|
|
Safety Insurance Group inc (SAFT) |
|
Price: $69.6600
$-0.35 
-0.500%
|
| Day's High:
| $70.23
| Week Perf:
| 0.66 %
|
| Day's Low: |
$ 69.36 |
30 Day Perf: |
1.03 % |
| Volume (M): |
30 |
52 Wk High: |
$ 92.61 |
| Volume (M$): |
$ 2,076 |
52 Wk Avg: |
$77.56 |
| Open: |
$69.69 |
52 Wk Low: |
$65.78 |
|
|
| Market Capitalization (Millions $) |
1,025 |
| Shares
Outstanding (Millions) |
15 |
| Employees |
622 |
| Revenues (TTM) (Millions $) |
862 |
| Net Income (TTM) (Millions $) |
35 |
| Cash Flow (TTM) (Millions $) |
-14 |
| Capital Exp. (TTM) (Millions $) |
2 |
Safety Insurance Group Inc
We are a leading provider of private passenger automobile insurance in Massachusetts.
In addition to private passenger automobile insurance (which represented 59.6%
of our direct written premiums in 2015), we offer a portfolio of property and
casualty insurance products, including commercial automobile, homeowners, dwelling
fire, umbrella and business owner policies. Operating exclusively in Massachusetts
and New Hampshire through our insurance company subsidiaries, Safety Insurance
Company ("Safety Insurance"), Safety Indemnity Insurance Company ("Safety
Indemnity") and Safety Property and Casualty Insurance Company ("Safety
P&C") (together referred to as the "Insurance Subsidiaries"),
we have established strong relationships with independent insurance agents,
who numbered 924 in 1,102 locations throughout Massachusetts and New Hampshire
during 2015. We have used these relationships and our extensive knowledge of
the Massachusetts market to become the third largest private passenger automobile
carrier, capturing an approximate 10.2% share of the Massachusetts private passenger
automobile insurance market, and the second largest commercial automobile carrier,
with an 14.1% share of the Massachusetts commercial automobile insurance market
in 2015 according to statistics compiled by Commonwealth Automobile Reinsurers
("CAR"). We are also the fourth largest homeowners insurance carrier
in Massachusetts with a 7.2% share of the Massachusetts homeowners insurance
market. In addition, we were also ranked the 45th largest automobile writer
in the country according to A.M. Best, based on 2014 direct written premiums.
We were incorporated under the laws of Delaware in 2001, but through our predecessors,
we have underwritten insurance in Massachusetts since 1979.
Company Address: 20 Custom House Street Boston 2110 MA
Company Phone Number: 951-0600 Stock Exchange / Ticker: NASDAQ SAFT
| SAFT is expected to report next financial results on November 03, 2023. |
|
|
|
|
Customers Net Income grew by |
SAFT's Customers Net Profit Margin grew to |
|
23.49 %
|
|
|
|
|
|
|
|
| Stock Performances by Major Competitors |
|
|
|
|
Old Republic International Corporation
Old Republic International Corporation (ORI), a prominent Property and Casualty Insurance company, recently reported its financial results for the fiscal time-frame ending June 30, 2023. Despite a decline in revenue by -0.663% to $1.80 billion compared to the previous year, ORI managed to achieve profitability with an EPS of $0.54. This is a significant improvement from the previous reporting season, where income per share was $0.68.
While ORI experienced a decrease in revenue, the rest of the Property and Casualty Insurance sector recorded a remarkable revenue growth of 21.82% in the second quarter of 2023 when compared to the same period last year. This indicates that ORI's performance may not be in line with the industry trend.
|
|
Ni Holdings Inc
Ni Holdings Inc, a prominent player in the financial industry, reported a surge in revenue in the second quarter of 2023. However, a closer look at the financial report reveals a concerning trend that may foreshadow a bearish outlook for the company. This article will delve into the factors contributing to the bearish sentiment surrounding Ni Holdings Inc.
Revenue Growth Marred by High Losses and Increased Shortfall:
Despite a significant increase in revenue by 27.954% to $96.98 million from the same quarter the previous year, Ni Holdings Inc's losses deepened further. The company reported a loss of $-0.38 per share, compared to the previous period's $-0.20 per share. This represents a substantial increase in the shortfall, suggesting a lack of effective cost management strategies within the company.
|
|
Kinsale Capital Group Inc
Interpreting the Financial Results of Kinsale Capital Group Inc.
As an avid investor, I am always on the lookout for companies that deliver impressive financial results and show potential for growth. Recently, Kinsale Capital Group Inc caught my attention with its second-quarter results for 2023. The figures were quite bewildering and indicated a remarkable upward trajectory for the company.
|
|
Cincinnati Financial Corporation
As an analyst for the Wall Street Journal, I am constantly monitoring the performance of various companies and their financial results. I recently delved into the financials of Cincinnati Financial Corporation (CINF) and found some intriguing figures.
One notable highlight is CINF's impressive revenue growth of 217.683% year on year, reaching $2.61 billion in the fiscal period ending on June 30, 2023. This significant uptick in revenue is a positive indicator of the company's business prospects.
|
|
American Coastal Insurance Corporation
American Coastal Insurance Corporation has shown significant improvement in its financial performance during the April to June 2023 fiscal quarter. The company's income per share turned positive at $0.41, which is a notable contrast to the previous year's loss of $-1.60 per share in the same quarter. However, it is important to note that the earnings per share (EPS) witnessed a decline of -93.16% from the preceding quarter, dropping from $5.99 per share to a loss of $-104.05 million.
Despite this decline in EPS, the company's financial position has improved compared to the corresponding quarter of the previous year. The net loss for the April to June 2023 fiscal period stood at $-17.779 million, a considerable improvement from the deficit of $-69.055 million in the same quarter a year ago. This shift indicates that American Coastal Insurance Corporation has taken steps to enhance its financial stability and reduce losses.
|
| Per Share |
Current |
| Earnings (TTM) |
2.42 $ |
| Revenues (TTM) |
58.57 $
|
| Cash Flow (TTM) |
- |
| Cash |
1.72 $
|
| Book Value |
53.92 $
|
| Dividend (TTM) |
3.6 $ |
|
|
| Per Share |
|
| Earnings (TTM) |
2.42 $
|
| Revenues (TTM) |
58.57 $ |
| Cash Flow (TTM) |
- |
| Cash |
1.72 $
|
| Book Value |
53.92 $ |
| Dividend (TTM) |
3.6 $ |
|
|
|
|
2.75% 