Safety Insurance Q3 net earned premiums rise 12.5% yr/yr

Reuters
2025/11/04
<a href="https://laohu8.com/S/SAFT">Safety Insurance</a> Q3 net earned premiums rise 12.5% yr/yr

Overview

  • Safety Insurance Q3 net earned premiums up 12.5% yr/yr, driven by policy growth

  • Net income for Q3 rises to $28.3 mln, EPS at $1.91

  • Company plans to recommence share repurchases, $44.76 mln remaining under authorization

Outlook

  • Company did not provide specific guidance for future quarters

Result Drivers

  • PREMIUM GROWTH - Net earned premiums increased 12.5% due to prior year growth in policy counts and rate increases

  • COMBINED RATIO IMPROVEMENT - Combined ratio improved to 98.9% from 100.7% due to increased net earned premiums

  • INVESTMENT INCOME - Net investment income rose 27.2% due to higher interest rates on fixed maturity portfolio

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$326.62 mln

Q3 EPS

$1.91

Q3 Net Income

$28.31 mln

Q3 Adjusted Operating Income

$21.88 mln

Q3 Pretax Profit

$36.21 mln

Analyst Coverage

  • The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nBw77JGyna

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)

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