Filing Flows › Safety Insurance Group (SAFT) › Q3 2025
Safety Insurance Group (SAFT) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
Safety Insurance Group (SAFT) reported revenue of $327M for the third quarter 2025 (Q3 2025), +11% from a year earlier and +3% from the quarter before. Operating margin was 11.1%, net earnings $28.3M (8.7% of revenue).
Safety Insurance Group, Q3 2025: revenue $327M (+11% year over year), operating margin 11.1%, net earnings $28.3M, operating cash flow $85.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $327M | +3% | +11% |
| Operating profit | $36.2M | -2% | +10% |
| Net earnings | $28.3M | -2% | +9% |
| Operating cash flow | $85.5M | +164% | +16% |
What changed
Revenue was $326.6M in Q3 2025, up 11% year over year and up 3% from the previous quarter.
Operating profit was $36.2M, a 11.1% margin (down 0.1 points year over year). Of the extra revenue versus a year earlier, 11% reached operating profit, below the 11% margin then. Total costs grew 11% against revenue growth of 11%. Net earnings were $28.3M, up 9% year over year. The effective tax rate was 21.8%.
Operating cash flow was $85.5M (up 16% year over year), 302% of net earnings. Non-cash charges added back $1.5M of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items added $54.5M.
Questions
What was Safety Insurance Group's revenue in the third quarter 2025?
Safety Insurance Group (SAFT) reported revenue of $327M for the third quarter 2025 (Q3 2025), +11% from a year earlier and +3% from the quarter before.
Was Safety Insurance Group profitable in the third quarter 2025?
Operating profit was $36.2M (11.1% of revenue) and net earnings $28.3M.