Safety Insurance Group Inc (SAFT) Financial Statements
Industry: Fire, Marine & Casualty Insurance
In fiscal 2025, Safety Insurance reported revenue of $1.26B, up 12.8% from $1.12B the year before. Net income was $99.3M (a 7.9% net margin), or $6.70 per diluted share. Gross margin was 36.9% and operating margin was 36.4%. Operating activities generated $194.5M of cash, leaving $192.0M of free cash flow. At fiscal year end, Safety Insurance held $2.47B in total assets against $1.58B in total liabilities, including $73.9M of cash and equivalents.
Open the full interactive Safety Insurance financials → Quarterly statements, key ratios, valuation history and price charts.
Safety Insurance Key Stats
| Share Price | $103.86 |
|---|---|
| Market Cap | $1.51B |
| P/E Ratio | 15.5 |
| Revenue YoY Growth | +12.8% |
| 52-Week Range | $64.33 – $103.94 |
| Shares Outstanding | 14.5 million (basic, 2026 Q2) |
Safety Insurance Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $846.2M | $884.9M | $797.6M | $931.0M | $1.12B | $1.26B |
| Cost of Goods Sold | $404.6M | $461.7M | $492.0M | $642.3M | $716.6M | $797.2M |
| Gross Profit | $441.7M | $423.2M | $305.6M | $288.7M | $403.4M | $466.6M |
| Operating Income | $175.2M | $164.8M | $299.0M | $281.7M | $393.9M | $459.8M |
| Pre-Tax Income | $174.8M | $164.3M | $59.6M | $24.4M | $89.9M | $126.7M |
| Income Tax | $36.6M | $33.6M | $13.0M | $5.5M | $19.1M | $27.4M |
| Net Income | $138.2M | $130.7M | $46.6M | $18.9M | $70.7M | $99.3M |
| Diluted EPS | $9.18 | $8.80 | $3.15 | $1.28 | $4.78 | $6.70 |
Safety Insurance Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $326.6M | $319.3M | $314.7M | $325.7M |
| Net Income | $28.3M | $20.1M | -$14.3M | $34.5M |
| Diluted EPS | $1.91 | $1.36 | -$0.99 | $2.36 |
Safety Insurance Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $53.8M | $63.6M | $25.3M | $38.2M | $59.0M | $73.9M |
| Total Assets | $2.05B | $2.12B | $1.97B | $2.09B | $2.27B | $2.47B |
| Total Long-Term Debt | $30.0M | $30.0M | $35.0M | $30.0M | — | $50.0M |
| Total Liabilities | $1.17B | $1.19B | $1.16B | $1.29B | $1.44B | $1.58B |
| Shareholders' Equity | $884.7M | $927.2M | $812.0M | $804.3M | $828.5M | $892.3M |
Safety Insurance Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $109.5M | $141.4M | $44.3M | $52.1M | $128.7M | $194.5M |
| Cash From Investing | -$35.5M | -$66.0M | -$20.0M | $24.3M | -$54.5M | -$125.7M |
| Cash From Financing | -$64.6M | -$65.6M | -$62.6M | -$63.5M | -$53.3M | -$53.9M |
| Free Cash Flow | $99.5M | $133.2M | $42.2M | $50.3M | $124.3M | $192.0M |
Figures from Safety Insurance's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Safety Insurance financials page for every line item.
Safety Insurance Company Profile
| Ticker | SAFT |
|---|---|
| Exchange | Nasdaq |
| Industry | Fire, Marine & Casualty Insurance |
| Headquarters | Boston, Massachusetts |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001172052 |
Frequently Asked Questions
What was Safety Insurance's revenue in fiscal 2025?
Safety Insurance (SAFT) reported revenue of $1.26B for fiscal 2025.
What is Safety Insurance's annual revenue history?
Safety Insurance's annual revenue by fiscal year: 2020: $846.2M; 2021: $884.9M; 2022: $797.6M; 2023: $931.0M; 2024: $1.12B; 2025: $1.26B.
What was Safety Insurance's net income in fiscal 2025?
Safety Insurance reported net income of $99.3M for fiscal 2025.
What was Safety Insurance's earnings per share (EPS) in fiscal 2025?
Safety Insurance's diluted EPS was $6.70 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Safety Insurance generate in fiscal 2025?
Safety Insurance generated $192.0M of free cash flow in fiscal 2025.
What was Safety Insurance's revenue last quarter?
In its most recent reported quarter (2026 Q2), Safety Insurance reported revenue of $325.7M.
How much debt does Safety Insurance have?
Safety Insurance reported $50.0M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Safety Insurance are outstanding?
Safety Insurance reported a weighted average of 14.5 million basic shares outstanding in 2026 Q2.
What is Safety Insurance's market cap?
Based on its latest closing price, Safety Insurance (SAFT) has a market capitalization of about $1.51B.
When does Safety Insurance's fiscal year end?
Safety Insurance's fiscal year end, as registered with the SEC, is December 31.
Where is Safety Insurance headquartered?
Safety Insurance lists its business address in Boston, Massachusetts in its SEC filings.