Safety In­sur­ance 3Q ean­nings up

The Pak Banker - - Front Page -

BOS­TON

Safety In­sur­ance Group to­day re­ported third quar­ter 2012 re­sults. Safety In­sur­ance Group net in­come for the quar­ter ended Septem­ber 30, 2012 was $14.3 mil­lion, or $0.94 per di­luted share, com­pared to net in­come of $8.8 mil­lion, or $0.58 per di­luted share, for the com­pa­ra­ble 2011 pe­riod.

Net in­come for the nine months ended Septem­ber 30, 2012 was $48.5 mil­lion, or $3.17 per di­luted share, com­pared to $8.9 mil­lion, or $0.59 per di­luted share, for the com­pa­ra­ble 2011 pe­riod. Safety's book value per share in­creased to $45.46 at Septem­ber 30, 2012 from $43.22 at De­cem­ber 31, 2011. Safety paid $0.60 per share in div­i­dends to in­vestors dur­ing the quar­ter ended Septem­ber 30, 2012, com­pared to $0.50 per share dur­ing com­pa­ra­ble 2011 pe­riod.

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