Safety Announces Third Quarter 2020 Results and Declares Fourth Quarter 2020 Dividend

BOSTON--(BUSINESS WIRE)--Safety Insurance Group, Inc. (NASDAQ:SAFT) (“the Company”) today reported third quarter 2020 results. Net income for the quarter ended September 30, 2020 was $44.7 million, or $2.96 per diluted share, compared to net income of $15.6 million, or $1.01 per diluted share, for the comparable 2019 period. Net income for the nine months ended September 30, 2020 was $85.2 million, or $5.58 per diluted share, compared to net income of $71.5 million, or $4.64 per diluted share, for the comparable 2019 period. Non-generally accepted accounting principles (“non-GAAP”) operating income, as defined below, for the quarter ended September 30, 2020 was $2.53 per diluted share, compared to $0.98 per diluted share, for the comparable 2019 period. Non-GAAP operating income for the nine months ended September 30, 2020 was $6.02 per diluted share, compared to $3.80 per diluted share, for the comparable 2019 period.