Filing Flows › Safety Insurance Group (SAFT) › Q4 2025
Safety Insurance Group (SAFT) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 27, 2026
Safety Insurance Group (SAFT) reported revenue of $319M for the fourth quarter 2025 (Q4 2025), +11% from a year earlier and -2% from the quarter before. Operating margin was 8.0%, net earnings $20.1M (6.3% of revenue).
Safety Insurance Group, Q4 2025: revenue $319M (+11% year over year), operating margin 8.0%, net earnings $20.1M, operating cash flow $73.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $319M | -2% | +11% |
| Operating profit | $25.4M | -30% | +151% |
| Net earnings | $20.1M | -29% | +147% |
| Operating cash flow | $73.5M | -14% | +46% |
| Free cash flow | $71.4M | -16% | +42% |
What changed
Revenue was $319.3M in Q4 2025, up 11% year over year and down 2% from the previous quarter.
Operating profit was $25.4M, a 8.0% margin (up 4.4 points year over year). Of the extra revenue versus a year earlier, 47% reached operating profit, above the 4% margin then. Total costs grew 6% against revenue growth of 11%. Net earnings were $20.1M, up 147% year over year. The effective tax rate was 20.9%.
Operating cash flow was $73.5M (up 46% year over year), 366% of net earnings. Non-cash charges added back $1.4M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items added $50.9M. Capital expenditures of $2.1M left free cash flow of $71.4M.
Questions
What was Safety Insurance Group's revenue in the fourth quarter 2025?
Safety Insurance Group (SAFT) reported revenue of $319M for the fourth quarter 2025 (Q4 2025), +11% from a year earlier and -2% from the quarter before.
Was Safety Insurance Group profitable in the fourth quarter 2025?
Operating profit was $25.4M (8.0% of revenue) and net earnings $20.1M.