SAFT Q4 2023 Earnings — Safety Insurance Group, Inc. Revenue & Financial Results | Market Cap Arena

SAFTSafety Insurance Group, Inc.

$1B

Q4 2023 Earnings

Financial Services Insurance - Property & Casualty

Income Statement

Revenue

$258M+27.3% YoY

Gross Profit

$86M33.3% margin

Operating Income

$16M6.1% margin

Net Income

$12M4.8% margin

EPS (Diluted)

$0.83

QoQ Revenue Growth

+13.9%

Cash Flow

Operating Cash Flow

$35M

Free Cash Flow

$35M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$2.1B

Total Liabilities

$1.3B

Stockholders' Equity

$804M

Cash & Equivalents

$38M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$258M	$203M	+27.3%
Gross Profit	$86M	$71M	+21.5%
Operating Income	$16M	$11M	+44.1%
Net Income	$12M	$25M	-50.2%