Safety Historical Income Statement
| SAFT Stock | USD 76.26 0.19 0.25% |
Historical analysis of Safety Insurance income statement accounts such as Operating Income of 5.2 M, Ebit of 5.2 M, EBITDA of 13.4 M or Total Operating Expenses of 282.3 M can show how well Safety Insurance Group performed in making a profits. Evaluating Safety Insurance income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Safety Insurance's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Safety Insurance latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Safety Insurance is a good buy for the upcoming year.
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About Safety Income Statement Analysis
Safety Insurance Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Safety Insurance shareholders. The income statement also shows Safety investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Safety Insurance Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Safety Insurance generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Safety Insurance Group minus its cost of goods sold. It is profit before Safety Insurance operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Cost Of Revenue
Cost of Revenue is found on Safety Insurance income statement and represents the costs associated with goods and services Safety Insurance provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most accounts from Safety Insurance's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Safety Insurance current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Safety Insurance Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. At this time, Safety Insurance's Depreciation And Amortization is comparatively stable compared to the past year. Total Operating Expenses is likely to gain to about 282.3 M in 2024, whereas Gross Profit is likely to drop slightly above 728.9 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 864.7M | 785.1M | 920.9M | 728.9M | Interest Expense | 522K | 524K | 818K | 588.6K |
Safety Insurance income statement Correlations
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Safety Insurance Account Relationship Matchups
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Safety Insurance income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 5.5M | 7.5M | 6.9M | 1.7M | 8.7M | 9.1M | |
| Total Revenue | 875.8M | 840.4M | 864.7M | 785.1M | 920.9M | 728.9M | |
| Gross Profit | 875.8M | 840.4M | 864.7M | 785.1M | 920.9M | 728.9M | |
| Other Operating Expenses | 752.1M | 665.6M | 700.4M | 725.5M | (906.7M) | (861.3M) | |
| Operating Income | 123.7M | 174.8M | 164.3M | 60.3M | 5.5M | 5.2M | |
| Ebit | 123.7M | 174.8M | 164.3M | 60.3M | 5.5M | 5.2M | |
| Ebitda | 129.2M | 182.3M | 171.2M | 62.0M | 14.1M | 13.4M | |
| Total Operating Expenses | (752.1M) | (665.6M) | (700.4M) | 245.1M | 264.4M | 282.3M | |
| Income Before Tax | 123.7M | 174.8M | 164.3M | 59.6M | 18.9M | 17.9M | |
| Total Other Income Expense Net | 123.7M | 174.8M | 164.3M | (688K) | 18.9M | 33.1M | |
| Net Income | 99.6M | 138.2M | 130.7M | 46.6M | 18.9M | 17.9M | |
| Income Tax Expense | 24.1M | 36.6M | 33.6M | 13.0M | 5.5M | 5.3M | |
| Net Income Applicable To Common Shares | 99.6M | 138.2M | 130.7M | 46.4M | 53.3M | 69.0M | |
| Net Income From Continuing Ops | 99.6M | 138.2M | 130.7M | 46.6M | 31.2M | 29.7M | |
| Tax Provision | 24.1M | 36.6M | 33.6M | 13.0M | 9.2M | 8.7M | |
| Interest Income | 48.2M | 42.8M | 42.6M | 47.7M | 55.1M | 44.6M | |
| Reconciled Depreciation | 5.5M | 7.5M | 6.9M | 6.6M | 6.7M | 6.9M |
Pair Trading with Safety Insurance
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Safety Insurance position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Safety Insurance will appreciate offsetting losses from the drop in the long position's value.Moving together with Safety Stock
The ability to find closely correlated positions to Safety Insurance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Safety Insurance when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Safety Insurance - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Safety Insurance Group to buy it.
The correlation of Safety Insurance is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Safety Insurance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Safety Insurance moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Safety Insurance can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Safety Stock Analysis
When running Safety Insurance's price analysis, check to measure Safety Insurance's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Safety Insurance is operating at the current time. Most of Safety Insurance's value examination focuses on studying past and present price action to predict the probability of Safety Insurance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Safety Insurance's price. Additionally, you may evaluate how the addition of Safety Insurance to your portfolios can decrease your overall portfolio volatility.