Safety Insurance Group, Inc. (SAFT) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2221864220474256
Cash and cash equivalents44384220474256
Short-term investments178148     
Total current assets:2221864220474256
Noncurrent Assets
Operating lease, right-of-use asset34
Property, plant and equipment20161098811
Long-term investments and receivables3723232118126
Long-term investments3723232118126
Total noncurrent assets:91393330262016
Other undisclosed assets1,7091,6321,7331,7081,6301,6131,553
TOTAL ASSETS:2,0231,8561,8071,7581,7041,6761,625
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt6      
Deferred income tax liabilities6
Total noncurrent liabilities:6      
Other undisclosed liabilities1,2091,1381,1061,0881,059967930
Total liabilities:1,2141,1381,1061,0881,059967930
Stockholders' equity
Stockholders' equity attributable to parent808719701671644708695
Common stock0000000
Treasury stock, value(84)(84)(84)(84)(84)(84)(60)
Additional paid in capital202196190185180176170
Accumulated other comprehensive income (loss)28(11)2416162917
Retained earnings662617571554532588568
Total stockholders' equity:808719701671644708695
TOTAL LIABILITIES AND EQUITY:2,0231,8561,8071,7581,7041,6761,625

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues878836839820798779745
Premiums earned, net789782
Financial services revenue774756738717725
Cost of revenue(510)(486)(504)(493)(613)(609)(448)
Policyholder benefits and claims incurred, net(510)(486)
Deferred policy acquisition costs, amortization expense     (133)126
Financial services costs(504)(493)(613)(476)(448)
Gross profit:368351335326185170298
Operating expenses(244)(247)(248)(233)(214)(219)(210)
Operating income (loss):1241048793(29)(49)88
Nonoperating expense
(Investment Income, Nonoperating)
     (3)(2)
Interest and debt expense(0)(0)(0)(0)(0)(0)(0)
Other undisclosed income from continuing operations before equity method investments, income taxes     1352
Income (loss) from continuing operations before equity method investments, income taxes:1241048793(29)8388
Income from equity method investments     10
Income (loss) from continuing operations before income taxes:1241048793(29)8488
Income tax expense (benefit)(24)(21)(24)(29)15(24)(26)
Net income (loss) attributable to parent:100836265(14)6061
Undistributed earnings (loss) allocated to participating securities, basic(1)(0)(0)
Other undisclosed net loss available to common stockholders, basic     (1)(0)
Net income (loss) available to common stockholders, diluted:99836265(14)5961

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):100836265(14)6061
Comprehensive income (loss):100836265(14)6061
Other undisclosed comprehensive income (loss), net of tax, attributable to parent39(23)8(1)(12)11(26)
Comprehensive income (loss), net of tax, attributable to parent:138607164(26)7135

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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