Safety Insurance Group reported a strong fourth quarter with net income more than doubling to $20.1 million compared to the prior year. The improvement was driven by rate increases earning into top-line results and improved underwriting performance, resulting in a combined ratio of 99.4% for the quarter.

Safety Insurance Group reported a mixed performance for Q4 2024. While direct written premiums and net earned premiums increased, net income and net investment income decreased. The company's combined ratio was 101.9% compared to 106.5% in the prior year. The increases in direct written premiums and net written premiums are a result of new business production and rate increases.

Safety Insurance Group reported a significant increase in net income for Q3 2024, rising to $25.9 million, or $1.73 per diluted share, compared to $1.9 million, or $0.13 per diluted share, in Q3 2023. The combined ratio improved to 100.7% from 104.8% in the prior year. Direct written premiums also increased by 19.1% to $318.2 million.

Safety Insurance Group reported a net income of $16.6 million, or $1.13 per diluted share, for the second quarter of 2024. The company's combined ratio was 99.9%, favorably impacted by a transaction related to the Massachusetts Property Insurance Underwriting Association. Net earned premium increased by 22.1% compared to the second quarter of 2023.

Safety Insurance Group, Inc. reported a decrease in net income for the quarter ended December 31, 2023, with net income at $12.3 million, or $0.83 per diluted share, compared to $24.6 million, or $1.67 per diluted share, for the comparable 2022 period. Direct written premiums increased by 22.2% to $246.1 million. The company's combined ratio for the quarter was 106.5%.

Safety Insurance Group reported a net income of $1.9 million, or $0.13 per diluted share, for Q3 2023, compared to $6.2 million, or $0.42 per diluted share, for the same period in 2022. The results were impacted by inflationary pressures in the Private Passenger Automobile business and increased losses from flooding and wind events. Net written premiums increased by 22.2% due to policy count and average written premium increases.

Safety Insurance Group reported an increase in net income for the second quarter of 2023, driven by growth in direct written premiums, but the combined ratio was negatively impacted by inflationary pressures, particularly in the private passenger auto line of business.

Safety Insurance Group reported a net loss of $12.3 million, or $0.84 per diluted share, for Q1 2023, compared to a net income of $7.8 million, or $0.53 per diluted share, in Q1 2022. The results were significantly impacted by a severe winter weather event in February, which led to $32.1 million in incurred water damage. Despite the challenges, net written premium grew by 13.9% due to new business, improved retention, and rate increases, and investment income increased by 28.9%.

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.

Safety Insurance Group reported a decrease in net income for the quarter ended September 30, 2022, with net income at $6.2 million, or $0.42 per diluted share, compared to $24.8 million, or $1.64 per diluted share, for the comparable 2021 period. Direct written premiums increased by $6.8 million, or 3.2%, to $217.9 million from $211.1 million for the comparable 2021 period. The company's combined ratio was 97.1% for the quarter.

Safety Insurance Group reported a decrease in net income for the quarter ended June 30, 2022, with net income at $7.9 million, or $0.53 per diluted share, compared to $37.7 million, or $2.49 per diluted share, for the comparable 2021 period. However, non-GAAP operating income for the quarter increased to $1.91 per diluted share, compared to $1.85 per diluted share for the same period in 2021. The company's combined ratio was 92.1%, reflecting strong underwriting discipline and expense management. Direct written premiums decreased slightly to $214.6 million.

Safety Insurance Group, Inc. reported first quarter 2022 results with a net income of $7.8 million, or $0.53 per diluted share, compared to $36.2 million, or $2.42 per diluted share, for the comparable 2021 period. The combined ratio was 98.7%, impacted by pre-pandemic frequency in the private passenger line and increased physical damage inflation costs. Direct written premiums decreased by 1.4% to $189.5 million.

Safety Insurance Group reported a decrease in net income for the fourth quarter of 2021, with $32.0 million, or $2.14 per diluted share, compared to $52.9 million, or $3.55 per diluted share, for the same period in 2020. Non-GAAP operating income was $1.55 per diluted share, down from $2.55 per diluted share in the prior year. The company's book value per share increased to $62.47. The Board of Directors approved an increase to the share repurchase program of up to $50 million.

Safety Insurance Group reported a decrease in net income for the third quarter of 2021, with $24.8 million, or $1.64 per diluted share, compared to $44.7 million, or $2.96 per diluted share, for the comparable 2020 period. Direct written premiums decreased by 1.1% to $211.1 million. The combined ratio increased to 93.9% from 85.0% in the prior 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.

Safety Insurance Group, Inc. reported a net income of $36.2 million, or $2.42 per diluted share, for the quarter ended March 31, 2021, compared to a net loss of $2.0 million, or $0.13 per diluted share, for the comparable 2020 period. Non-GAAP operating income for the quarter was $1.93 per diluted share, compared to $1.57 per diluted share for the comparable 2020 period.

Safety Insurance Group, Inc. reported a strong fourth quarter in 2020, with net income increasing to $53.0 million, or $3.55 per diluted share, compared to $28.1 million, or $1.82 per diluted share, in the same period of 2019. Non-GAAP operating income also rose to $2.55 per diluted share from $1.44 per diluted share in the prior year. However, direct written premiums saw a decrease of 3.7% during the quarter.

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.

Safety Insurance Group reported increased net income and non-GAAP operating income for the second quarter of 2020, while direct and net written premiums decreased. The company's performance was influenced by premium relief efforts, changes in eligibility requirements, and the impact of the COVID-19 pandemic.

Safety Insurance Group reported a net loss of $2.0 million for Q1 2020, driven by a $30.0 million decrease in unrealized gains on equity investments. However, non-GAAP operating income per diluted share increased to $1.57, compared to $1.36 in Q1 2019.

Safety Insurance Group, Inc. reported a rise in net income for the quarter ended December 31, 2019, reaching $28.1 million, or $1.82 per diluted share, compared to $18.3 million, or $1.19 per diluted share, in the comparable 2018 period. However, non-GAAP operating income decreased to $1.44 per diluted share from $1.83 per diluted share in the same period last year. Direct written premiums experienced a slight increase of 1.4%, while net earned premiums also saw a modest rise of 0.5%.