Safety Insurance Group, Inc. (SAFT) financial statements (2022 and earlier)

Company profile

Business Address 20 CUSTOM HOUSE STREET
BOSTON, MA 02110
State of Incorp. DE
Fiscal Year End December 31
SIC 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments32954222186422047
Cash and cash equivalents64544438422047
Short-term investments2650178148   
Total current assets:32954222186422047
Noncurrent Assets
Operating lease, right-of-use asset273134
Property, plant and equipment232220161098
Long-term investments and receivables88453723232118
Long-term investments88453723232118
Total noncurrent assets:138989139333026
Other undisclosed assets1,6501,9021,7091,6321,7331,7081,630
TOTAL ASSETS:2,1172,0542,0231,8561,8071,7581,704
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt15186    
Deferred income tax liabilities15186
Total noncurrent liabilities:15186    
Other undisclosed liabilities1,1751,1521,2091,1381,1061,0881,059
Total liabilities:1,1901,1701,2141,1381,1061,0881,059
Stockholders' equity
Stockholders' equity attributable to parent927885808719701671644
Common stock0000000
Treasury stock, value(135)(124)(84)(84)(84)(84)(84)
Additional paid in capital216210202196190185180
Accumulated other comprehensive income (loss)255428(11)241616
Retained earnings822745662617571554532
Total stockholders' equity:927885808719701671644
TOTAL LIABILITIES AND EQUITY:2,1172,0542,0231,8561,8071,7581,704

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues885846878836839820798
Premiums earned, net774771789782
Financial services revenue774756738
Cost of revenue(462)(405)(510)(486)(504)(493)(613)
Policyholder benefits and claims incurred, net(462)(405)(510)(486)
Financial services costs(504)(493)(613)
Gross profit:423442368351335326185
Operating expenses(258)(266)(244)(247)(248)(233)(214)
Operating income (loss):1651751241048793(29)
Interest and debt expense(1)(0)(0)(0)(0)(0)(0)
Income (loss) from continuing operations before income taxes:1641751241048793(29)
Income tax expense (benefit)(34)(37)(24)(21)(24)(29)15
Net income (loss) attributable to parent:131138100836265(14)
Undistributed earnings (loss) allocated to participating securities, basic11(1)(0)(0)
Net income (loss) available to common stockholders, diluted:13113999836265(14)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):131138100836265(14)
Comprehensive income (loss):131138100836265(14)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(29)2539(23)8(1)(12)
Comprehensive income (loss), net of tax, attributable to parent:102164138607164(26)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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