earnings
confidence high
sentiment positive
materiality 0.65
Safety Insurance Q1 net income $21.9M ($1.48 EPS); combined ratio improves to 99.4%
SAFETY INSURANCE GROUP INC
2025-Q1 EPS
reported $1.48
vs consensus $1.27
▲ beat
(+16.1%)
- Net income $21.9M ($1.48 diluted EPS) vs $20.1M ($1.36) in Q1 2024; non-GAAP operating EPS $1.28 vs $0.93.
- Combined ratio improved to 99.4% from 101.9% YoY, driven by lower loss and expense ratios.
- Direct written premiums up 11.8% to $299.0M; net earned premiums up 15.5% to $272.7M.
- Book value per share rose to $57.12 from $55.83 at Dec 31, 2024.
- Board declared $0.90 quarterly dividend, payable June 13, 2025 to holders of record June 2, 2025.