Safety Announces Second Quarter 2011 Results and Declares Third Quarter 2011 Dividend

Safety Insurance Group, Inc. (Nasdaq: SAFT) today reported second quarter 2011 results. Net income for the quarter ended June 30, 2011 was $4.1 million, or $0.27 per diluted share, compared to net income of $15.1 million, or $1.00 per diluted share, for the comparable 2010 period. Net income for the six months ended June 30, 2011 was $0.1 million, or $0.01 per diluted share, compared to $27.9 million, or $1.84 per diluted share, for the comparable 2010 period. Safety’s book value per share decreased to $42.56 at June 30, 2011 from $43.37 at December 31, 2010. Safety paid $0.50 per share in dividends to investors during the quarter ended June 30, 2011 compared to $0.40 per share during the comparable 2010 period. Safety paid $1.80 per share in dividends to investors during the year ended December 31, 2010.... Read more

Older articles featuring SAFT: