Safety Insurance Group (SAFT) Declares $0.80 Quarterly Dividend; 4% Yield
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Safety Announces First Quarter 2018 Results and Declares Second Quarter 2018 Dividend
May 2, 2018 4:05 PM EDTBOSTON--(BUSINESS WIRE)-- Safety Insurance Group, Inc. (NASDAQ: SAFT) today reported first quarter 2018 results. Net income for the quarter ended March 31, 2018 was $9.1 million, or $0.60 per diluted share, compared to net income of $12.0 million, or $0.79 per diluted share, for the comparable 2017 period. Non-generally accepted accounting principles (non-GAAP) operating income, as defined below, for the quarter ended March 31, 2018 was $0.71 per diluted share, compared to $0.72 per diluted share, for the comparable 2017 period. Safetys book value per share decreased to $44.85 at March 31, 2018 from $46.06 at December 31, 2017 primarily due to a decrease in net unrealized investment gains. Safety paid $0.80... More
