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Last $58.16 USD
Change Today +0.17 / 0.29%
Volume 68.4K
SAFT On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:10 PM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

safety insurance group inc (SAFT) Snapshot

Open
$58.15
Previous Close
$57.99
Day High
$58.44
Day Low
$57.97
52 Week High
02/6/15 - $65.98
52 Week Low
06/5/14 - $48.43
Market Cap
877.8M
Average Volume 10 Days
45.9K
EPS TTM
$3.90
Shares Outstanding
15.1M
EX-Date
02/26/15
P/E TM
14.9x
Dividend
$2.80
Dividend Yield
4.64%
Current Stock Chart for SAFETY INSURANCE GROUP INC (SAFT)

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safety insurance group inc (SAFT) Details

Safety Insurance Group, Inc., through its subsidiaries, provides private passenger automobile insurance in Massachusetts and New Hampshire. Its private passenger automobile policies offer coverage for bodily injury and property damage to others, no-fault personal injury coverage for the insured/insured’s car occupants, and physical damage coverage for an insured’s own vehicle for collision or other perils. The company also provides commercial automobile policies that offer insurance for commercial vehicles used for business purposes, including private passenger-type vehicles, trucks, tractors and trailers, insure individual vehicles, and commercial fleets; and homeowners policies, which provide coverage for homes, condominiums, and apartments for losses to a dwelling and its contents from various perils, and coverage for liability to others arising from ownership or occupancy. In addition, it offers business owners policies that cover apartments and residential condominiums, limited cooking restaurants, office condominiums, processing and services businesses, special trade contractors, and wholesaling businesses. Further, the company provides commercial package policies, which offer any combination of property, general liability, crime, and inland marine insurance for business enterprises; personal umbrella policies that provide personal excess liability coverage over and above the limits of individual automobile, watercraft, and homeowner’s insurance policies; and commercial umbrella policies to its clients, as well as underwrites dwelling fire insurance for non-owner occupied residences. Additionally, it offers inland marine coverage for homeowners and business owner policies; and watercraft coverage for small and medium sized pleasure crafts. Safety Insurance Group, Inc. was founded in 1979 and is based in Boston, Massachusetts.

610 Employees
Last Reported Date: 03/2/15
Founded in 1979

safety insurance group inc (SAFT) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $828.4K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $400.0K
Vice President of Underwriting
Total Annual Compensation: $358.4K
Vice President of Insurance Operations
Total Annual Compensation: $263.7K
Vice President of Marketing
Total Annual Compensation: $350.0K
Compensation as of Fiscal Year 2014.

safety insurance group inc (SAFT) Key Developments

Safety Insurance Group Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Safety Insurance Group Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net income was $10.4 million, or $0.69 per diluted share, compared to net income of $11.7 million, or $0.76 per diluted share, for the comparable 2013 period. Direct written premiums for the quarter ended December 31, 2014 increased by $7.8 million, or 4.8%, to $168.4 million from $160.6 million for the comparable 2013 period. Net written premiums for the quarter ended December 31, 2014 increased by $8.5 million, or 5.6%, to $159.8 million from $151.3 million for the comparable 2013 period Net earned premiums for the quarter ended December 31, 2014 increased by $8.8 million, or 5.1%, to $182.5 million from $173.7 million for the comparable 2013 period. Net investment income for the quarter ended December 31, 2014 decreased by $1.9 million, or 14.7%, to $11.0 million from $12.9 million for the comparable 2013 period. Total revenue was $198,645,000 compared to $191,793,000 for the same period a year ago. Income before income taxes was $14,616,000 compared to $17,072,000 for the same period a year ago. For the full year, the company reported net income was $59.4 million, or $3.91 per diluted share, compared to $61.4 million, or $3.98 per diluted share, for the comparable 2013 period. Book value per share increased to $47.19 at December 31, 2014 from $45.18 at December 31, 2013. Direct written premiums for the twelve months ended December 31, 2014 increased by $34.0 million, or 4.6%, to $765.7 million from $731.7 million for the comparable 2013 period. The 2014 increase occurred primarily in commercial automobile and homeowners lines of business, which experienced increases in average written premium per exposure of 5.8% and 3.6%, respectively. Written exposures increased in commercial automobile and homeowners lines of business by 5.7% and 7.5%, respectively. Net written premiums for the twelve months ended December 31, 2014 increased by $37.4 million, or 5.4%, to $734.9 million from $697.5 million for the comparable 2013 period. Net earned premiums for the twelve months ended December 31, 2014 increased by $35.1 million, or 5.1%, to $716.9 million from $681.8 million for the comparable 2013 period. Net written and net earned premiums increased primarily due to increases in commercial automobile and homeowners business lines. Net investment income for the twelve months ended December 31, 2014 decreased by $0.7 million, or 1.7%, to $42.3 million from $43.0 million for the comparable 2013 period. Total revenue was $778,797,000 compared to $745,284,000 for the same period a year ago. Income before income taxes was $83,318,000 compared to $87,688,000 for the same period a year ago.

Safety Declares First Quarter 2015 Dividend, Payable on March 13, 2015

Safety Insurance Group Inc. announced that its Board of Directors approved a $0.70 per share quarterly cash dividend on its issued and outstanding common stock payable on March 13, 2015 to shareholders of record at the close of business on March 2, 2015.

Safety Insurance Group Inc. Declares Dividend for the Fourth Quarter of 2014, Payable on December 15, 2014

The board of directors of Safety Insurance Group Inc. approved and declared a quarterly cash of $0.70 per share on the issued and outstanding common stock, payable on December 15, 2014 to shareholders of record at the close of business on December 1, 2014.

 

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Price/Sales 1.1x
Price/Book 1.2x
Price/Cash Flow 14.7x
TEV/Sales 1.1x
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