NASDAQ$SAFT

Safety Insurance Group Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Safety Insurance's financial performance decreased compared to the same period last year.

Safety Insurance Group reported a decrease in net income for the fourth quarter of 2022, with earnings per diluted share also declining. Direct and net written premiums increased, but losses and loss adjustment expenses also rose due to increased frequency in the automobile line and inflation.

  • Net income for Q4 2022 was $24.6 million, or $1.67 per diluted share, compared to $32.0 million, or $2.14 per diluted share, for Q4 2021.
  • Non-GAAP operating income for Q4 2022 was $0.98 per diluted share, compared to $1.55 per diluted share for Q4 2021.
  • Direct written premiums for Q4 2022 increased by 10.9% to $201.4 million from $181.6 million in Q4 2021.
  • Net earned premiums for Q4 2022 increased slightly by 0.2% to $193.2 million from $192.8 million in Q4 2021.

Headline financials

Total Revenue

$193M

Previous: $193M+0.2%
EPS (adj)

$0.98

Previous: $1.55-36.8%
Combined Ratio

100.7%

Previous: 96.4%+4.5%
Capital Expenditures

$570K

Previous: $1.37M-58.4%
Free Cash Flow

$20.4M

Previous: $29.4M-30.7%
Net Income

$24.6M

Previous: $32M-23.1%
Operating Income

$31.8M

Previous: $23.3M+36.8%
Gross Profit

$224M

Previous: $219M+2.0%
Cash & Equivalents

$25.3M

Previous: $63.6M-60.2%
Total Assets

$1.97B

Previous: $2.12B-6.8%

Revenue & EPS history

Safety Insurance · Revenue · Quarterly

$193M

Q4 2022+0.2%vs Q4 2021

Revenue by segment

Safety Insurance · $13.4M total across 1 segment · Q4 2022

  • Net Investment Income
    $13.4M

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 Q4 2022

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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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