SAFT Q1 2024 Earnings — Safety Insurance Group, Inc. Revenue & Financial Results | Market Cap Arena

SAFTSafety Insurance Group, Inc.

$1B

Q1 2024 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$267M+25.5% YoY

Gross Profit

$98M36.8% margin

Operating Income

$26M9.6% margin

Net Income

$20M7.5% margin

EPS (Diluted)

$1.36

QoQ Revenue Growth

+3.3%

Cash Flow

Operating Cash Flow

-$21M

Free Cash Flow

-$24M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$2.1B

Total Liabilities

$1.3B

Stockholders' Equity

$807M

Cash & Equivalents

$31M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$267M	$213M	+25.5%
Gross Profit	$98M	$45M	+116.5%
Operating Income	$26M	-$15M	+267.3%
Net Income	$20M	-$12M	+262.7%