Safety Insurance Group (SAFT) FY2015 results: revenue $798 million, up 2.5% on the year
Safety Insurance Group Inc. (SAFT) reported revenue of $798 million for fiscal 2015, the year ended 31 December 2015, up 2.5% on the year before. Net income was -$14 million, and diluted earnings per share $-0.93. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2016.
Revenue
$798 million
+2.5% on the year
FY2009FY2015
Operating margin
-3.6%
10.7% a year earlier
FY2009FY2015
Net income
-$14 million
FY2009FY2015
Diluted EPS
-$0.93
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
798
779
745
+2.5%
Operating income
-28.6
83.3
87.7
Operating margin
-3.6%
10.7%
11.8%
Interest expense
0.1
0.1
0.1
0.0%
Pre-tax income
-28.6
83.3
87.7
Income tax
-14.8
24.0
26.3
Effective tax rate
n/a
28.8%
30.0%
Net income
-13.9
59.4
61.4
Net margin
-1.7%
7.6%
8.2%
Diluted EPS
-$0.93
$3.91
$3.98
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
22.9
97.6
111
-76.5%
Capital expenditure
4.0
1.8
4.9
+129.6%
Free cash flow
18.9
95.8
106
-80.3%
Free cash flow margin
2.4%
12.3%
14.2%
Cash from investing
23.8
n/a
n/a
Cash from financing
-41.7
n/a
n/a
Depreciation and amortisation
3.9
4.1
4.0
-5.5%
Share-based compensation
3.7
n/a
n/a
Buybacks
n/a
23.5
4.8
Dividends paid
42.0
39.3
36.9
+6.8%
Dividend per share
$2.80
$2.60
$2.40
+7.7%
Diluted shares, weighted
15m
15m
15m
-2.2%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
644
708
695
-9.0%
Other liabilities
1,059
967
930
+9.5%
Total liabilities and equity
1,704
1,676
1,625
+1.7%
Fixed assets
8.4
8.3
10.7
+1.6%
Investments
0.0
0.0
0.0
Cash and equivalents
47.5
42.5
55.9
+11.9%
Other assets
1,648
1,625
1,559
+1.4%
Total assets
1,704
1,676
1,625
+1.7%
10-K for the year ended 31 December 2015, filed 26 February 2016: the filing.