SAFT Q3 2023 Earnings — Safety Insurance Group, Inc. Revenue & Financial Results | Market Cap Arena

SAFTSafety Insurance Group, Inc.

$1B

Q3 2023 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$227M+18.2% YoY

Gross Profit

$67M29.6% margin

Operating Income

$2M1.1% margin

Net Income

$2M0.9% margin

EPS (Diluted)

$0.13

QoQ Revenue Growth

-1.0%

Cash Flow

Operating Cash Flow

$31M

Free Cash Flow

$30M

Stock-Based Comp.

$824,000

Balance Sheet

Total Assets

$2.1B

Total Liabilities

$1.3B

Stockholders' Equity

$770M

Cash & Equivalents

$31M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$227M	$192M	+18.2%
Gross Profit	$67M	$68M	-0.9%
Operating Income	$2M	$8M	-68.2%
Net Income	$2M	$6M	-68.5%