Safety Insurance Group (NAS:SAFT) EBIT

: $46.6 Mil (TTM As of Jun. 2023)

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Safety Insurance Group's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2023 was $21.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was $46.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Safety Insurance Group's annualized ROC % for the quarter that ended in Jun. 2023 was 3.59%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Safety Insurance Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was 4.39%.

Safety Insurance Group EBIT Historical Data

The historical data trend for Safety Insurance Group's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Safety Insurance Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

104.34

123.77

175.21

164.79

60.11

Safety Insurance Group Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
EBIT																10.02	7.91	31.94	-15.10	21.82

Safety Insurance Group EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $46.6 Mil.

Safety Insurance Group (NAS:SAFT) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Safety Insurance Group's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	EBIT * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	87.26 * ( 1 - 20.8% )	/	( (1921.96075	+	1929.53725)	/ 2 )
=	69.10992	/	1925.749
=	3.59 %

where

	Invested Capital		(Q: Mar. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Balance Sheet Cash And Cash Equivalents	-	5% * Revenue )
=	1989.798	-	63.147	-	( 15.316	-	5% * 212.515 )
=	1921.96075

	Invested Capital		(Q: Jun. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Balance Sheet Cash And Cash Equivalents	-	5% * Revenue )
=	2016.105	-	72.626	-	( 25.388	-	5% * 228.925 )
=	1929.53725

Note: The EBIT data used here is four times the quarterly (Jun. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

ROC (Joel Greenblatt) % does not apply to banks and insurance companies.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Safety Insurance Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	46.562	/	1061.750
	=	4.39 %

Safety Insurance Group EBIT Related Terms

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Safety Insurance Group (NAS:SAFT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Safety Insurance Group Inc (NAS:SAFT) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

SFN:Germany

Address

20 Custom House Street, Boston, MA, USA, 02110

Website

http://www.safetyinsurance.com

Safety Insurance Group Inc is a provider of private passenger automobile insurance in Massachusetts. The company also offers property and casualty insurance products, including commercial automobiles, homeowners, dwelling fire, umbrella, and business owner policies. It operates in the business segment of Property and casualty insurance operations.

Executives

Brophy Charles Joseph Iii	director	20 CUSTOM HOUSE STREET, BOSTON MA 02110
Dennis J. Langwell	director	C/O LIBERTY MUTUAL GROUP, 175 BERKELEY STREET, BOSTON MA 02116
Farina John Daniel Jr.	director	20 CUSTOM HOUSE ST, BOSTON MA 02110
Deborah E Gray	director	20 CUSTOM HOUSE STREET, BOSTON MA 02110
Glenn Hiltpold	officer: VP of Actuarial Services	20 CUSTOM HOUSE STREET, BOSTON MA 02110
Moran Mary Coffey	director	DANVERS BANCORP, INC., ONE CONANT STREET, DANVERS MA 01923
Christopher Thomas Whitford	officer: VP, CFO and Secretary	20 CUSTOM HOUSE STREET, BOSTON MA 02110
Srb Corp	10 percent owner	695 ATLANTIC AVENUE, BOSTON MA 02111
Palisades Safety & Insurance Association	10 percent owner	C/O PLYMOUTH ROCK MANAGEMENT CO OF NJ, 581 MAIN STREET, 4TH FLOOR, WOODBRIDGE NJ 07095
Plymouth Rock Co Inc	10 percent owner	695 ATLANTIC AVENUE, BOSTON MA 02111
Thalia Meehan	director	C/O SAFETY INSURANCE GROUP, INC., 20 CUSTOM HOUSE STREET, BOSTON MA 02110
John Patrick Drago	officer: VP - Marketing	20 CUSTOM HOUSE STREET, BOSTON MA 02110
Ann Marie Mckeown	officer: V.P Insurance Operations	20 CUSTOM HOUSE STREET, BOSTON MA 02110
Stephen Albert Varga	officer: VP - MIS	20 CUSTOM HOUSE STREET, BOSTON MA 02110
Paul J Narciso	officer: VP - Claims	C/O SAFETY INSURANCE, 20 CUSTOM HOUSE STREET, BOSTON MA 02110