earnings
confidence high
sentiment positive
materiality 0.75
Safety Insurance Q3 net income $25.9M ($1.73 EPS), combined ratio improves to 100.7%
SAFETY INSURANCE GROUP INC
2024-Q3 EPS reported
$4.24
revenue$833,298,000
- Q3 net income $25.9M ($1.73 diluted EPS) vs $1.9M ($0.13) in Q3 2023.
- Non-GAAP operating income $1.10/diluted share vs $0.59 in prior year quarter.
- Combined ratio improved to 100.7% from 104.8%; loss ratio 70.6% vs 74.4%.
- Direct written premiums rose 19.1% to $318.2M; book value per share $57.38 (+5.5% YTD).
- Declared $0.90 quarterly dividend payable Dec 13, 2024 to holders of record Dec 2.