USD 21.6 Mil as of today(2020-02-27). In depth view into Safety Insurance Group Tax Expense explanation, calculation, historical data and more" />SAFT Tax Expense | Safety Insurance Group - GuruFocus.com
Switch to:

# Safety Insurance Group Tax Expense

: USD 21.6 Mil (TTM As of Sep. 2019)
View and export this data going back to 2002. Start your Free Trial

Safety Insurance Group's tax expense for the months ended in Sep. 2019 was USD 3.8 Mil. Its tax expense for the trailing twelve months (TTM) ended in Sep. 2019 was USD 21.6 Mil.

## Safety Insurance Group Tax Expense Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

 Safety Insurance Group Annual Data Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Tax Expense 23.96 -14.79 28.70 24.31 21.06

 Safety Insurance Group Quarterly Data Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Tax Expense 7.79 4.87 6.15 6.74 3.82

## Safety Insurance Group Tax Expense Calculation

Tax paid by the company. It is computed in by multiplying the income before tax number, as reported to shareholders, by the appropriate tax rate. In reality, the computation is typically considerably more complex due to things such as expenses considered not deductible by taxing authorities ("add backs"), the range of tax rates applicable to various levels of income, different tax rates in different jurisdictions, multiple layers of tax on income, and other issues.

Tax Expense for the trailing twelve months (TTM) ended in Sep. 2019 was 4.865 (Dec. 2018 ) + 6.15 (Mar. 2019 ) + 6.744 (Jun. 2019 ) + 3.821 (Sep. 2019 ) = USD 21.6 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Safety Insurance Group  (NAS:SAFT) Tax Expense Explanation

In the long run, income before tax and taxable income will likely be more similar than they are in any given period. If the one is less in earlier years, then it will be greater in later years. Deferred taxes will reverse themselves in the long run and in total will zero out, unless there is something like a change in tax rates in the intervening period. A deferred tax payable results from a tax break in the early years and will reverse itself in later years; a deferred tax receivable results from more taxes being paid in early years than the tax expense reported to shareholders and will again reverse itself in later years. The deferred tax amount is computed by estimating the amount and the timing of the reversal and multiplying that by the appropriate tax rates.