SAFETY INSURANCE GROUP, INC. SAFT Balance Sheet

Safety insurance group, inc. (SAFT)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
Assets
Investments:
Fixed maturities, available for sale, at fair value (amortized cost: $1,159,859 and $1,192,357; allowance for expected credit losses of $2,510 at March 31, 2020)
1,165	1,228	1,207	1,178	1,173	1,161	1,131	1,145	1,155	1,172	1,177	1,148	1,139	1,154	1,152	1,112	1,091	1,081	1,071	1,080	1,132	1,135	1,129	1,111	1,125	1,104	1,124	1,118	1,142	1,165	1,171	1,115	1,042	1,086	1,073	1,033	1,063
Equity securities, at fair value (cost: $153,359 and $151,121)
149	177	167	165	160	148	158	134	116	111	105	111	108	105	100	116	111	110	103	110	109	109	106	97	93	91	57	46	45	22	22	22	22	21	20	21	14
Other invested assets
41	37	34	30	26	23	25	23	24	23	27	27	24	21	21	19	17	17	15	15	11	11	8	7	6	5	-	-	-	-	-	-	-	-	7	5	2
Total investments
1,357	1,442	1,409	1,374	1,360	1,333	1,315	1,303	1,296	1,307	1,311	1,287	1,271	1,280	1,274	1,248	1,219	1,209	1,190	1,206	1,254	1,256	1,245	1,216	1,225	1,202	1,182	1,164	1,187	1,188	1,194	1,137	1,065	1,107	1,101	1,060	1,080
Cash and cash equivalents
41	44	47	37	22	37	51	18	24	41	31	34	32	20	52	44	35	47	43	21	25	42	28	37	15	55	38	35	39	35	33	87	84	37	44	55	40
Accounts receivable, net of allowance for expected credit losses of $334 at March 31, 2020
189	193	209	209	188	190	209	209	193	190	205	201	183	187	199	195	178	178	193	192	177	175	191	191	175	169	185	189	173	165	180	175	159	154	164	160	145
Receivable for securities sold
1	1	0	0	1	1	0	2	1	1	2	0	4	7	0	0	0	0	0	0	0	-	0	0	1	1	3	0	1	0	0	0	-	0	2	10	0
Accrued investment income
9	8	9	8	9	8	9	8	10	8	9	8	9	8	9	8	9	8	9	9	10	10	9	9	10	10	10	10	10	10	10	10	9	10	8	9	9
Taxes recoverable
-	1	1	1	-	-	0	2	2	0	3	4	-	-	-	17	14	15	23	29	25	-	2	0	5	0	0	0	0	5	3	1	3	8	9	11	5
Receivable from reinsurers related to paid loss and loss adjustment expenses
14	11	33	28	29	13	24	24	27	24	42	42	31	29	34	26	27	40	42	39	6	6	7	11	5	4	12	12	6	6	8	8	4	3	8	8	4
Receivable from reinsurers related to unpaid loss and loss adjustment expenses
121	122	117	112	109	108	100	96	87	83	92	88	87	83	80	78	77	68	74	87	111	61	59	58	60	60	58	57	53	52	52	51	51	51	52	52	53
Ceded unearned premiums
30	35	35	35	33	33	34	36	33	32	30	30	27	28	26	28	24	23	22	21	21	19	18	18	18	17	17	17	16	16	15	15	14	14	12	11	12
Deferred policy acquisition costs
72	74	78	75	71	73	77	75	71	72	76	74	70	70	75	72	68	68	72	71	67	67	71	69	64	63	67	65	62	60	63	62	58	56	59	57	52
Deferred income taxes
6	-	-	-	2	8	3	2	0	-	-	-	0	3	-	-	-	4	4	4	2	-	-	-	0	3	4	4	-	-	-	-	-	-3	0	1	3
Equity and deposits in pools
30	29	33	28	28	28	31	29	28	28	30	26	25	24	28	27	23	23	28	27	25	23	25	22	22	18	19	18	18	16	16	14	16	14	13	13	19
Operating lease right-of-use-assets
34	33	35	36	36	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
24	23	22	23	22	19	20	19	20	16	15	15	15	13	13	16	15	14	13	14	13	13	14	15	16	16	15	15	16	15	14	15	16	13	11	13	11
Total assets
