SAFT Q1 2023 Earnings — Safety Insurance Group, Inc. Revenue & Financial Results | Market Cap Arena

SAFTSafety Insurance Group, Inc.

$1B

Q1 2023 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$213M+10.6% YoY

Gross Profit

$45M21.3% margin

Operating Income

-$15M-7.2% margin

Net Income

-$12M-5.8% margin

EPS (Diluted)

$-0.84

QoQ Revenue Growth

+4.8%

Cash Flow

Operating Cash Flow

-$13M

Free Cash Flow

-$13M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$2.0B

Total Liabilities

$1.2B

Stockholders' Equity

$803M

Cash & Equivalents

$15M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$213M	$192M	+10.6%
Gross Profit	$45M	$69M	-34.3%
Operating Income	-$15M	$10M	-251.3%
Net Income	-$12M	$8M	-257.4%