SAFT Q2 2023 Earnings — Safety Insurance Group, Inc. Revenue & Financial Results | Market Cap Arena

SAFTSafety Insurance Group, Inc.

$1B

Q2 2023 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$229M+28.9% YoY

Gross Profit

$85M37.3% margin

Operating Income

$21M9.4% margin

Net Income

$17M7.4% margin

EPS (Diluted)

$1.15

QoQ Revenue Growth

+7.7%

Cash Flow

Operating Cash Flow

-$546,000

Free Cash Flow

-$563,000

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$2.0B

Total Liabilities

$1.2B

Stockholders' Equity

$794M

Cash & Equivalents

$25M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$229M	$178M	+28.9%
Gross Profit	$85M	$65M	+31.5%
Operating Income	$21M	$10M	+117.1%
Net Income	$17M	$8M	+115.2%