Safety Insurance Group (Safety Insurance Group) Long-Term Capital Lease Obligation

: $19.8 Mil (As of Dec. 2023)

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Safety Insurance Group's Long-Term Capital Lease Obligation for the quarter that ended in Dec. 2023 was $19.8 Mil.

Safety Insurance Group's quarterly Long-Term Capital Lease Obligation declined from Jun. 2023 ($21.7 Mil) to Sep. 2023 ($20.6 Mil) and declined from Sep. 2023 ($20.6 Mil) to Dec. 2023 ($19.8 Mil).

Safety Insurance Group's annual Long-Term Capital Lease Obligation declined from Dec. 2021 ($27.1 Mil) to Dec. 2022 ($23.3 Mil) and declined from Dec. 2022 ($23.3 Mil) to Dec. 2023 ($19.8 Mil).

Safety Insurance Group Long-Term Capital Lease Obligation Historical Data

The historical data trend for Safety Insurance Group's Long-Term Capital Lease Obligation 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.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 34.00 [6] => 31.00 [7] => 27.12 [8] => 23.34 [9] => 19.76 )

Safety Insurance Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

34.00

31.00

27.12

23.34

19.76

Safety Insurance Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Long-Term Capital Lease Obligation																23.34	22.21	21.73	20.59	19.76

Safety Insurance Group (NAS:SAFT) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Safety Insurance Group Long-Term Capital Lease Obligation Related Terms

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Safety Insurance Group (Safety Insurance Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Safety Insurance Group Inc (NAS:SAFT) » Definitions » Long-Term Capital Lease Obligation

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

Glenn Hiltpold	officer: VP of Actuarial Services	20 CUSTOM HOUSE STREET, BOSTON MA 02110
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
Srb Corp	10 percent owner	695 ATLANTIC AVENUE, BOSTON MA 02111
Peter J Manning	director	FLEETBOSTON FINANCIAL CORP, 100 FEDERAL STREET, BOSTON MA 02110
Christopher Thomas Whitford	officer: VP, CFO and Secretary	20 CUSTOM HOUSE STREET, BOSTON MA 02110
Stephen Albert Varga	officer: VP - MIS	20 CUSTOM HOUSE STREET, BOSTON MA 02110
James Berry	officer: VP - Insurance Operations	C/O SAFETY INSURANCE, 20 CUSTOM HOUSE STREET, BOSTON MA 02110
Farina John Daniel Jr.	director	20 CUSTOM HOUSE ST, BOSTON MA 02110
Deborah E Gray	director	20 CUSTOM HOUSE STREET, BOSTON MA 02110
Frederic H Lindeberg	director	C/O SAFETY INSURANCE GROUP, INC., 20 CUSTOM HOUSE STREET, BOSTON MA 02110
Ann Marie Mckeown	officer: V.P Insurance Operations	20 CUSTOM HOUSE STREET, BOSTON MA 02110
Moran Mary Coffey	director	DANVERS BANCORP, INC., ONE CONANT STREET, DANVERS MA 01923
David E Krupa	officer: VP - Property Claims
David D Mckown	director