Safety insurance group, inc. (SAFT)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Revenues
Net earned premiums

788,777

781,587

774,420

755,760

738,164

716,875

681,870

642,469

598,368

551,950

531,969

Net investment income

46,665

43,788

38,758

38,413

40,534

42,303

43,054

40,870

39,060

41,395

43,308

Earnings from partnership investments

1,937

6,915

2,082

3,185

2,387

878

-

-

-

-

-

Net realized losses on investments

2,976

3,226

6,036

5,559

-469

197

1,677

1,975

4,360

863

-167

Change in net unrealized gains on equity investments

21,454

-16,324

-

-

-

-

-

-

-

-

-

Net impairment losses on investments (a)

889

228

256

798

796

-

-

-

-

-

-

Finance and other service income

16,833

17,533

18,073

17,703

18,133

18,544

18,683

18,553

18,370

18,511

16,844

Total revenue

877,753

836,497

839,113

819,822

797,953

778,797

745,284

703,867

660,158

612,719

591,954

Expenses
Losses and loss adjustment expenses

509,846

485,513

503,887

493,433

612,569

476,366

447,749

422,217

466,640

360,848

346,301

Underwriting, operating and related expenses

244,136

246,643

248,436

233,017

213,939

219,023

209,758

200,138

179,157

172,823

171,124

Interest expense

90

90

90

90

90

90

89

88

88

88

135

Total expenses

754,072

732,246

752,413

726,540

826,598

695,479

657,596

622,443

645,885

533,759

517,560

(Loss) income before income taxes

123,681

104,251

86,700

93,282

-28,645

83,318

87,688

81,424

14,273

78,960

74,394

Income tax (benefit) expense

24,080

21,056

24,313

28,697

-14,792

23,964

26,337

23,354

571

22,618

20,242

Net (loss) income

99,601

83,195

62,387

64,585

-13,853

59,354

61,351

58,070

13,702

56,342

54,152

(Loss) earnings per weighted average common share:
Basic (in dollars per share)

6.52

5.48

4.13

4.29

-0.93

3.93

3.99

3.80

0.90

3.74

3.49

Diluted (in dollars per share)

6.46

5.43

4.10

4.27

-0.93

3.91

3.98

3.80

0.90

3.74

3.48

Cash dividends paid per common share (in dollars per share)

3.40

3.20

3.00

2.80

2.80

2.60

2.40

2.20

2.00

1.80

1.60

Number of shares used in computing earnings per share:
Basic (in shares)

15,201

15,080

15,010

14,946

14,866

14,963

15,167

15,288

15,165

15,065

15,533

Diluted (in shares)

15,337

15,229

15,135

15,032

14,866

15,052

15,212

15,295

15,176

15,084

15,552