SAFETY INSURANCE GROUP, INC. SAFT Income Statement

Safety insurance group, inc. (SAFT)

Income statement / 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	Mar'11	Sep'10	Jun'10
Revenues
Net earned premiums
792,181	788,777	787,788	786,346	784,045	781,587	779,487	778,043	776,742	774,420	770,060	765,248	759,817	755,760	750,330	746,200	741,254	738,164	734,071	727,766	723,469	716,875	708,032	700,001	691,401	681,870	673,605	663,852	653,372	642,469	630,847	619,608	609,258	598,368	583,810	568,699	0	0	0
Net investment income
45,624	46,665	46,221	45,394	45,008	43,788	42,284	40,667	40,194	38,758	38,491	37,955	37,881	38,413	37,945	38,928	39,604	40,534	41,836	42,695	42,287	42,303	44,208	43,422	43,240	43,054	40,456	40,575	41,348	40,870	39,895	39,834	38,804	39,060	39,824	40,600	0	0	0
Earnings from partnership investments
2,441	1,937	1,807	3,134	2,886	6,915	7,388	6,551	6,833	2,082	1,329	1,780	2,420	3,185	3,948	3,723	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net realized losses on investments
2,509	2,976	1,791	650	1,756	3,226	4,158	6,822	5,800	6,036	5,457	7,631	7,424	5,559	4,531	-670	-1,203	-469	-558	36	588	197	1,161	1,534	1,295	1,677	1,948	1,444	1,921	1,975	2,884	4,575	5,235	4,360	3,065	1,043	0	0	0
Change in net unrealized gains on equity investments
-20,335	21,454	2,593	5,424	-1,041	-16,324	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net impairment losses on investments (a)
-	889	625	0	0	-	0	-	-	-	0	-	-	798	791	1,225	1,088	796	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Credit loss expense
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Finance and other service income
16,977	16,833	16,952	16,943	17,151	17,533	17,821	18,149	18,231	18,073	17,794	17,817	17,727	17,703	17,851	17,761	17,911	18,133	18,327	18,453	18,527	18,544	18,544	18,563	18,639	18,683	18,704	18,679	18,616	18,553	18,408	18,521	18,470	18,370	18,501	18,221	0	0	0
Total revenue
836,218	877,753	856,755	857,389	849,357	836,497	847,161	843,783	844,062	839,113	832,506	830,062	824,763	819,822	813,906	805,091	799,743	797,953	795,556	790,405	785,749	778,797	771,945	763,520	754,575	745,284	734,713	724,550	715,257	703,867	692,034	682,538	671,767	660,158	645,200	628,563	0	0	0
Expenses
Losses and loss adjustment expenses
504,565	509,846	501,335	483,062	473,896	485,513	502,180	509,279	513,101	503,887	496,620	497,789	495,884	493,433	494,372	498,342	530,224	612,569	611,467	602,278	563,802	476,366	468,625	458,066	456,492	447,749	443,337	440,599	436,318	422,217	426,465	431,565	443,054	466,640	435,814	412,045	0	0	0
Underwriting, operating and related expenses
246,784	244,136	243,905	245,556	246,221	246,643	249,718	250,216	249,622	248,436	244,784	240,196	236,730	233,017	227,896	223,114	217,799	213,939	214,739	215,493	217,713	219,023	217,456	216,018	213,067	209,758	208,041	205,155	201,698	200,138	193,606	189,005	185,066	179,157	176,382	173,186	0	0	0
Interest expense
115	90	90	90	90	90	90	90	90	90	90	90	90	90	90	90	90	90	90	90	90	90	90	91	89	89	88	87	88	88	88	89	88	88	88	87	0	0	0
Total expenses
751,464	754,072	745,330	728,708	720,207	732,246	751,988	759,585	762,813	752,413	741,494	738,075	732,704	726,540	722,358	721,546	748,113	826,598	826,296	817,861	781,605	695,479	686,171	674,175	669,648	657,596	651,466	645,841	638,104	622,443	620,159	620,659	628,208	645,885	612,284	585,318	0	0	0
(Loss) income before income taxes
84,754	123,681	111,425	128,681	129,150	104,251	95,173	84,198	81,249	86,700	91,012	91,987	92,059	93,282	91,548	83,545	51,630	-28,645	-30,740	-27,456	4,144	83,318	85,774	89,345	84,927	87,688	83,247	78,709	77,153	81,424	71,875	61,879	43,559	14,273	32,916	43,245	0	0	0
Income tax (benefit) expense
17,089	24,080	21,580	25,547	25,134	21,056	19,015	18,994	21,756	24,313	27,981	28,313	28,125	28,697	28,626	27,239	17,742	-14,792	-16,967	-17,138	-8,014	23,964	25,138	26,489	25,435	26,337	23,977	22,761	22,308	23,354	18,615	14,143	8,694	571	8,508	12,558	0	0	0
Net (loss) income
67,665	99,601	89,845	103,134	104,016	83,195	76,158	65,204	59,493	62,387	63,031	63,674	63,934	64,585	62,922	56,306	33,888	-13,853	-13,773	-10,318	12,158	59,354	60,636	62,856	59,492	61,351	59,270	55,948	54,845	58,070	53,260	47,736	34,865	13,702	24,408	30,687	0	0	0
(Loss) earnings per weighted average common share:
Basic (in dollars per share)
-0.13	1.83	1.02	1.70	1.97	1.21	1.90	1.77	0.60	0.74	1.19	1.40	0.80	0.79	1.24	1.42	0.84	0.71	0.80	-0.07	-2.37	0.71	1.03	1.40	0.79	0.76	1.15	1.17	0.91	0.62	0.94	1.11	1.13	0.31	0.58	0.27	-0.26	1.03	1.00
Diluted (in dollars per share)
-0.13	1.82	1.01	1.68	1.95	1.20	1.88	1.75	0.60	0.74	1.18	1.39	0.79	0.79	1.23	1.41	0.84	0.71	0.80	-0.07	-2.37	0.69	1.03	1.40	0.79	0.76	1.14	1.17	0.91	0.62	0.94	1.11	1.13	0.31	0.58	0.27	-0.26	1.03	1.00
Cash dividends paid per common share (in dollars per share)
0.90	0.90	0.90	0.80	0.80	0.80	0.80	0.80	0.80	0.80	0.80	0.70	0.70	0.70	0.70	0.70	0.70	0.70	0.70	0.70	0.70	0.70	0.70	0.60	0.60	0.60	0.60	0.60	0.60	0.60	0.60	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.40
Number of shares used in computing earnings per share:
Basic (in shares)
15,230	15,222	15,220	15,220	15,140	15,092	15,091	15,090	15,045	15,021	15,021	15,020	14,980	14,960	14,960	14,960	14,903	14,882	14,880	14,879	14,824	14,720	14,804	15,132	15,194	14,579	15,369	15,380	15,339	15,321	15,312	15,302	15,217	15,187	15,187	15,184	15,100	15,018	15,113
Diluted (in shares)
15,347	15,338	15,360	15,346	15,305	15,264	15,250	15,213	15,191	15,168	15,161	15,114	15,096	15,075	15,076	15,041	14,936	14,855	14,907	14,879	14,824	14,831	14,910	15,213	15,255	14,641	15,429	15,421	15,356	15,327	15,319	15,309	15,225	15,209	15,195	15,198	15,100	15,036	15,130