earnings
confidence high
sentiment negative
materiality 0.65
Safety Insurance Q2 net income falls to $37.7M ($2.49 EPS) from $42.5M; combined ratio worsens to 90.2%
SAFETY INSURANCE GROUP INC
2021-Q2 EPS reported
$4.93
revenue$444,783,000
- Net income $37.7M ($2.49 diluted EPS) vs $42.5M ($2.78) in Q2 2020.
- Non-GAAP operating income $1.85 per diluted share vs $1.95 a year ago.
- Combined ratio 90.2% (loss 56.7%, expense 33.5%) vs 84.9% in Q2 2020, reflecting normalized auto claims.
- Direct written premiums up 5.8% to $217.2M; net earned premiums up 6.8% to $194.3M.
- Declared $0.90 quarterly dividend payable Sept 15, 2021 to holders of record Sept 1.