	$30.8M-19.3%	$38.2M+23.5%	$30.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$17.1M0.0%	$17.1M0.0%	$17.1M0.0%	$17.1M0.0%	$17.1M0.0%	$17.1M0.0%	$17.1M0.0%	$17.1M
Total Liabilities	$1.6B+4.0%	$1.5B+3.5%	$1.4B-0.1%	$1.4B+6.6%	$1.4B+5.1%	$1.3B-0.3%	$1.3B+0.6%	$1.3B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$30.0M0.0%	$30.0M0.0%	$30.0M	N/A	N/A	N/A	$30.0M	N/A
Total Equity	$899.6M+3.0%	$873.3M+2.7%	$850.7M+2.7%	$828.5M+2.3%	$810.2M+0.4%	$807.1M+0.3%	$804.3M+4.5%	$769.7M
Retained Earnings	$837.5M+1.8%	$822.8M+1.9%	$807.3M+1.1%	$798.8M+0.9%	$791.3M+0.4%	$788.0M+0.9%	$781.2M-0.1%	$782.2M

SAFT Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$128.7M+146.9%	$52.1M+17.6%	$44.3M-68.7%	$141.4M+29.2%	$109.5M-2.7%	$112.5M
Capital Expenditures	$4.4M+144.9%	$1.8M-14.8%	$2.1M-74.6%	$8.2M-17.3%	$9.9M+3.7%	$9.6M
Free Cash Flow	$124.3M+147.0%	$50.3M+19.2%	$42.2M-68.3%	$133.2M+33.8%	$99.5M-3.3%	$102.9M
Investing Cash Flow	-$54.5M-324.7%	$24.3M+221.4%	-$20.0M+69.7%	-$66.0M-85.8%	-$35.5M+32.9%	-$53.0M
Financing Cash Flow	-$53.3M+16.1%	-$63.5M-1.4%	-$62.6M+4.5%	-$65.6M-1.5%	-$64.6M-22.6%	-$52.7M
Dividends Paid	$53.3M+0.1%	$53.3M+0.5%	$53.0M-1.8%	$54.0M-1.0%	$54.6M+3.6%	$52.7M
Share Buybacks	N/A	$5.2M-64.1%	$14.6M+26.3%	$11.6M-71.1%	$40.0M	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$85.5M+164.4%	$32.3M+918.7%	$3.2M-93.7%	$50.4M+97.0%	$25.6M+221.1%	-$21.1M-160.3%	$35.1M+14.9%	$30.5M
Capital Expenditures	$0-100.0%	$68K-79.5%	$332K+114.2%	$155K-71.3%	$541K-82.4%	$3.1M+705.0%	$381K-55.2%	$850K
Free Cash Flow	$85.5M+164.9%	$32.3M+1035.3%	$2.8M-94.3%	$50.3M+100.7%	$25.0M+203.5%	-$24.2M-169.8%	$34.7M+16.9%	$29.7M
Investing Cash Flow	-$65.1M-89.4%	-$34.3M-312.9%	$16.1M+139.5%	-$40.8M-2970.0%	$1.4M-94.8%	$27.4M+287.5%	-$14.6M-114.6%	-$6.8M
Financing Cash Flow	-$13.6M-2.2%	-$13.3M+2.2%	-$13.6M-2.5%	-$13.2M0.0%	-$13.2M+2.8%	-$13.6M-3.3%	-$13.2M+27.5%	-$18.2M
Dividends Paid	$13.6M+2.2%	$13.3M-2.2%	$13.6M+2.5%	$13.2M0.0%	$13.2M-2.8%	$13.6M+3.3%	$13.2M0.0%	$13.2M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	$0	$0

