SAFETY INSURANCE GROUP INC company info

CIK 1172052
IRS Number 134181699
State of incorporation DE
Business address 20 CUSTOM HOUSE STREET
None
BOSTON
MA
02110
Mail address 20 CUSTOM HOUSE STREET
None
BOSTON
MA
02110

Short summary

SAFETY INSURANCE GROUP INC is a Massachusetts company, with head office located at 20 Custom House Street Boston, Massachusetts 02110. The company achieved a record breaking net income last year - 83.19 million USD. This is 33.35% higher than one reported in 2017. In 2018 the company owned a total of 1.92 billion USD worth of assets. An analysis of the recent trend shows a steady growth of company assets, with a 4.79% growth from the last year and a 30.78% increase in the 8 year period.

SAFETY INSURANCE GROUP INC Income Statement

Name [in Millions USD]20082009201020112012201320142015201620172018Trends
Revenue, Net 660.16703.87
Operating Expenses 179.16200.14209.76219.02213.94233.02248.44246.64
Interest expense 0.140.090.090.090.090.090.090.090.090.09
Investment Income, Interest and Dividend 42.7240.7242.85
Income Tax Expense (Benefit) 20.2422.620.5723.3526.3423.96-14.7928.7024.3121.06
Net income 54.1556.3413.7058.07-13.8564.5962.3983.20

SAFETY INSURANCE GROUP INC Balance Sheet

Name [in Millions USD]20082009201020112012201320142015201620172018Trends
Cash and cash equivalents 60.4540.0455.5187.9935.7937.7421.2944.0534.3018.7222.89
Property, Plant and Equipment, Gross 27.5533.0834.8038.8443.7549.7060.87
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 18.4622.4226.5130.4234.8039.8445.28
Total assets 1,466.591,582.241,592.451,652.921,724.571,764.501,815.051,830.331,918.02
Total liabilities 820.17900.90908.09949.221,078.231,084.461,121.221,133.861,162.96
Common Stock, Value, Issued 0.170.170.170.170.170.170.180.180.18
Retained Earnings (Accumulated Deficit) 520.54537.84556.95582.88530.59544.67565.78594.17631.36
Accumulated Other Comprehensive Income (Loss), Net of Tax 26.2538.7819.8531.3121.8536.7524.45-6.549.35

SAFETY INSURANCE GROUP INC Cash Flow

Name [in Millions USD]20082009201020112012201320142015201620172018Trends
Net income 54.1556.3413.7058.07-13.8564.5962.3983.20
Depreciation and amortization 3.914.385.045.47
Depreciation and amortization 12.0512.5313.5514.3212.3313.1212.605.396.965.27
Depreciation and amortization 2.533.284.453.974.133.914.385.045.46
Deferred Income Tax Expense (Benefit) -3.023.02-0.691.021.90-0.600.551.682.09-5.60
Accounts receivable -1.558.498.4211.613.556.233.049.132.95-0.59
Net Cash Provided by (Used in) Operating Activities 64.4851.1139.94104.3522.8998.8282.04127.69
Payments to Acquire Property, Plant, and Equipment 0.342.394.384.214.921.764.044.915.9611.18
Net Cash Provided by (Used in) Investing Activities 16.09-54.42-12.41-74.4523.85-84.25-14.92-83.00
Net Cash Provided by (Used in) Investing Activities, Continuing Operations -12.41-74.45-51.30-48.5223.85-84.25
Payments for Repurchase of Common Stock 42.205.810.0404.8023.47
Payments of Ordinary Dividends, Common Stock 24.8427.1030.3233.6336.8739.3041.9842.2745.4648.81
Net Cash Provided by (Used in) Financing Activities -66.55-30.87-29.47-32.41-41.70-42.01-45.46-48.81
Cash and Cash Equivalents, Period Increase (Decrease) 14.02-34.18-2.40-2.5120.49-13.425.04-27.4421.66