Safety Insurance Group, Inc. (SAFT) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5422218642204742
Cash and cash equivalents54443842204742
Short-term investments0178148    
Total current assets:5422218642204742
Noncurrent Assets
Operating lease, right-of-use asset3134
Property, plant and equipment22201610988
Long-term investments and receivables45372323211812
Long-term investments45372323211812
Total noncurrent assets:98913933302620
Other undisclosed assets1,9021,7091,6321,7331,7081,6301,613
TOTAL ASSETS:2,0542,0231,8561,8071,7581,7041,676
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt186     
Deferred income tax liabilities186
Total noncurrent liabilities:186     
Other undisclosed liabilities1,1521,2091,1381,1061,0881,059967
Total liabilities:1,1701,2141,1381,1061,0881,059967
Stockholders' equity
Stockholders' equity attributable to parent885808719701671644708
Common stock0000000
Treasury stock, value(124)(84)(84)(84)(84)(84)(84)
Additional paid in capital210202196190185180176
Accumulated other comprehensive income (loss)5428(11)24161629
Retained earnings745662617571554532588
Total stockholders' equity:885808719701671644708
TOTAL LIABILITIES AND EQUITY:2,0542,0231,8561,8071,7581,7041,676

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues846878836839820798779
Premiums earned, net771789782
Financial services revenue774756738717
Cost of revenue(405)(510)(486)(504)(493)(613)(609)
Policyholder benefits and claims incurred, net(405)(510)(486)
Deferred policy acquisition costs, amortization expense      (133)
Financial services costs(504)(493)(613)(476)
Gross profit:442368351335326185170
Operating expenses(266)(244)(247)(248)(233)(214)(219)
Operating income (loss):1751241048793(29)(49)
Nonoperating expense
(Investment Income, Nonoperating)
      (3)
Interest and debt expense(0)(0)(0)(0)(0)(0)(0)
Other undisclosed income from continuing operations before equity method investments, income taxes      135
Income (loss) from continuing operations before equity method investments, income taxes:1751241048793(29)83
Income from equity method investments      1
Income (loss) from continuing operations before income taxes:1751241048793(29)84
Income tax expense (benefit)(37)(24)(21)(24)(29)15(24)
Net income (loss) attributable to parent:138100836265(14)60
Undistributed earnings (loss) allocated to participating securities, basic1(1)(0)(0)
Other undisclosed net loss available to common stockholders, basic      (1)
Net income (loss) available to common stockholders, diluted:13999836265(14)59

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):138100836265(14)60
Comprehensive income (loss):138100836265(14)60
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2539(23)8(1)(12)11
Comprehensive income (loss), net of tax, attributable to parent:164138607164(26)71

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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