SAFT Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	6.3%+4.3pp	2.0%-3.8pp	5.8%-8.9pp	14.8%-1.6pp	16.3%+5.0pp	11.3%
Return on Equity	8.5%+6.2pp	2.4%-3.4pp	5.7%-8.4pp	14.1%-1.5pp	15.6%+3.3pp	12.3%
Return on Assets	3.1%+2.2pp	0.9%-1.5pp	2.4%-3.8pp	6.2%-0.6pp	6.7%+1.8pp	4.9%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.74+1.7	0.04-1.4	1.43+0.1	1.28-0.0	1.32-0.2	1.50
FCF Margin	11.1%+5.7pp	5.4%+0.1pp	5.3%-9.8pp	15.0%+3.3pp	11.8%+0.0pp	11.7%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	8.7%-0.5pp	9.2%+1.9pp	7.3%+4.4pp	2.8%-3.3pp	6.2%-1.3pp	7.5%+2.7pp	4.8%+3.9pp	0.9%
Return on Equity	3.1%-0.2pp	3.3%+0.7pp	2.6%+1.6pp	1.0%-1.1pp	2.1%-0.4pp	2.5%+1.0pp	1.5%+1.3pp	0.3%
Return on Assets	1.2%-0.1pp	1.2%+0.3pp	1.0%+0.6pp	0.4%-0.4pp	0.8%-0.2pp	1.0%+0.4pp	0.6%+0.5pp	0.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.030.0	0.030.0	0.04-1.7	1.74+0.1	1.67+0.1	1.59+1.6	0.04-1.6	1.67
FCF Margin	26.2%+16.0pp	10.2%+9.3pp	0.9%-16.6pp	17.5%+8.3pp	9.3%+18.3pp	-9.0%-22.4pp	13.4%+0.5pp	12.9%

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Frequently Asked Questions

What is Safety Ins Group Inc's annual revenue?

Safety Ins Group Inc (SAFT) reported $1.1B in total revenue for fiscal year 2024. This represents a 20.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Safety Ins Group Inc's revenue growing?

Safety Ins Group Inc (SAFT) revenue grew by 20.3% year-over-year, from $931.0M to $1.1B in fiscal year 2024.

Is Safety Ins Group Inc profitable?

Yes, Safety Ins Group Inc (SAFT) reported a net income of $70.7M in fiscal year 2024, with a net profit margin of 6.3%.

What is Safety Ins Group Inc's earnings per share (EPS)?

Safety Ins Group Inc (SAFT) reported diluted earnings per share of $4.78 for fiscal year 2024. This represents a 273.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Safety Ins Group Inc's net profit margin?

Safety Ins Group Inc (SAFT) had a net profit margin of 6.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Safety Ins Group Inc pay dividends?

Yes, Safety Ins Group Inc (SAFT) paid $3.60 per share in dividends during fiscal year 2024.

What is Safety Ins Group Inc's return on equity (ROE)?

Safety Ins Group Inc (SAFT) has a return on equity of 8.5% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Safety Ins Group Inc's free cash flow?

Safety Ins Group Inc (SAFT) generated $124.3M in free cash flow during fiscal year 2024. This represents a 147.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Safety Ins Group Inc's operating cash flow?

Safety Ins Group Inc (SAFT) generated $128.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Safety Ins Group Inc's total assets?

Safety Ins Group Inc (SAFT) had $2.3B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Safety Ins Group Inc's capital expenditures?

Safety Ins Group Inc (SAFT) invested $4.4M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How many shares does Safety Ins Group Inc have outstanding?

Safety Ins Group Inc (SAFT) had 15M shares outstanding as of fiscal year 2024.

What is Safety Ins Group Inc's debt-to-equity ratio?

Safety Ins Group Inc (SAFT) had a debt-to-equity ratio of 1.74 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Safety Ins Group Inc's return on assets (ROA)?

Safety Ins Group Inc (SAFT) had a return on assets of 3.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Safety Ins Group Inc's Piotroski F-Score?

Safety Ins Group Inc (SAFT) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Safety Ins Group Inc's earnings high quality?

Safety Ins Group Inc (SAFT) has an earnings quality ratio of 1.82x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Safety Ins Group Inc?

Safety Ins Group Inc (SAFT) scores 56 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.