NASDAQ$SAFT
Safety Insurance Group Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Net income decreased compared to the same quarter last year.
Safety Insurance Group reported a decrease in net income for the second quarter of 2021, with earnings of $37.7 million, or $2.49 per diluted share, compared to $42.5 million, or $2.78 per diluted share, in the same period of 2020. Non-GAAP operating income was $1.85 per diluted share, down from $1.95 per diluted share in the prior year.
- Net income for Q2 2021 was $37.7 million, or $2.49 per diluted share, compared to $42.5 million, or $2.78 per diluted share, for Q2 2020.
- Non-GAAP operating income for Q2 2021 was $1.85 per diluted share, compared to $1.95 per diluted share for Q2 2020.
- Direct written premiums for Q2 2021 increased by $11.9 million, or 5.8%, to $217.2 million.
- Net earned premiums for Q2 2021 increased by $12.4 million, or 6.8%, to $194.3 million.
Headline financials
Revenue & EPS history
Safety Insurance · Revenue · Quarterly
$223M
Revenue by segment
Safety Insurance · $204M total across 2 segments · Q2 2021
- Net Earned Premiums$194M—95.2%
- Net Investment Income$9.77M-1.4%4.8%
Forward guidance
This press release contains forward-looking statements that are subject to risks and uncertainties. Actual results may differ materially from these statements due to various factors, including competition, regulatory conditions, weather-related claims, and the impact of COVID-19.
Tailwinds
- The Company may make written or oral forward-looking statements within the meaning of the U.S. federal securities laws.
- Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts.
- All statements that address expectations or projections about the future are forward-looking statements.
- The Company strategy includes growth, product development, and market position.
- The Company expenditures and financial results are forward looking statements.
Headwinds
- The competitive nature of the 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 effects of emerging claim and coverage issues on the Company’s business are uncertain.
- The impact of COVID-19 and related risks, including on the Company's employees, agents or other key partners, could materially affect the Company's results of operations, financial position and/or liquidity.
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 Q2 2021
-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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