SAFETY INSURANCE GROUP INCSAFTEarnings & Financial Report
Nationwide Mutual Insurance Company and affiliated companies, commonly shortened to Nationwide, is a group of large U.S. insurance and financial services companies based in Columbus, Ohio. The company also operates regional headquarters in Scottsdale, Arizona and Des Moines, Iowa. Nationwide currently has approximately 24,000 employees, and is ranked No. 72 in the 2025 Fortune 500 list.
Revenue
$268.2M
Gross Profit
N/A
Operating Profit
$25.6M
Net Profit
$20.1M
Gross Margin
N/A
Operating Margin
9.5%
Net Margin
7.5%
YoY Growth
25.5%
EPS
$1.36
SAFETY INSURANCE GROUP INC Q1 FY2024 Financial Summary
SAFETY INSURANCE GROUP INC reported revenue of $268.2M (up 25.5% YoY) for Q1 FY2024, with a net profit of $20.1M (up 262.7% YoY) (7.5% margin).
Key Financial Metrics
| Total Revenue | $268.2M |
|---|---|
| Net Profit | $20.1M |
| Gross Margin | N/A |
| Operating Margin | 9.5% |
| Report Period | Q1 FY2024 |
SAFETY INSURANCE GROUP INC Annual Revenue by Year
SAFETY INSURANCE GROUP INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.3B).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.3B |
| 2024 | $1.1B |
| 2023 | $931.0M |
| 2022 | $797.6M |
SAFETY INSURANCE GROUP INC Quarterly Revenue & Net Profit History
SAFETY INSURANCE GROUP INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $319.3M | +11.4% | $20.1M | 6.3% |
| Q3 FY2025 | $326.6M | +10.6% | $28.3M | 8.7% |
| Q2 FY2025 | $316.3M | +17.3% | $28.9M | 9.1% |
| Q1 FY2025 | $301.4M | +12.4% | $21.9M | 7.3% |
| Q4 FY2024 | $286.7M | +11.0% | $8.1M | 2.8% |
| Q3 FY2024 | $295.3M | +28.7% | $25.9M | 8.8% |
| Q2 FY2024 | $269.8M | +17.6% | $16.6M | 6.2% |
| Q1 FY2024 | $268.2M | +25.5% | $20.1M | 7.5% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $268.2M | $269.8M | $295.3M | $286.7M | $301.4M | $316.3M | $326.6M | $319.3M |
| YoY Growth | 25.5% | 17.6% | 28.7% | 11.0% | 12.4% | 17.3% | 10.6% | 11.4% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $2.09B | $2.16B | $2.27B | $2.27B | $2.29B | $2.36B | $2.45B | $2.47B |
| Liabilities | $1.29B | $1.35B | $1.42B | $1.44B | $1.44B | $1.49B | $1.55B | $1.58B |
| Equity | $807.1M | $810.2M | $851.4M | $828.5M | $850.7M | $873.3M | $899.6M | $892.3M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-21.1M | $25.6M | $73.8M | $128.7M | $3.2M | $32.3M | $85.5M | $194.5M |