| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Fixed maturities, available for sale, at fair value (amortized cost 1,285,926 and 1,181,038, allowance for expected credit losses of 966 and 1,198) | 1,256,620 | 1,188,337 | ||
| Equity securities, at fair value (cost 209,944 and 201,258) | 243,341 | 235,352 | ||
| Other invested assets | 152,884 | 156,419 | ||
| Total investments | 1,652,845 | 1,580,108 | ||
| Cash and cash equivalents | 56,233 | 49,409 | ||
| Accounts receivable, net of allowance for expected credit losses of 878 and 918 | 333,178 | 333,014 | ||
| Receivable for securities sold | 1,927 | 315 | ||
| Accrued investment income | 9,434 | 8,682 | ||
| Receivable from reinsurers related to paid loss and loss adjustment expenses | 30,777 | 32,234 | ||
| Receivable from reinsurers related to unpaid loss and loss adjustment expenses | 141,895 | 135,626 | ||
| Ceded unearned premiums | 39,716 | 41,508 | ||
| Deferred policy acquisition costs | 115,735 | 111,481 | ||
| Deferred income taxes | 4,828 | 6,452 | ||
| Equity and deposits in pools | 8,772 | 4,875 | ||
| Operating lease right-of-use-assets | 12,626 | 13,657 | ||
| Taxes recoverable | - | 1,701 | ||
| Goodwill | 17,093 | 17,093 | ||
| Intangible assets | 7,019 | 7,256 | ||
| Other assets | 17,762 | 20,797 | ||
| Total assets | 2,449,840 | 2,364,208 | ||
| Losses and loss adjustment expense reserves | 719,812 | 685,941 | ||
| Unearned premium reserves | 675,865 | 659,464 | ||
| Accounts payable and accrued liabilities | 73,122 | 69,568 | ||
| Payable for securities purchased | 8,623 | 17,103 | ||
| Payable to reinsurers | 29,053 | 15,211 | ||
| Taxes payable | 1,185 | - | ||
| Long-term debt | 30,000 | 30,000 | ||
| Operating lease liabilities | 12,626 | 13,657 | ||
| Total liabilities | 1,550,286 | 1,490,944 | ||
| Common stock 0.01 par value 30,000,000 shares authorized 18,051,631 and 17,995,584 shares issued | 181 | 181 | ||
| Additional paid-in capital | 234,547 | 233,391 | ||
| Accumulated other comprehensive loss, net of taxes | -22,389 | -32,854 | ||
| Retained earnings | 837,508 | 822,839 | ||
| Treasury stock, at cost 3,157,577 shares | 150,293 | 150,293 | ||
| Total shareholders' equity | 899,554 | 873,264 | ||
| Total liabilities and shareholders' equity | 2,449,840 | 2,364,208 | ||
SAFETY INSURANCE GROUP INC (SAFT)
SAFETY INSURANCE GROUP INC (SAFT)