Brief: Safety Insurance Q2 EPS USD 1.95

Safety Insurance

06/08/2025 21:05

Overview

Safety Insurance Q2 net income rises to $28.9 mln, EPS at $1.95

Net earned premiums increase 14.2% yr/yr, improving combined ratio to 98.1%

Outlook

Safety Insurance raises quarterly dividend to $0.92 per share

Result Drivers

COMBINED RATIO IMPROVEMENT - Safety Insurance's combined ratio improved to 98.1% due to prior year growth in policy counts and rate increases

PREMIUM GROWTH - Net earned premiums increased by 14.2% driven by rate increases and new business production

INFLATION IMPACT - Losses and loss adjustment expenses rose due to inflationary impacts on Private Passenger Automobile segment

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$316.34 mln
Q2 EPS
$1.95
Q2 Net Income
$28.94 mln
Q2 Adjusted Operating Income
$21.52 mln
Q2 Pretax Profit
$36.83 mln


Analyst Coverage

The one available analyst rating on the shares is "hold"

The average consensus recommendation for the property & casualty insurance peer group is "buy."

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nBw85PNNpa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)