Safety Insurance Group (SAFT) FY2017 results: revenue $839 million, up 2.4% on the year
Safety Insurance Group Inc. (SAFT) reported revenue of $839 million for fiscal 2017, the year ended 31 December 2017, up 2.4% on the year before. Net income was $62 million, down 3.4%, and diluted earnings per share $4.10. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2018.
Revenue
$839 million
+2.4% on the year
FY2010FY2017
Operating margin
10.3%
11.4% a year earlier
FY2010FY2017
Net income
$62 million
-3.4% on the year
FY2010FY2017
Diluted EPS
$4.10
-4.0% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
839
820
798
+2.4%
Operating income
86.7
93.3
-28.6
-7.1%
Operating margin
10.3%
11.4%
-3.6%
Interest expense
0.1
0.1
0.1
0.0%
Pre-tax income
86.7
93.3
-28.6
-7.1%
Income tax
24.3
28.7
-14.8
-15.3%
Effective tax rate
28.0%
30.8%
n/a
Net income
62.4
64.6
-13.9
-3.4%
Net margin
7.4%
7.9%
-1.7%
Diluted EPS
$4.10
$4.27
-$0.93
-4.0%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
82.0
98.8
22.9
-17.0%
Capital expenditure
6.0
4.9
4.0
+21.3%
Free cash flow
76.1
93.9
18.9
-19.0%
Free cash flow margin
9.1%
11.5%
2.4%
Cash from investing
-14.9
-84.3
23.8
Cash from financing
-45.5
-42.0
-41.7
Depreciation and amortisation
5.0
4.4
3.9
+14.9%
Share-based compensation
5.2
4.3
3.7
+20.1%
Dividends paid
45.5
42.3
42.0
+7.6%
Dividend per share
$3.00
$2.80
$2.80
+7.1%
Diluted shares, weighted
15m
15m
15m
+0.7%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
701
671
644
+4.5%
Other liabilities
1,106
1,088
1,059
+1.7%
Total liabilities and equity
1,807
1,758
1,704
+2.8%
Fixed assets
9.9
8.9
8.4
+10.3%
Investments
0.0
0.0
0.0
Cash and equivalents
41.7
20.1
47.5
+108.0%
Other assets
1,756
1,729
1,648
+1.5%
Total assets
1,807
1,758
1,704
+2.8%
10-K for the year ended 31 December 2017, filed 28 February 2018: the filing.