NASDAQ$SAFT
Safety Insurance Group Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Net income increased and combined ratio improved due to decreased claims frequency.
Safety Insurance Group reported a significant increase in net income for Q3 2020, driven by a decrease in loss and loss adjustment expenses. The combined ratio also improved substantially compared to the same period in 2019. Direct written premiums and net earned premiums experienced slight decreases.
- Net income for Q3 2020 was $44.7 million, or $2.96 per diluted share, compared to $15.6 million, or $1.01 per diluted share, for Q3 2019.
- Non-GAAP operating income for Q3 2020 was $2.53 per diluted share, compared to $0.98 per diluted share for Q3 2019.
- Direct written premiums decreased by 5.5% to $213.4 million compared to the same period last year.
- Loss and loss adjustment expenses incurred decreased by $37.9 million, or 28.1%, to $97.1 million.
Headline financials
Revenue & EPS history
Safety Insurance · Revenue · Quarterly
$222M
Revenue by segment
Safety Insurance · $9.72M total across 1 segment · Q3 2020
- Net Investment Income$9.72M-18.7%100.0%
Forward guidance
This document does not contain forward guidance.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2020
-0.3%
Avg return
Earnings day
-0.2%
Avg return
5 days after
+0.5%
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 | -2.0% | -4.3% | — | |
| 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 2010 | -2.9% | — | — | |
| Q3 2011 | -2.9% | — | — | |
| Q4 2010 | +2.3% | — | — | |
| Q2 2010 | +2.3% | — | — | |
| Q2 2011 | +2.3% | — | — | |
| Q1 2010 | +0.4% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro