SAFT FY 2025 Earnings Report — Safety Insurance Group, Inc. Revenue & Financial Results | Market Cap Arena

Safety Insurance Group, Inc.SAFT

FY 2025 Earnings

Reported February 27, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$1.3B	—	$1.1B	—	13.0%
Op. Income	$127M	—	$90M	—	41.0%
Gross Margin	36.4%	—	35.4%	—	1.0pp
Net Margin	7.9%	—	6.4%	—	1.5pp
EPS (Diluted)	$6.70	—	$4.78	—	40.2%
Free Cash Flow	$192M	—	$124M	—	54.4%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$797M
GROSS PROFIT	$457M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$330M
Operating Expenses	$330M
Cost & Expenses	$1.1B
OPERATING INCOME	$127M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	$0
INCOME BEFORE TAX	$127M
Income Tax Expense	$27M
Net Income from Continuing Ops	$99M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$99M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$99M
D&A	$0
EBIT	$128M
EBITDA	$128M
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$797M
GROSS PROFIT	$457M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$330M
Operating Expenses	$330M
Cost & Expenses	$1.1B
OPERATING INCOME	$127M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	$0
INCOME BEFORE TAX	$127M
Income Tax Expense	$27M
Net Income from Continuing Ops	$99M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$99M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$99M
D&A	$0
EBIT	$128M
EBITDA	$128M
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$99M
Depreciation & Amortization	-$2M
Stock-Based Compensation	$5M
Deferred Income Tax	-$2M
Other Non-Cash Items	-$10M
Change in Working Capital	$104M
OPERATING CASH FLOW	$194M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$122M
Sales/Maturities of Investments	$20M
Other Investing Activities	-$21M
NET CASH FROM INVESTING	-$126M
Net Debt Issuance	$20M
Common Stock Repurchased	-$20M
Common Dividends Paid	-$54M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$54M
FREE CASH FLOW	$192M
Net Change in Cash	$15M

Balance Sheet

Item	Amount
Cash & Equivalents	$74M
Short-Term Investments	$700M
Net Receivables	$320M
Inventory	$0
Other Current Assets	-$740M
TOTAL CURRENT ASSETS	$394M
PP&E (Net)	$12M
Goodwill	$17M
Intangible Assets	$7M
Long-Term Investments	$992M
Tax Assets	$4M
Other Non-Current Assets	-$996M
TOTAL NON-CURRENT ASSETS	$36M
TOTAL ASSETS	$2.5B
Account Payables	$96M
Short-Term Debt	$12M
Deferred Revenue	$615M
Other Current Liabilities	-$712M
TOTAL CURRENT LIABILITIES	$16M
Long-Term Debt	$62M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.3B
TOTAL NON-CURRENT LIABILITIES	$1.4B
TOTAL LIABILITIES	$1.6B
Common Stock	$181.0K
Additional Paid-In Capital	$236M
Retained Earnings	$844M
Treasury Stock	-$170M
Accum. Other Comp. Income	-$17M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$892M
Minority Interest	$0
TOTAL EQUITY	$892M
TOTAL LIABILITIES & EQUITY	$2.5B
Total Debt	$62M
Net Debt	-$12M