Filing Flows › Safety Insurance Group (SAFT) › Q1 2026
Safety Insurance Group (SAFT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Safety Insurance Group (SAFT) reported revenue of $315M for the first quarter 2026 (Q1 2026), +4% from a year earlier and -1% from the quarter before. Operating margin was -5.7%, net loss $14.3M (4.6% of revenue).
Safety Insurance Group, Q1 2026: revenue $315M (+4% year over year), operating margin -5.7%, net loss $14.3M, operating cash flow −$17.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $315M | -1% | +4% |
| Operating profit | −$17.9M | -170% | -163% |
| Net earnings | −$14.3M | -171% | -165% |
| Operating cash flow | −$17.0M | -123% | -637% |
What changed
Revenue was $314.7M in Q1 2026, up 4% year over year and down 1% from the previous quarter.
Operating costs exceeded revenue by $17.9M, an operating margin of -5.7%. Total costs grew 22% against revenue growth of 4%. The quarter ended with a net loss of $14.3M, after a profit of $20.1M the previous quarter.
Operating cash flow was −$17.0M. Non-cash charges added back $1.4M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items used $5.5M. Capital expenditures of $1.8M exceeded it, leaving free cash flow of −$18.9M.
Questions
What was Safety Insurance Group's revenue in the first quarter 2026?
Safety Insurance Group (SAFT) reported revenue of $315M for the first quarter 2026 (Q1 2026), +4% from a year earlier and -1% from the quarter before.
Was Safety Insurance Group profitable in the first quarter 2026?
Operating loss was $17.9M (-5.7% of revenue) and net loss $14.3M.