NASDAQ$SAFT
Safety Insurance Group Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Safety Insurance Group reported a decrease in net income due to a return to pre-pandemic level frequency in the private passenger line of business and an increase in physical damage inflation costs.
Safety Insurance Group, Inc. reported first quarter 2022 results with a net income of $7.8 million, or $0.53 per diluted share, compared to $36.2 million, or $2.42 per diluted share, for the comparable 2021 period. The combined ratio was 98.7%, impacted by pre-pandemic frequency in the private passenger line and increased physical damage inflation costs. Direct written premiums decreased by 1.4% to $189.5 million.
- Net income for the quarter was $7.8 million, or $0.53 per diluted share.
- Non-GAAP operating income was $0.99 per diluted share.
- Direct written premiums decreased by 1.4% to $189.5 million.
- The combined ratio for the quarter was 98.7%.
Headline financials
Revenue & EPS history
Safety Insurance · Revenue · Quarterly
$195M
Revenue by segment
Safety Insurance · $14M total across 1 segment · Q3 2023
- Net Investment Income$14M—100.0%
Forward guidance
This press release contains forward-looking statements that are subject to risks and uncertainties, and actual results may differ materially from those projected.
Headwinds
- The competitive nature of our industry and the possible adverse effects of such competition.
- Conditions for business operations and restrictive regulations in Massachusetts.
- The possibility of losses due to claims resulting from severe weather.
- The possibility that the Commissioner of Insurance may approve future rule changes that change the operation of the residual market.
- Our possible need for and availability of additional financing, and our dependence on strategic relationships, among others.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
-0.3%
Avg return
Earnings day
-0.2%
Avg return
5 days after
+0.4%
Avg return
30 days after
48%
31 / 65 earnings
Positive
+12.8%
Q3 2024
Best reaction
-8.1%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.9% | -4.2% | -3.6% | |
| Q4 2025 | -0.7% | -3.5% | -7.3% | |
| Q3 2025 | +2.0% | +9.6% | +6.0% | |
| Q1 2025 | +0.3% | -1.5% | -4.9% | |
| Q4 2024 | -5.5% | -4.0% | -0.6% | |
| Q3 2024 | +12.8% | +10.3% | +11.3% | |
| Q2 2024 | +0.7% | +1.0% | +6.7% | |
| Q1 2024 | +3.9% | +0.7% | -5.3% | |
| Q4 2023 | -3.8% | -6.3% | -3.8% | |
| Q3 2023 | +4.2% | +3.9% | +3.0% | |
| Q2 2023 | +0.7% | +2.7% | -3.8% | |
| Q1 2023 | -1.6% | -2.9% | +3.7% | |
| Q4 2022 | -8.1% | -7.2% | -16.1% | |
| Q3 2022 | -3.0% | +1.4% | +4.4% | |
| Q2 2022 | -0.2% | +4.4% | +4.3% | |
| Q1 2022 | +1.9% | +1.7% | +7.9% | |
| Q4 2021 | -2.3% | -2.4% | +7.0% | |
| Q3 2021 | -0.5% | +1.4% | -0.4% | |
| Q2 2021 | +1.6% | +4.2% | +4.8% | |
| Q1 2021 | +4.1% | +4.8% | +1.2% | |
| Q4 2020 | +2.8% | +1.2% | +6.0% | |
| Q3 2020 | -0.9% | +2.6% | +5.4% | |
| Q2 2020 | +1.5% | +6.9% | -3.8% | |
| Q1 2020 | -3.2% | -3.2% | +0.9% | |
| Q4 2019 | -6.2% | -8.8% | -15.5% | |
| Q3 2019 | -3.3% | -3.5% | -2.9% | |
| Q2 2019 | -3.0% | -6.3% | -4.0% | |
| Q1 2019 | +0.3% | +3.0% | -1.9% | |
| Q4 2018 | +0.1% | -3.9% | -4.7% | |
| Q3 2018 | -1.6% | +0.6% | +3.0% | |
| Q2 2018 | +2.3% | +0.7% | +5.6% | |
| Q1 2018 | -0.9% | +0.4% | +7.3% | |
| Q4 2017 | -2.5% | -3.7% | +4.0% | |
| Q3 2017 | -1.3% | -2.0% | +0.4% | |
| Q2 2017 | +3.5% | +0.6% | -0.3% | |
| Q1 2017 | -1.6% | -3.8% | -5.1% | |
| Q4 2016 | +1.0% | -2.0% | -6.2% | |
| Q3 2016 | -2.4% | -2.2% | +4.7% | |
| Q2 2016 | +1.3% | +1.4% | +7.4% | |
| Q1 2016 | +5.1% | — | — | |
| Q4 2015 | -0.2% | — | — | |
| Q3 2015 | -2.3% | — | — | |
| Q2 2015 | -4.0% | — | — | |
| Q1 2015 | -5.2% | — | — | |
| Q4 2014 | -1.4% | — | — | |
| Q3 2014 | -5.9% | — | — | |
| Q2 2014 | +2.1% | — | — | |
| Q1 2014 | +1.0% | — | — | |
| Q4 2013 | -2.7% | — | — | |
| Q3 2013 | +2.3% | — | — | |
| Q2 2013 | +1.3% | — | — | |
| Q1 2013 | -0.2% | — | — | |
| Q4 2012 | -3.3% | — | — | |
| Q3 2012 | -2.2% | — | — | |
| Q2 2012 | +1.4% | — | — | |
| Q1 2011 | -0.4% | — | — | |
| Q1 2012 | +2.5% | — | — | |
| Q4 2009 | +1.3% | — | — | |
| Q4 2011 | +1.3% | — | — | |
| Q3 2011 | -2.9% | — | — | |
| Q3 2010 | -2.9% | — | — | |
| Q2 2011 | +2.3% | — | — | |
| Q2 2010 | +2.3% | — | — | |
| Q4 2010 | +2.3% | — | — | |
| Q1 2010 | +0.4% | — | — |
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