Safety Insurance Group (SAFT) Raises Quarterly Dividend 12.5% to $0.90; 3.6% Yield

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Go back to Safety Insurance Group (SAFT) Raises Quarterly Dividend 12.5% to $0.90; 3.6% Yield

Safety Announces Second Quarter 2019 Results and Raises Third Quarter 2019 Dividend

July 31, 2019 4:05 PM EDT

BOSTON--(BUSINESS WIRE)-- Safety Insurance Group, Inc. (NASDAQ: SAFT) today reported second quarter 2019 results. Net income for the quarter ended June 30, 2019 was $25.9 million, or $1.68 per diluted share, compared to net income of $26.8 million, or $1.75 per diluted share, for the comparable 2018 period. Net income for the six months ended June 30, 2019 was $55.9 million, or $3.63 per diluted share, compared to net income of $35.9 million, or $2.35 per diluted share, for the comparable 2018 period. Non-generally accepted accounting principles (non-GAAP) operating income, as defined below, for the quarter ended June 30, 2019 was $1.47 per diluted share, compared to $1.81 per diluted share, for the... More