Safety Insurance Group (SAFT) FY2016 results: revenue $820 million, up 2.7% on the year
Safety Insurance Group Inc. (SAFT) reported revenue of $820 million for fiscal 2016, the year ended 31 December 2016, up 2.7% on the year before. Net income was $65 million, and diluted earnings per share $4.27. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2017.
Revenue
$820 million
+2.7% on the year
FY2009FY2016
Operating margin
11.4%
-3.6% a year earlier
FY2009FY2016
Net income
$65 million
FY2009FY2016
Diluted EPS
$4.27
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
820
798
779
+2.7%
Operating income
93.3
-28.6
83.3
Operating margin
11.4%
-3.6%
10.7%
Interest expense
0.1
0.1
0.1
0.0%
Pre-tax income
93.3
-28.6
83.3
Income tax
28.7
-14.8
24.0
Effective tax rate
30.8%
n/a
28.8%
Net income
64.6
-13.9
59.4
Net margin
7.9%
-1.7%
7.6%
Diluted EPS
$4.27
-$0.93
$3.91
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
98.8
22.9
97.6
+331.7%
Capital expenditure
4.9
4.0
1.8
+21.5%
Free cash flow
93.9
18.9
95.8
+398.2%
Free cash flow margin
11.5%
2.4%
12.3%
Cash from investing
-84.3
23.8
n/a
Cash from financing
-42.0
-41.7
n/a
Depreciation and amortisation
4.4
3.9
4.1
+12.2%
Share-based compensation
4.3
3.7
n/a
+15.5%
Buybacks
n/a
n/a
23.5
Dividends paid
42.3
42.0
39.3
+0.7%
Dividend per share
$2.80
$2.80
$2.60
0.0%
Diluted shares, weighted
15m
15m
15m
+1.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
671
644
708
+4.1%
Other liabilities
1,088
1,059
967
+2.7%
Total liabilities and equity
1,758
1,704
1,676
+3.2%
Fixed assets
8.9
8.4
8.3
+6.3%
Investments
0.0
0.0
0.0
Cash and equivalents
20.1
47.5
42.5
-57.8%
Other assets
1,729
1,648
1,625
+4.9%
Total assets
1,758
1,704
1,676
+3.2%
10-K for the year ended 31 December 2016, filed 24 February 2017: the filing.