Safety Insurance Q3 net earned premiums rise 12.5% yr/yr

Reuters11-04

<a href="https://laohu8.com/S/SAFT">Safety Insurance</a> Q3 net earned premiums rise 12.5% yr/yr

Overview

Safety Insurance Q3 net earned premiums up 12.5% yr/yr, driven by policy growth
Net income for Q3 rises to $28.3 mln, EPS at $1.91
Company plans to recommence share repurchases, $44.76 mln remaining under authorization

Outlook

Company did not provide specific guidance for future quarters

Result Drivers

PREMIUM GROWTH - Net earned premiums increased 12.5% due to prior year growth in policy counts and rate increases
COMBINED RATIO IMPROVEMENT - Combined ratio improved to 98.9% from 100.7% due to increased net earned premiums
INVESTMENT INCOME - Net investment income rose 27.2% due to higher interest rates on fixed maturity portfolio

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 Revenue		$326.62 mln
Q3 EPS		$1.91
Q3 Net Income		$28.31 mln
Q3 Adjusted Operating Income		$21.88 mln
Q3 Pretax Profit		$36.21 mln

Analyst Coverage

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nBw77JGyna

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4107","symbol_name":"财产与意外伤害保险","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251103:nL1N3WF10X:1","article_id":"2580225605","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2580225605","pubTimestamp":1762205684,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Safety Insurance Q3 net earned premiums rise 12.5% yr/yrOverviewSafety Insurance Q3 net earned premiums up 12.5% yr/yr, driven by policy growthNet income for Q3 rises to $28.3 mln, EPS at $1.91Company","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4107":"财产与意外伤害保险","SAFT":"Safety Insurance Group"},"translate_title":"安全保险第三季度净赚取保费同比增长12.5%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SAFT":0.9},"content_text":"Safety Insurance Q3 net earned premiums rise 12.5% yr/yrOverviewSafety Insurance Q3 net earned premiums up 12.5% yr/yr, driven by policy growthNet income for Q3 rises to $28.3 mln, EPS at $1.91Company plans to recommence share repurchases, $44.76 mln remaining under authorizationOutlookCompany did not provide specific guidance for future quartersResult DriversPREMIUM GROWTH - Net earned premiums increased 12.5% due to prior year growth in policy counts and rate increasesCOMBINED RATIO IMPROVEMENT - Combined ratio improved to 98.9% from 100.7% due to increased net earned premiumsINVESTMENT INCOME - Net investment income rose 27.2% due to higher interest rates on fixed maturity portfolioKey DetailsMetricBeat/MissActualConsensus EstimateQ3 Revenue$326.62 mlnQ3 EPS$1.91Q3 Net Income$28.31 mlnQ3 Adjusted Operating Income$21.88 mlnQ3 Pretax Profit$36.21 mlnAnalyst CoverageThe stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months agoPress Release: ID:nBw77JGynaFor questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2580225605","isCrawlerRequest":true}