SAFT Q2 2024 Earnings — Safety Insurance Group, Inc. Revenue & Financial Results | Market Cap Arena

SAFTSafety Insurance Group, Inc.

$1B

Q2 2024 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$267M+16.8% YoY

Gross Profit

$95M35.4% margin

Operating Income

$21M7.9% margin

Net Income

$17M6.2% margin

EPS (Diluted)

$1.13

QoQ Revenue Growth

+0.3%

Cash Flow

Operating Cash Flow

$26M

Free Cash Flow

$25M

Stock-Based Comp.

$998,000

Balance Sheet

Total Assets

$2.2B

Total Liabilities

$1.4B

Stockholders' Equity

$810M

Cash & Equivalents

$45M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$267M	$229M	+16.8%
Gross Profit	$95M	$85M	+10.8%
Operating Income	$21M	$21M	-1.1%
Net Income	$17M	$17M	-2.1%