Filing Flows › Safety Insurance Group (SAFT) › Q2 2025
Safety Insurance Group (SAFT) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
Safety Insurance Group (SAFT) reported revenue of $316M for the second quarter 2025 (Q2 2025), +17% from a year earlier and +5% from the quarter before. Operating margin was 11.6%, net earnings $28.9M (9.1% of revenue).
Safety Insurance Group, Q2 2025: revenue $316M (+17% year over year), operating margin 11.6%, net earnings $28.9M, operating cash flow $32.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $316M | +5% | +17% |
| Operating profit | $36.8M | +30% | +73% |
| Net earnings | $28.9M | +32% | +74% |
| Operating cash flow | $32.3M | +919% | +26% |
| Free cash flow | $32.3M | 11× | +29% |
What changed
Revenue was $316.3M in Q2 2025, up 17% year over year and up 5% from the previous quarter.
Operating profit was $36.8M, a 11.6% margin (up 3.8 points year over year). Of the extra revenue versus a year earlier, 33% reached operating profit, above the 8% margin then. Total costs grew 12% against revenue growth of 17%. Net earnings were $28.9M, up 74% year over year. The effective tax rate was 21.4%.
Operating cash flow was $32.3M (up 26% year over year), 112% of net earnings. Non-cash charges added back $2.0M of depreciation and amortization and $1.1M of share-based compensation. Capital expenditures of $68K left free cash flow of $32.3M.
Questions
What was Safety Insurance Group's revenue in the second quarter 2025?
Safety Insurance Group (SAFT) reported revenue of $316M for the second quarter 2025 (Q2 2025), +17% from a year earlier and +5% from the quarter before.
Was Safety Insurance Group profitable in the second quarter 2025?
Operating profit was $36.8M (11.6% of revenue) and net earnings $28.9M.