1,930	2,022	2,033	1,973	1,918	1,856	1,878	1,830	1,797	1,807	1,854	1,815	1,761	1,758	1,795	1,764	1,694	1,703	1,719	1,724	1,742	1,675	1,674	1,652	1,621	1,625	1,614	1,592	1,585	1,574	1,593	1,582	1,484	1,472	1,489	1,466	1,439
Liabilities
Loss and loss adjustment expense reserves
608	610	601	589	581	584	582	579	579	574	577	562	569	560	552	544	549	553	553	560	570	482	467	457	461	455	438	432	431	423	413	403	401	403	398	403	404
Unearned premium reserves
428	442	466	453	430	435	460	452	427	428	451	442	418	418	439	428	403	401	425	416	394	390	411	403	381	370	392	387	365	353	371	362	343	329	345	337	306
Accounts payable and accrued liabilities
55	75	61	56	53	71	57	53	51	60	51	54	49	66	54	51	46	53	43	44	44	65	52	52	47	66	51	48	44	65	48	47	42	52	38	39	54
Payable for securities purchased
4	6	6	7	5	5	7	7	9	4	14	14	11	5	6	7	2	8	4	5	3	4	3	6	4	13	11	5	19	2	18	52	-	0	14	10	0
Payable to reinsurers
2	12	33	21	18	12	33	22	19	13	29	17	5	13	30	23	11	11	26	17	9	7	18	12	7	7	17	12	6	7	14	10	4	5	10	7	5
Deferred income taxes
-	5	2	1	-	-	-	-	-	2	6	4	-	-	6	7	1	-	-	-	-	1	1	3	-	-	0	0	5	8	9	5	3	-	2	-	0
Taxes payable
0	-	-	-	8	6	-	-	-	-	-	-	1	1	0	-	-	-	-	-	-	0	-	-	-	-	-	0	1	-	-	-	-	0	-	-	0
Outstanding amount
30	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liabilities
34	33	35	36	36	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
4	27	35	24	27	22	24	18	24	22	21	25	27	22	18	23	21	29	23	34	52	15	12	11	13	17	9	22	13	19	20	18	19	22	23	22	15
Total liabilities
1,168	1,214	1,241	1,190	1,162	1,137	1,166	1,133	1,111	1,106	1,151	1,121	1,083	1,087	1,108	1,084	1,035	1,059	1,075	1,078	1,075	967	968	949	915	930	920	908	888	879	897	900	815	816	833	820	785
Commitments and contingencies (Note 8)
-	-	-	-	-	-	0	0	0	-	0	0	-	0	0	0	0	0	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0
Shareholders' equity
Common stock: $0.01 par value; 30,000,000 shares authorized; 17,732,359 and 17,662,779 shares issued
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Additional paid-in capital
204	202	200	199	198	196	193	192	191	189	188	187	186	184	183	182	181	179	178	177	176	175	174	173	171	170	169	167	165	163	161	160	158	157	156	154	151
Accumulated other comprehensive income, net of taxes
6	28	28	22	9	-10	-9	-6	-1	24	26	24	20	15	34	36	26	16	17	21	31	28	27	31	24	17	19	19	38	43	47	38	36	35	32	26	21
Retained earnings
645	661	646	644	631	616	610	594	579	570	571	565	555	553	552	544	533	531	531	530	542	587	587	582	570	567	565	556	548	543	542	537	528	518	521	520	535
Treasury stock, at cost: 2,422,862 and 2,279,570 shares
94	83	83	83	83	83	83	83	83	83	83	83	83	83	83	83	83	83	83	83	83	83	83	83	60	60	60	60	55	55	55	55	55	55	55	55	55
Total shareholders' equity
762	808	792	783	755	718	711	696	685	701	702	693	677	670	687	680	658	644	644	646	667	708	705	703	706	695	693	684	696	694	696	681	669	656	655	646	653
Total liabilities and shareholders' equity
1,930	2,022	2,033	1,973	1,918	1,856	1,878	1,830	1,797	1,807	1,854	1,815	1,761	1,758	1,795	1,764	1,694	1,703	1,719	1,724	1,742	1,675	1,674	1,652	1,621	1,625	1,614	1,592	1,585	1,574	1,593	1,582	1,484	1,472	1,489	1,466	1,439