Safety Insurance Group (SAFT) Declares $0.90 Quarterly Dividend; 5.1% Yield

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Go back to Safety Insurance Group (SAFT) Declares $0.90 Quarterly Dividend; 5.1% Yield

Safety Announces Third Quarter 2020 Results and Declares Fourth Quarter 2020 Dividend

November 4, 2020 4:05 PM EST

BOSTON--(BUSINESS WIRE)-- Safety Insurance Group, Inc. (NASDAQ: SAFT) (the Company) today reported third quarter 2020 results. Net income for the quarter ended September 30, 2020 was $44.7 million, or $2.96 per diluted share, compared to net income of $15.6 million, or $1.01 per diluted share, for the comparable 2019 period. Net income for the nine months ended September 30, 2020 was $85.2 million, or $5.58 per diluted share, compared to net income of $71.5 million, or $4.64 per diluted share, for the comparable 2019 period. Non-generally accepted accounting principles (non-GAAP) operating income, as defined below, for the quarter ended September 30, 2020 was $2.53 per diluted share, compared to $0.98 per diluted share,... More