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Safety Insurance posts 4Q profit

BOSTON (AP) _ Safety Insurance Group Inc. (SAFT) on Wednesday reported fourth-quarter net income of $12 million.

The Boston-based company said it had profit of 79 cents per share.

The automobile insurance provider posted revenue of $207 million in the period.

For the year, the company reported net income of $64.6 million, or $4.27 per share, swinging to a profit in the period. Revenue was reported as $819.8 million.

Safety Insurance shares have dropped slightly since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $73.55, a climb of 30 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SAFT at https://www.zacks.com/ap/SAFT


Keywords: Safety Insurance, Earnings Report