earnings
confidence high
sentiment negative
materiality 0.70
Safety Insurance Q3 net income $24.8M ($1.64 EPS) vs $44.7M; combined ratio 93.9% vs 85.0% YoY
SAFETY INSURANCE GROUP INC
2021-Q3 EPS reported
$6.58
revenue$658,491,000
- Net income $24.8M ($1.64 diluted EPS) vs $44.7M ($2.96) in Q3 2020, down 44.5%.
- Non-GAAP operating income $1.70 per diluted share vs $2.53 in Q3 2020.
- Combined ratio 93.9% (loss 61.3%, expense 32.6%) vs 85.0% in prior-year quarter.
- Direct written premiums $211.1M, down 1.1% YoY; net investment income up 14.3% to $11.1M.
- Board declares $0.90 per share quarterly dividend, payable Dec 15, 2021 to holders of record Dec 1, 2021.