Safety Insurance Group Inc

NASDAQ:SAFTUnited States

Nov 5, 2024

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• -- Earnings Flash (SAFT) SAFETY INSURANCE GROUP Reports Q3 Revenue $295.3M, from 4:08PM ET on Tuesday Nov 05, 2024 by MT Newswires

  4:08PM ET on Tuesday Nov 05, 2024 by MT Newswires
  Companies Mentioned: SAFT
  04:08 PM EST, 11/05/2024 (MT Newswires) -- ...

• -- Earnings Flash (SAFT) SAFETY INSURANCE GROUP Reports Q3 EPS $1.10, from 4:07PM ET on Tuesday Nov 05, 2024 by MT Newswires

  4:07PM ET on Tuesday Nov 05, 2024 by MT Newswires
  Companies Mentioned: SAFT
  04:07 PM EST, 11/05/2024 (MT Newswires) -- ...

• Safety Insurance Group, Inc. Announces Third Quarter 2024 Results and Declares Fourth Quarter 2024 Dividend, from 4:05PM ET on Tuesday Nov 05, 2024 by Dow Jones

  4:05PM ET on Tuesday Nov 05, 2024 by Dow Jones
  Companies Mentioned: SAFT
  Cash dividends paid per common share $ 0.90 $ 0.90 $ 2.70 $ 2.70 ========== ========== ========== ========== Number of shares used in computing earnings per share: Basic 14,838,584 14,645,988 14,689,025 14,669,709 ========== ========== ========== ========== Diluted 14,865,211 14,682,082 14,715,494 14,721,063 ========== ========== ========== ========== Reconciliation of Net Income to Non-GAAP Operating Income Net income $ 25,889 $ 1,949 $ 62,603 $ 6,613 Exclusions from net income: Net realized gains on investments (1,314) (270) (4,521) (1,111) Change in net unrealized gains on equity securities (10,698) 9,184 (14,880) 2,148 Credit loss expense 158 (403) 337 554 Income tax expense (benefit) on exclusions from net income 2,489 (1,787) 4,003 (334) ---------- ---------- ---------- ---------- Non-GAAP operating income $ 16,524 $ 8,673 $ 47,542 $ 7,870 ========== ========== ========== ========== Net income per diluted share $ 1.73 $ 0.13 $ 4.24 $ 0.45 Exclusions from net income: Net realized gains on investments (0.09) (0.02) (0.31) (0.08) Change in net unrealized gains on equity securities (0.72) 0.63 (1.01) 0.15 Credit loss expense 0.01 (0.03) 0.02 0.04 Income tax expense (benefit) on exclusions from net income 0.17 (0.12) 0.27 (0.02) ---------- ---------- ---------- ---------- Non-GAAP operating income per diluted share $ 1.10 $ 0.59 $ 3.21 $ 0.54 ========== ========== ========== ==========
  

• Press Release: Safety Insurance Group, Inc. Announces Third Quarter 2024 Results and Declares Fourth Quarter 2024 Dividend, from 4:05PM ET on Tuesday Nov 05, 2024 by Dow Jones

  4:05PM ET on Tuesday Nov 05, 2024 by Dow Jones
  Companies Mentioned: SAFT